PAOC Pump & Dump Alert January 21, 2015
PAOC Pump & Dump In Action – Warning
Today we expose a potentially Bogus promotion going on in penny stocks.
Our patient today is a popular promotion this week on the email circuit Pan Ocean Container Supplies Ltd. (PAOC).
If youre not sure how these scams work, check out our free report exposing penny stock pump and dump scams.
So heres the story
Pan Ocean Container Supplies Ltd. (PAOC) Pump & Dump
PAOC is being hyped this week by the scammers out there.
The most recent emails are hyping a 40% up move and a breakout Just like planned.
The scammer goes on to mention that PAOC had a big run already and was up for a second run right now
So lets take a look at that first run
As you can see, this tiny stock had quite the run last a few weeks back jumping from around $2 to over $18.
Unfortunately, like most pump and dump stories, the stock didnt stay up it promptly crashed back to earth. This crash cost penny stock traders big bucks
And now the scammers are trying to take a second bite at the apple Theyre trying to pump up the stock again!
DONT get caught by this scam.
Why do I think its a scam?
PAOC Pump & Dump Warning Signs
There are warning signs all over this company.
First is the email
The promoter does his duty and discloses his relationship to PAOC In their disclaimer, they note they were paid $5,840.00 for advertising paoc and to disseminate information about paoc.
Thats the first RED FLAG.
Now lets ask a question Who paid them?
Well, it wasnt the company. I took a look at the company financials and they have a whopping, $4,051 in the bank as of their last filing.
If thats not another Big RED FLAG, I dont know what is
But it doesnt end there.
I kept reading the filings
And I came across this statement.
These funds are in his safe custody pending the opening of a Company bank account.
So, I guess the company doesnt have a bank account?!?
What the .
But wait, it gets better (or worse I guess).
More from their filings
We have not generated any revenues for the six months ended October 31, 2014.
And
Management does not expect that the current level of cash on hand will be sufficient to fund our operation for the next twelve-month period.
You can read all these warning signs too just visit the sec.gov website and search for the company filings!
REALLY, do some homework and youll find warning after warning
RED FLAG, after red flag, after red flag
No cash, no bank account, and not enough money to survive the next 12 months.
So why would you buy this penny stock?
You wouldnt! And you shouldnt!
Stay as far away from PAOC as you can its clearly a pump & dump and you dont want to be left holding the bag.
Good trading
Brian Kent
Penny Stock Research
Note: Brian Kent has been trading the markets for more than two decades and now writes and edits for PennyStockResearch.com. You can sign up for the penny stock research newsletter a trusted source for the truth about penny stocks! Sign up today and get a free research report – http://pennystockresearch.com/free-reports/.
Category: Pump & Dump Alerts
