SMEV, FEWP, IDGI, BGBV – Pump and Dump Alerts – June 24, 2011

| June 24, 2011 | 0 Comments

Pump and Dump AlertsWelcome 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 don’t know how these scams work, be sure to check out this free report that exposes the whole thing.

Without further adieu, here are this week’s disasters waiting to happen:

Simulated Environmental (OTC PINK: SMEV)

SMEV manufactures a thing called the Spa Capsule.  This is a machine that’s been referred to as a “Robotic Clam” and you know what… it actually looks and operates like one!

But it’s really a massage and aroma therapy machine with a video game all built into one! After watching and listening to it in action, it came to me this was more like a human carwash and meat pounder.

Unbelievable as it may sound, SMEV actually has sold a few units of this product. I know, a real shocker right?

Here’s the story…this product will help you lose weight, reduce cellulite, and even sleep better – all unproven to date.  And if I haven’t sold you yet, perhaps I can interest you in a “clam” of your own for $20,000 – $30,000.  How’s that pocketbook massage going now?

But there’s even more …

The company is showing a net loss of $1.3 million dollars and total debt is over $780,000.  Unimpressive numbers to say the least.

Investors were recently duped into trading over 19 million shares of this scam-clam.  Quality Stocks received 5,000,000 restricted shares and $5,000 in cash to push this bowl of rotten chowder.

Far East Wind (OTC PINK: FEWP)

FEWP’s plan was to build wind farms across China.  And, in a world where energy costs are skyrocketing, it sounds like a pretty good idea to me.

But it might have been smarter to throw the dart at a target closer to the US.  This puny company has big ideas, but not nearly enough cash to take on a project in China.

So, it’s not surprising they tossed away $321,000 on executive salaries helping them to accumulate a net loss of $1,462,480… hardly a drop in the bucket!

The stink was blowing enough for the director of the company, Marcus Laun to resign in April 2011.  What’s worse, they recently admitted, “there’s substantial doubt the company has the ability to continue.”

Looks like all the hot air has been blown… well, almost. was paid $4,000 for the sake of trying to resuscitate these geniuses… may they rest in peace!

Inca Designs (OTC PINK: IDGI)

These clothing designers have a whopping one store in the lobby of a hotel in Miami, Florida.  World class effort, don’t you think?

Well, it makes sense to locate in a hotel lobby because they make resort style leisure wear and swim suits.

Now, I like to see what these companies do or make, so I checked out their website. It looked sort of interesting, but it was written in Chinese… and pictures made it look like they were selling restaurant supplies or tea bags or rice.  Not sure.

Well, after pushing past their wide section of leisure wear, I peeked at their financials… they were equally unimpressive!  IDGI’s latest reports show a net loss of $251,000 and $4,397 in the bank.

But it gets worse…

The kiss of death is their “going concern” statement, revealing they had substantial doubt the company would continue. was also in on this last ditch effort by snagging $5,000 from Ocean Inc., a third party pusher.

Bluegold Beverages (OTC PINK: BGBV)

Here we go… another company selling the healthiest water on the planet!  Even better, you can pick up a non-alcoholic wine cooler or a Pit-Bull energy bar while you’re at it.

Now if that business plan comes up short, how about going into the plastic and nylon recycling business?

Hard to believe, but BGBV has all of these money makers under one roof.

But things aren’t going so well.  They’re reporting a net loss of $1,000,000 and have $6,500 in the bank.

It’s no surprise BGBV is still stumbling around looking for ways to make money.  Perhaps they might recycle themselves and take a stab at something else!

Hotpennystocks, was paid $25,000 by a third party, Quebec Inc. to push this watery delight.

A final word (and warning).

So that takes care of a few of this week’s inglorious “pump and dumps.”

Remember, there’s 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

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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.