UPDATE: The SEC halted this stock just 2 days after BestDamnPennyStocks.com, who was paid to promote this thing, sent out tons of emails talking about how good the company was…whoops, busted! $10,000+ in trading profits while members of BDP’s free newsletter lost hundreds of thousands of dollars…now you see why good information costs a bit, but it can save you thousands of dollars vs. bad information…welcome to penny stocks.made
As I wrote in this well-researched and fully linked blog post, EMGE is nothing but the latest blatant pump & dump, likely to drop substantially as the pump turns into a dump or get halted completely if the SEC halts this stock like they did GVBP. BestDamnPennyStocks.com is one of the many stock promoters bribed hundreds of thousands of dollars to pump up the stock price of EMGE.
Exactly like the prior pump & dump on GVBP, these stock promoters are paid to advertise the companies which they’re paid to advertise/pump, so they don’t care about what they say and often lie because they think there’ll be no consequences.
BestDamnPennyStocks.com is about to learn why lying is bad and I’m gonna make it my mission to point out all his lies…a full-time job in itself considering this stock promoter is one of the most dishonest, if not the single most dishonest, of all stock promoters.
Download a PDF version of this post.
Below are some points in his late Friday email to his subscribers (the only reason why the stock rebounded from the low $2s to the low $3s as the promoters don’t want the SEc on their asses so they can’t let their pumps dump too quickly or else too many people complain and the stock gets halted…just like GVBP. Those mistakenly believing they’re getting a deal by subscribing to BDP’s free newsletter (ANY free newsletter is not a good deal, they want to sell your email, rent your email out or hit you with misinformation) should understand you’re just a pawn in this stock promoter’s manipulation scheme. He doesn’t care about you, neither his picks nor his research is accurate, let alone truthful, because he gets paid to pump penny stocks. The more free subscribers he has, the more $ he gets paid to pump. Understand that yet you friggin suckers and degenerates?
Check out the disclaimer:
BestDamnPennyStock’s affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. BestDamnPennyStocks.com owners may or may not hold positions in the companies that are profiled. It should be assumed that the owners of BestDamnPennyStocks.com own positions in companies profiled and may buy or sell at anytime before during or after Investor Realtion services. BestDamnPennyStocks.com affiliates, and friends and family of BestDamnPennyStocks.com may have a position in such securities. The position may have been acquired prior to the publication of any website information or email alert. You should also be aware that the aforementioned parties do have the right to sell their positions at any time without further notification. Any opinions expressed are subject to change without notice. BestDamnPennyStocks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and BestDamnPennyStocks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. BestDamnPennyStocks.com expects to be compensated $150,000 cash from a third party RLJ Holdings for an EMGE investor relations service. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed apocryphal. BestDamnPennyStocks.com, nor any of its affiliates are not registered investment advisers or a broker dealers.
In the email he sent out, BDP claims it’s the short sellers fault for this pump & dump dumping mid-day Friday…this excuse is worn out, but it’s actually very normal…people fear what they don’t understand. The numbered statements below are what this huckster says is the reaosn EMGE tanked exactly 50% intraday Friday:
#1 There is no borrow on EMGE to short which means these market makers illegally shorted shares of EMGE. This does in fact happen its called naked shorting.
BLATANT LIE: There were shares of EMGE to short and my trade was verified by Covestor, where I’m still #1 out of 30,000+ traders…BDP, why don’t you show your trades in a transparent manner? Even if you did, I’d guess you’d be near the bottom of those 30,0000 trades.
BestDamnPennyStocks.com is just a big fat liar (penny stock companies should be careful when doing business with such liars) andhad plenty of shares at various times during the day and we profited nicely. BDP, you little bitch, look at my trades, copied and pasted from my account page:
9/25/2009 8:34:18 AM WBT SOLD -1,500 EMGE @3.88 ($8.95) $5,820.00 $58,208.35
9/25/2009 8:34:19 AM WBT SOLD -2,500 EMGE @3.88 $0.00 $9,700.00 $67,908.35
9/25/2009 10:31:06 AM WBT BOT +500 EMGE @3.20 ($8.95) ($1,600.00) $66,299.40
9/25/2009 10:31:17 AM WBT BOT +500 EMGE @3.20 $0.00 ($1,600.00) $64,699.40
9/25/2009 10:31:23 AM WBT BOT +500 EMGE @3.20 $0.00 ($1,600.00) $63,099.40
9/25/2009 10:31:29 AM WBT BOT +500 EMGE @3.20 $0.00 ($1,600.00) $61,499.40
9/25/2009 10:31:29 AM WBT BOT +1,000 EMGE @3.20 $0.00 ($3,200.00) $58,299.40
9/25/2009 10:31:29 AM WBT BOT +1,000 EMGE @3.20 $0.00 ($3,200.00) $55,099.40
9/25/2009 2:36:00 PM WBT SOLD -4,000 EMGE @3.13 ($8.95) $12,520.00 $67,610.45
I am not a naked short, and I doubt there are ANY naked shorts in this aswere finding shares all day long….the shorts are perfectly legal, unlike BDP’s pumping and dumping (this guy got paid to make EMGE look as good as possible, no excuses…like any actual facts like this company having only $90,000 in revenue, the CEO being the CFO and treasurer, unaudited financials (even as pitiful as they are), some “third party” paying $375,000+ to various promoters to get the stock up (geee, maybe to sell into that buying??!?!! Pump and dump little children, pump and dump!)
#2 They did not understand that EMGE was profitable and will not have to dip into the outstanding shares to dilute and raise money for the company. So 1.6 million shares is all there is in the float.
#3 Right now we believe these firms are short more shares than in EMGE’s float!
#4 The only way they have a chance is if they get panic shares from investors. Even then I do not believe they could win.
BLATANT LIES: The SEC look into BDP’s trading accounts and those of his friends and business affiliates, my guess is they’ll find these guys selling their shares they bought pre-pumping. The SEC would find no such inconsistencies with me because I run an honest business. EMGE IS profitable, by $20,000 on revenues of $90,000. Meanwhile they doubled the # of shares outstanding from 10 to nearly 20 million in the last few months.
They are in a lose situation right now and are just trying to soften the blow…notice when they start buying back everything lifts at ease so they must stop. They got to Buy back though!
All this is opinions from my observation and from my investegative team. We believe them to be true but could be wrong.
BLATANT LIES: BDP has no “investigative team”, it’s just one guy taking bribes from the worst penny stocks in the world…he’s been in the business long enough to know EXACTLY how this game ends, the same way ex-pump & dumps like UOMO, CVRG, HYHY, KYUS, GVBP, SPNG, VRAL and dozens more…ALL drop 90%, go bankrupt or get halted by the SEC.
This above misinformation are just some of the reasons (know ALL the reasons) why I re-shorted EMGE late yesterday at $3.13 and I’m very glad to be short as the stock promotion fueled buying dies down and the ugly truth is revealed.