RHCO, BLEW – Pump And Dump Alerts – June 14, 2012

| June 14, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Readen Holding (RHCO) and Bluewave Group (BLEW).

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”:

Readen Holding (RHCO)

Readen Holding Co. is a venture capital organization investing in companies in the telecom, recycling, food supplements, and entertainment industries.  RHCO has not filed with the SEC since 2000.  As of their latest financial report, Readen had net income of $136,064 on $1.2 million in revenue.

Even though this company appears to turn a profit, at least one shareholder is attempting to manipulate the stock through paid promotion.

This penny stock trades near $0.20.

Penny Stock Exploder was paid $50,000 by ST Trading to tout shares of RHCO.   

Bluewave Group (BLEW)

Bluewave Group is a music, technology, and sports entertainment company. BLEW plans to target multiple demographics with a specific focus on the lower disposable income market. The company was formerly known as Cape Cod Aquaculture Corp., and changed its name to Bluewave Group in February 2010.  BLEW also terminated their SEC registration in March of 2012.

Currently, shares of this penny stock trade around $0.006.

Hot Stock Profits was paid $10,000 to pump shares of BLEW.

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.