You might have read my long ass blog post detailing why Genova Biotherapeutics, Inc. (GVBP) is one of the worst companies I have seen in my decade-long career as a trader and why I shorted, but because I know most penny stock traders & investors can’t handle complex concepts/analysis, I figured I’d simply things with the facts and a short video:
-GVBP paid $75,000 for 3 patents they claim will lead to hundreds of millions of potential cancer cure revenue
-GVBP said (in the same SEC filing that most penny stock people don’t know how to read) they acquired the 3 patents not because of any report or opinion but because the patents were in a popularly-financed niche of cancer research
-GVBP was a travel company last month…seriously
-GVBP has less than $50,000 in cash to develop their cancer cure and they don’t expect to raise $ anytime soon.
-GVBP or some shareholder has paid stock promoters hundreds of thousands of dollars to send out emails by the dozen, just like former pump & dumps like UOMO, CVRG, CGCA, SPNG, the list could go on forever, ALL of which have dropped 50% or more within a day or two once the dump is on.
-In my expert opinion, there is a high probability the SEC will be contacting GVBP soon, if they haven’t done so already…the press releases are just too exaggerated & the stock price manipulation too blatant…if the stock gets halted, it will get crushed when it re-opens, if it re-opens at all.
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They had another fluffy press release after the market close and promoters will surely do what they’re paid to do, promote whatever the company tells them to because they’re getting paid hundreds of thousands of dollars to be spammer puppets, whether it’s accurate or not…TIMalert subscribers will know my thoughts on tomorrow’s price action.
Posted in Manipulation