Well it's old news by now that the SEC put the "Whoa Nelly" on APS' latest Pump & Dump, actually a re-pump, well actually a re-re-pump of Pacwest Equities ( PWEI ). For once, and we're not sure what triggered the end to the SEC's coffee break, the public was looked after, although not before an estimated $12- 15 million was lost by the street. Still, this early in the game, most of the losses were absorbed by penny stock regulars who were relying on APS' usual ability to bring newbies into the fold. It's time that these piggy-backers experienced the pain that so many new and less savvy traders, the people that APS really relies on to carry out there schemes, experience scam in and scam out. Without the so-called newbies, no traders make money.
So what will APS do next? It appears that they will indeed to do something, as their non-apologetic letter of apology to subscribers today, stated that a new ticker is about to be released. What will it be? Well after they called an audible and repumped PWEI rather than announce the intended pick, Press Ventures ( PVEN ), truly anything is possible. And that's what APS wants: to keep the street guessing. They were not pleased when we prognosticated the intended ticker and set out to prove us wrong. Of course we couldn't care less if we hurt their feelings.
It is possible that APS could repump another old ticker, even recent scheme Xumanii ( XUII ), although it seems unlikely, given that the latest repump was halted within days.
It could also be that APS chooses to come in and do one of their old friends a solid, by helping them out with a short pump, such as the ones they did on VLNX and AWSR . There are any number of attorneys out there who have connections to past APS Pump & Dump campaigns and could be in need of "a favor" for one of their clients. Recently, we presented a slideshow entitled " 5 Attorneys Whose Public Company Clients Are Likely TO Be The Subject Of A Pump & Dump Campaign ". Each of these attorneys have deep connections to past APS pumps and could be just such a beneficiary of APS generosity.
The most likely scenario, however, especially in consideration of the PWEI halt, is for APS to conduct a Pump & Dump on a ticker they control or at least know where the shares reside. PVEN is still a likely candidate, of course, but it is possible that APS would rather forget about that one for now, especially since they've been able to cash in on several millions of dollars in trading without any effort.
We think that another ticker has presented itself as a strong candidate for an APS promotion today and that ticker is Pacific Clean Water Technologies ( PCWT ). With 300,000,000 million shares outstanding following a recent forward split, the share structure is right up APS' alley. Very curiously, PCWT began trading, with immediate volume, just two hours after SEC announced the PWEI halt.
So we take a look at PCWT , not to give you a leg up, but to convince you to stay away from what looks to be a major scam in the works.
PCWT was born from an S-1 filed in March of 2010 by San Diego Attorney, Abby Ertz, a lone-practioner. Ertz is the wife of Pump & Dump attorney deluxe, Andrew Coldicutt.
Andrew Coldicutt and His Wife Abby Ertz-Coldicutt
Coldicutt, is one of the attorneys we list in the aforementioned slideshow and has deep APS ties as he represented former APS Pump & Dump subjects VLNX and CDOI .
Coldicutt also represented PWEI .
Game, set, match.
We'll go deeper into the analysis of the share distribution in our upcoming advisory, but suffice to say that the current 300 million shares outstanding was acquired for a few thousand dollars. Those shares now carry a market cap of $90 million in spite of the fact that PCWT lists assets of $645K against liabilities of $816K. Ridiculous, but very APS.
We implore you to stay away from these shares. The reasons should now be obvious, but we'll remind you that Anti Pump & Dump activist and perpetual litigant, George Sharp, has already initiated litigation against Awesome Penny Stocks and its Pump & Dump subject companies for violation of spam email laws and has already tweeted that he will announce the addition of APS' next "pick" as a defendant immediately after the announcement. More importantly, Sharp's tendency to issue multiple press releases regarding his litigation will raise awareness of the scheme to potential new APS victims and inhibit many from falling for the scheme. APS depends on these "newbies" to be able to carry on their nefarious schemes. Sharp's press releases direct the reader to his website www.awesomepennyscams.com where the performance of past APS schemes is well documented. The publicity generated by Sharp, created serious obstacles for APS, who was forced to carry on the XUII scheme for an unprecedented 14 weeks. The number of wild swings in share price usually experienced by APS Pump & Dump subjects was also tempered by Sharp's publicity. Furthermore, PCWT is located right in Sharp's backyard, making it difficult for PCWT to avoid litigation with jurisdictional issues.
Perhaps even more devasting than what Sharp may be do, could be the actions of the regulators. OTC Markets tagged PWEI with a Caveat Emptor status just hours after that company was announced as APS' "pick". Just four trading days later, the SEC caught participants in the Ponzi-scheme red-handed and halted trading, seemingly in conjunction with a new-found dedication to ending certain Pump & Dump schemes. The Coldicutt connection in both PWEI and PCWT should set sirens wailing. If PCWT is indeed the next APS "pick", buyers may be getting what they are begging for.
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