MDRM, ITNS – Pump And Dump Alerts – May 07, 2012

| May 7, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Modern Mobility Aids (MDRM) and Itonis (ITNS).

Here we identify a couple of the potentially “bogus” promotions going on in penny stocks today.

If you don’t know how these schemes work, be sure to check out this free report that exposes the whole thing.

Without further ado, here are today’s “disasters waiting to happen”:

Modern Mobility Aids (MDRM)

Modern Mobility Aids is a development stage company.  They focus on the distribution of products for mobility challenged individuals.  MDRM plans to import, market, and sell a range of mobility products to the Russian market. MDRM reported $0 in revenue for the last six months of 2011.

Back in November 2011, we exposed a promotion being run on MDRM.  At the time, it was trading at $0.10.  Currently, shares of this penny stock trade near $0.02.

Stock Exploder was paid $10,000 to pump shares of MDRM. 

Itonis (ITNS)

Itonis is a development stage company.  ITNS owns Performance Mortgage Group, which focuses on consumer financial services in the US.  In January 2011, ITNS filed with the SEC to terminate their registration, form 15-12g.

In December of 2011, we exposed a pump and dump being run on ITNS by Hot OTC.  Back then, shares of this penny stock were trading at $0.06.  Right now, these shares are trading around $0.04 each.

Club Penny Stocks was paid $25,000 by Sogle Marketing, LLC to hype shares of ITNS.

A final word (and warning).

These are just a few of the potential “pump and dumps” we’ve seen lately.

Remember, there’s a lot more of this going on than we can highlight here.

For more in-depth coverage of potential penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research.

As you know, penny stocks are a great place to invest your money.  You just have to do your due diligence to stay away from all the schemes and scams out there these days!

Until next time,

Brian Walker

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Category: Pump & Dump Alerts, Pump & Dump Daily

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.
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