QUMI, PRHL, BLBK – Pump And Dump Alerts – August 24, 2012

| August 24, 2012 | 0 Comments

Pump And Dump AlertsThis week we’re exposing these three popular Pump & Dumps:  Quamtel (QUMI), Premier Holding (PRHL), and Boldface Group (BLBK).

That said, welcome to Pump and Dump Friday, where every week we identify a few 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”:

Quamtel (QUMI)

How many times in one year can we watch pumpers try and move a stock?  The answer – as many as they can get paid for! 

But seriously now, Quamtel is the well documented recipient of numerous pump and dump schemes this year.  We’ve exposed them at least four or five times dating all the way back to January.  And there are a couple other sites that have caught these shares being manipulated as well.

So how stupid do these pumpers think we are?

It’s laughable really.  But rest assured, The Green Baron (no blood relation to The Red Baron- but also fiercely hunted by the Sopwith Camel) was compensated with 250,000 QUMI shares to start up the hype machine once again.

Peanuts references aside, that’s just pathetic.  Given the stock is trading near $0.17 as of late, we’re talking about roughly $42,500 worth of stock.  The real question I have is when exactly did they take possession of these shares?

Take a look at this chart…

Quamtel Chart

Now, this stock was dead trading near $0.05.  So what’s with the resurrection of the share price this month?

Given earnings continue to slide, we can’t say there’s a fundamental reason.  For example, for the three months ending June 30th, 2012, QUMI lost just over $1 million.  And the combined six month earnings view shows Quamtel is moving in the wrong direction.

In 2011, QUMI lost $2 million for the six months ending in June… but that’s grown to over $3.6 million this year!

And the news really isn’t good for existing shareholders.  In fact, the share count has nearly tripled from June 2011 (27.2 million outstanding shares) to now.  The share count has ballooned to 73,468,448.

Can you say dilution?

I’d suggest we’re seeing the pumpers at it again. 

It’s pretty obvious, no matter what amazing gains this penny stock is seeing right now, they are very short term.  Trust me… QUMI was trading over $0.71 earlier this year – so a huge collapse can happen again at any moment.

Just make sure you’re not left holding the bag on this one.

Premier Holding (PRHL)

Just as fast as QUMI pumping has resurrected their stock, Premier shareholders could only hope for such luck.  It’s been a brutal ride for them.

Now, the following stock chart is not for the faint of heart and is definitely not meant for investors with a queasy stomach…

Premier Holding Chart

If you didn’t become sick looking at this chart and are still reading, it can mean only one thing… you’re not a shareholder!  Because that’s brutal… the stock went from $1.40 to just $0.18 in under three months.

Here we have a case of pumping gone bad.  Even though Level Stock was paid $10,000 to pump shares of PRHL, the stock hasn’t budged an inch!  In fact, it’s done nothing but fall.  You see, the pumper rolled out their promotions back on August 20th.

Not a very good result for the “third party” footing that bill.

And just think, we warned you about this penny stock pump and dump back on July 11th.  Back then, you could have cashed in your shares for $0.46, more than double where they are right now.

And talk about failed pumping.  Back then The Stock Psycho cashed in for $90,000 – the stock has done nothing but evaporate since.

Without getting too far into the fundamentals, just know Premier Holdings losses are getting larger – up to $1.18 million in the second quarter.  That’s almost triple their first quarter loss of $452,330.

Take this as a great example of why never to listen to paid stock promoters… they’re not at all interested in how well the stock does – unless they’re holding shares they need to dump.  Bank on that!

Boldface Group (BLBK)

Almost making last week’s Friday Alert, there’s no way we can leave Boldface off again.  Simply put, we have yet another lesson as to why NOT to listen to the stock promoter’s propaganda.

Take a look at the following screen grab from the pumper Hero Stocks…

Boldface Group promo

Wow… that’s some crazy pretzel logic there.  My favorite line… “Facebook & Twitter ALONE could all but ensure this tiny stock’s meteoric rise”.

Yeah, sure it will.  But did the pumper give you any info on the stock itself?  Nothing you really need to know.

For example, this company is a developmental stage company formerly known as Max Cash Media.  And how about that reverse merger with Boldface Licensing and Branding… a private company?  Did they tell you about that?  Of course not…

And certainly the pumper didn’t tell you that BLBK has $0 revenue on the books and posted a loss of $59,349 as of June 30th, 2012.

So how exactly is that “meteoric rise” going?  Take a look at the chart and see for yourself…


Meteoric crash is more like it!

BLBK shares just started trading in July and have already been pumped and dumped just as fast.

No matter what pretty celebrities you see on a stock promotion email, always do your own homework – that way you’re less likely to end up watching your investment get burned into the ground.

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.

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!

***Editor’s Note***  Our colleague and friend over at Currency Options Insider released the name of a currency option yesterday that could make your year.  One of his recent recommendations went up 146% in a month.  Click here to see how this guy is doing so well.

Until next time,

Brian Walker

Tags: , , , , , , ,

Category: Pump & Dump Alerts

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.