PUMPs dumpS Red Flagging

New Post Public Reply Private Reply Replies (0) Message Board

Newer Older

Keith Stone

Mar 5, 2012 at 9:57 AM

PUMPs & dumpS

Red Flagging DANGERS In The Penny Market

An IRYS-ponsible Investment

also

Blue Gold Puts Investors In The Red

T he current belle of the ball, at least until AwesomePennyStocks.com releases its new “pick”, that it will be paid to “pick”, is Itrackr Systems, Inc. ( IRYS ). Already starting out as a carefully executed Pump & Dump, IRYS insiders are carefully diluting the float, in organized fashion, rather than just whacking bids. Adding a little cache to the scheme, famed shorter, and probably the Penny Stocks’ most subscribed-for-fees guru, Timothy Sykes, has joined the legion of pimps, having been admittedly paid $100,000 for recommending IRYS to his unsuspecting cheering section. This is the first time we can recall Sykes becoming a paid endorser, but that's probably a result of our senior memories.

IRYS looks to be set-up to make its insiders millions, as the base of the pyramid is still being built with a seemingly strong, albeit temporarily, foundation. As the insiders and those who participated in private offerings are currently the only sellers of significance, that is not a difficult task. You see, prior to the beginning of this P&D, the street held very few shares of IRYS stock. And by few, we calculate about 100K – 200K shares that were held by the public as little as a week ago. Soon, the public will own a whole bunch, all the while lining the pockets of those who have waited for pay day for about two years.

As of today’s opening, IRYS boasts a market cap of $21 million, a little strange since the latest financials (the annuals are now overdue, surprise, surprise) showed the most ever quarterly revenues at almost $232K. Unfortunately, all those revenues did was precipitate a net loss of $205K for the quarter and $461K for the first nine months of the fiscal year. Now the company is down to its last $44K in cash and yet owes $1.6 million.

We don’t expect things to get any better very quickly, as it took several years for the company to get to the point where it was generating these kind of meager revenues. There is certainly nothing here to justify its current market cap, which we expect will get larger before it inevitably and tragically comes crashing down. We parallel this Pump & Dump campaign to Raystream Inc. ( RAYS ), which was subjected to somewhat of a buying frenzy courtesy of many of the same touts involved in the IRYS scheme. RAYS , had three impressive, yet progressively shorter runs, each of which was followed by a crash in share price and then came the end of the scheme resulted in losses for some of 85% and mounting. IRYS will ultimately find its more reasonable market cap as well, but not before enabling insiders to cash out.

T here are fresh shares of Blue Gold Beverages ( BGBV ) for sale, as the first P&D campaign since last December gets under way. As buyers in that campaign currently enjoy 75% losses, we expect this new campaign to be the last one before a reverse split is effected. The story is pretty much the same as we told last December as cash assets are depleted and losses mount. One thing that does perplex us is that net revenues for the year, gleaned from the financials which were just reported, are significantly less than the net revenues for the previous quarter. How is that even possible? As net revenues are exclusive of operating expenses, the only thing we can rationalize is that the company experienced massive returns from its customers, certainly not a good omen for its business. Either that, or the accounts ran out of fingers while cooking the books.

At any rate, with now 700 bucks in the bank, $2.2 million in debt and annual losses reported at $457K, its hard to imagine how this company is worth its current $1.1 million valuation. We think that massive bid whacking will accompany any buy orders that today’s P&D campaign will generate as BGBV appears to be insolvent.

Click here to view our previous alert on BGBV and you will see how spot on we were back then.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Hot Property Alert: Prime Storage Facility Sale in Texas

Investment Gold in Abilene's Storage Sector Diving headfirst into the world of bricks and mortar, the opportunity brewing over in Abilene, Texas, packs a potent punch for anyone keen on beefing up their real estate portfolio with a top-notch asset. We're talking about Spare Feet Self Storage, a slick, Class A self-storage facility, serving the cream of the crop in a...

Event Industry Power 50 Voting Surge Ahead of Close

An Unexpected Wave of Enthusiasm in Event Industry The Event Industry Power 50 is getting some serious action this year. Over 3,500 votes have already rolled in, smashing last year's numbers with days still left on the clock. It seems like folks can't wait to see their favorite event powerhouses crowned at this year's gala, which kicks off October 27 in New York City....

China Automotive Systems Hits Milestone with ASPICE 4.0 CL2

An Automotive Feat in R&D Now here's a story that should make waves across the automotive sector. China Automotive Systems, Inc. (NASDAQ: CAAS), a titan of power steering development in China, has nailed it by meeting the ASPICE 4.0 Capability Level 2. That's a big one, folks. Verified by a partnership between a European automaker and UL, this achievement is no fluke....

Aging at Home: The Real Costs and Obstacles Ahead

Facing the Realities of Aging In Place Alright, let's talk straight. Everyone dreams of staying home in their twilight years, kicking back in their favorite chair with family nearby. But the harsh truth? That comfort comes with a price tag. According to Northwestern Mutual's 2026 Planning & Progress Study, up to 83% of Boomers+ and most other generations fancy the idea of...

Indiana American Water's PFAS Credits Total $25.5M

Indiana American Water Dishes Out Big Buck Refunds Swing by Indiana American Water's latest move, and what do you see? A whopping $25.5 million in PFAS settlement credits being doled out to customers. That's right, this ain't your everyday water utility story—there's real money on the line here. Over four rounds of bill credits since November 2025, customers have seen...

ProClad Unveils Innovative Hybrid 2.0 Cookware

Revolutionizing Cookware: The Launch of Hybrid 2.0 Today, everyone's buzzing about ProClad's big reveal—the Hybrid 2.0 Pan. Now, before you roll those skeptical eyes, hear me out. This isn’t your average bit of kitchen fluff; it’s a heavyweight contender stepping into the everyday cooking ring. What they've done here is combine the muscle of stainless steel searing...

Hilarity and Hassles in NYC Co-op Life Exposed in New Book

Co-op Living: Not All It's Cracked Up to Be Let me tell you something, buying a co-op in New York City isn't just signing on the dotted line and moving in. Nope, it's a whole damn production. Jeff Namian's book, Thin Walls/Thick Ears, lays it all out with a mix of humor and hard truths, painting a stark picture of NYC co-op living. He's not just telling his own story of...

Hiromi Asai's Akatsuki Shines at Paris Fashion Week

An Ode to Tradition Amid Modern Menswear From the bustling avenues of New York to the storied streets of Paris, Hiromi Asai is showcasing something that strikes a chord deep in the fashion industry's soul. Her Spring/Summer 2027 collection, "Akatsuki — Before the Dawn," takes its rare blend of age-old Japanese textile craftsmanship across the pond to the City of Light....

Travelers Turn to Direct Booking Amid Cost Surge

Getting Ahead of the Travel Expense Game Rising fees and tighter budgets haven't persuaded holiday travelers to abandon their plans. Instead, they’re sharpening their axes, looking for clearer paths to their vacation goals without slicing off an arm and a leg. With the cost of travel climbing faster than a runaway elevator, folks are getting smart about where their...

Metropolitan Dermatology's Strategic Expansion into Barnegat

Diving into Barnegat's Dermatology Landscape Metropolitan Dermatology has taken a strategic step by opening a new location right in the heart of Barnegat, New Jersey. Talk about a win-win for the folks in Ocean County. This isn't just another clinic opening up shop; it's about bringing comprehensive medical and surgical dermatologic care straight to the people who need...