On Friday, Research Driven Investor, publisher of several of the more followed newsletters, including Penny Stock Scholar and Research Driven Alerts, begins pimping Global Resource Energy, Inc. (GBEN) for the third time. GBEN is a Canadian scheme that is mostly in the business of lining the pockets of its insiders.
RDI is using its immense powers of persuasion again, as it seems to be the pimp best able to convince pigeons to come to roost. And it seems that someone knew that Friday's Pump & Dump was coming, as Thursday's volume shot up to 1,437,055 shares, a considerable increase and taking the share price up 62.5% in concert. Expect all that stock to be sold into Friday's P & D, along with a bunch more insider shares. We'd be shocked if the stock didn't close considerably in the red.
With Friday's endeavor, GBEN is to undergo its 5th P & D campaign in 6 months, underscoring the amount of insider stock yet to be spread around. A look at the chart below, illustrates just how little the sellers care about the price they get for the stock. After all, they can always print more. The relentless selling has devalued the company's market cap, and with it the investment of many bag holders, by as much as 94.4%, in just that short period of time.
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