NSRS, TBSS, APGS – Pump And Dump Alerts January 13, 2012
This week were exposing these three popular Pump & Dumps: North Springs Resources (NSRS), TBSS International (TBSS), and Apps Genius (APGS).
That said, welcome to Pump and Dump Friday, where every week we highlight a few of the bogus promotions that are going on in penny stocks.
If you dont know how these scams work, be sure to check out this free report that exposes the whole thing.
Now without further ado, here are the rest of this weeks disasters waiting to happen:
North Springs Resources (NSRS)
Id hope after last weeks expose` on North Springs Resources, youd be ignoring the pumpers emails. But with the all-out blitzkrieg of hype from paid stock promoters, you may be tempted to buy some shares.
If you missed it last week, let me quickly recap NSRS for you
North Springs Resources is a gold exploration company that has an exploration deal in Wickenburg, AZ just getting underway. In a press release on January 11th, the companys president hopes to prove theyll strike gold and said,
We are confident that the planned exploration and drilling at Goldstar could quickly prove up the current 350,000 ounce estimate and provide us with enough data to make the decision to build a new mine and quickly go into production.”
To prove their theory, the company had to borrow $1 million, at a 10% annual interest rate, to pay for the exploration phase of the project. NSRS has already committed over half of this million dollars to prove they might be right.
That sounds all well and good, but heres something you should know before investing in NSRS shares
Before they borrowed the money, the company had $16 in cash on the books. Yeah, not $16,000, or $160,000 but $16. Thats only enough to pick up lunch!
Whats more, NSRS is spreading their newly acquired cash a bit thin. North Springs has their original Nevada gold project (which isnt producing gold) and the newly acquired GoldStar project in Arizona.
That seemed like well more than enough hype. But no, not for these guys
NSRS just announced theyve signed a letter of intent to invest more money in a gold project in Ghana!
Ghana?
Seriously now, what business does this little company in the US, with no revenue to support expansion, have trying to explore for gold halfway around the globe?
NSRS needs to leave the Gold Belt in Ghana to the big boys like Newmont and AngloGold. These multi-billion dollar miners have the revenue to spend on expansion and research into distant lands such as Ghana. Not some rinky-dink company with $16 in cash, no revenue, and a stock thats pumped by paid promoters
I dont think I need to add anything more as NSRS has just given you a huge red flag to run away as fast as you can. North Springs is clearly reaching in a desperate attempt to find gold anywhere anywhere at all. Their latest attempt to explore in Ghana proves it.
TBSS International (TBSS)
The pumpers have been out hyping up TBSS International shares this week. In fact, 24-7 Stock Alert was paid $10,000 by ACN, LLC to tell you how TBSS is a Low Price Monster. But of course, they wont give the real dirt on the company thats my job.
Heres what I dug up
First off, TBSS International is not only the companys new name, its an entirely new business. Management previously operated the company as Avenue South, Ltd. The stock symbol for the old company was even different ANSH.
But its management going into a brand new business that worries me
As Avenue South, the company operated a web based home goods and furnishing store. From their inception in July 2007 until June 30th, 2011 their net loss was $26,779. Basically, they werent making money selling home furnishing goods over the web.
So they decided to change businesses
Now, ANSH is TBSS International a self-described visionary development firm with construction and service contracts in oil drilling, gold mining, water well drilling, and sonic and horizontal drilling.
Huh? How do you go from selling pillows online to managing multi-million dollar service contracts?
Ok, ok… lets say they can do more than sell pillows. Lets take a closer look at TBSS books
For the three months ending in September 2011 (the company became TBSS on July 6th), the company posted $0 in revenue. Somehow the company managed a loss of $45,815 though.
And thats not a great start
TBSS lost more in three months than in the previous four years when they were selling pillows and such!
Well, lets forget all those fussy little details, like profitability, and listen to The Penny Stock Chief. I think not! After getting paid $15,000 to pump shares TBSS, I think well pass on listening to anything he has to say.
I suggest you also pass on shares of TBSS.
Apps Genius (APGS)
Were going from silly to absurd next
Apps Genius is their name, and building Facebook, iPhone, and Android apps is their game. But their apps are hardly worthy of the name
Genius.
In fact, their top product is an app built around intellectual icon – Snooki – from the MTV reality show Jersey Shore. (No, Im not making this up )
The app allows you to place Snookis hair, glasses, clothing and other Jersey Shore accessories on a photo stored in your phone. And for the pleasure of getting yourself dolled up like Snooki you need to pay $1.99 to buy the app.
Wait, wait I think I hear the phone ringing. Its Mensa on the other line guys they want to know how you came up with such a product worthy of Genius. Ha!
Anyway, besides their flagship Snooki app, APGS also has a handful of free apps that run on Facebook. Of course, from Apps Genius, youd expect names like Bruisers, Crazy Dream, Drama Llama. Yes, sometimes my job is this fun.
Lets look at their stellar financials or not so stellar.
For the first nine months of 2011, APGS scrounged up $10,450 in revenue only to post a loss of $193,889. And thats with operating expenses running $204,339.
But dont worry, Papa Roach knew APGS had potential, as the pumpers email was titled. Really, Im not making this up. The Stock Roach was paid $35,000 to hype APGS so of course the stock has potential.
Bottom line
It doesnt take a genius to see Apps Genius is far from investment worthy. That is, unless, youre ready to take investment advice from Snooki. Hey, a girls gotta hawk her wares, right (after GTL, of course)!
A final word (and warning).
So that takes care of a few of this weeks inglorious pump and dumps.
Remember, theres a lot more of this going on each week than we highlight here.
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 scams out there these days!
Until next time,
Brian Walker
Category: Pump & Dump Alerts
