UPDATE: This post was all written a few weeks before the Coastal Pacific Mining Corp (CPMCF) paid pump, but that didn’t stop this latest pump from employing the EXACT same strategy as pumps of the past…absolute morons…I won’t debate “the science” behind BuyIns.net as they’d inevitably claim they have sophisticated software/algorithms to detect how many shares are short on any one of “their clients”, but their word means about as little to me as DoublingStocks.com which claim computer geeks pick the stocks but when you read and LOL at the hard-to-read disclaimer, you see their “picks” are actually just paid pumps…which is why I focus on the disclaimer used by BuyIn.net “clients”, read the CPMCF press release which looks to have been paid by a promoter or shareholder, not CPMCF:
A third party has paid $1,667 per month to purchase data to be provided in six monthly reports. CPMCF has not approved the statements made in this release.
Also interesting to note is that BuyIns.net has gone up in price from $995 per month to $1,667 per month and the promoters, shareholders and companies gladly pay because they think it will squeeze short sellers…the irony is that anytime I or any other short seller with any intelligence greater than the Neanderthals who run these companies/promotions see a “SqueezeTrigger” press release, it doesn’t scare us, read the title, IT ENCOURAGES US TO SHORT SELL MORE!
Just about every company that has ever issued these SqueezeTrrigger press releases or their shareholders or promoters issue press releases, whatever, has dropped 90%+ in the next few months, making these a GREAT short selling indicator. If I could, I would short the heck out of BuyIns.net, the company and their revenue and any of the owners’ mortgages because they are promoting a service that works in the exact opposite way their clientele expects….truly one of the best jokes in recent memory, thanks BuyIns.net for providing the punchline!
This past weekend, doing some research on behalf of some $200,000 promotional pumping mailer and their $300,000 pumping mailer too) and saw this beauty of a PR “BUYINS.NET Updates CrowdGather SqueezeTrigger Report”subscribers, I was casually looking at some recent press releases of the blatant pump CrowdGather Inc (CRWG) (still not convinced, see the evidence with their
The article said blah blah blah, which has been purposely deleted as anything said is nullified by the disclaimer “CRWG has paid $995 per month to purchase data to be provided in six monthly reports.”
As of the date of this blog post, I have been only somewhat right about CRWG as its tanked roughly 40% from $1.75ish to $1ish since I’ve been exposing them as a pump (the CEO refuses to debate me despite my many offers, which is ironic given that his company and shareholders have have paid for exposure with tens of thousands, even hundreds of thousands of dollars and shares to other media outlets and yet my little media outlet has greater viewers than all of them…actually I still don’t know if Michael Arrington of TechCrunch was paid to feature CRWG or if it was just penny stock ignorance there) and hasn’t dropped the 90%+ I was expecting…so far.
But when I read this press release, my confidence in Crowdgather’s demise has grown as I thought back to similar press releases from similar paid-for pumps like Mesa Energy Holdings, Inc. (MSEH) and NXT Nutritionals Holdings Inc (NXTH) both of whose CEOs publicly attacked me (MSEH put me in an SEC filing while NXTH’s CEO blamed his stock’s drop from $3 to $2 on short sellers like me, slurring my name on Huffington Post)
Remember MSEH’s CEO even talked about the hiring of BuyIns.Net with The Dallas Morning News, saying “When Sykes’ blog posting went up in late March, Mesa’s advisers suggested it hire an Internet firm, Buyins.net, to spotlight the short sellers’ positions in Mesa shares. Buyins.net, which cost Mesa $995 a month, found the number of Mesa shares in “short” positions – meaning the trader bets the shares will fall – rose tenfold in just a month. The reports show that if shares of Mesa continued to rise, the short sellers would get “squeezed” out of their positions.
…evidenced nicely by press releases aimed at publicly blaming and squeezing short sellers like THIS and THIS, despite the stock’s rather perfect drop was caused entirely, if not mostly, by company insiders selling more than 6 million shares as the CEO played dumb.
Now that the SEC is investigating Mesa Energy, I wonder just how dumb the CEO Randy Griffin is “playing”.
And NXTH had a similar BuyIns.Net press release entitled “BUYINS.NET: NXT Nutritionals (NXTH) Has Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days.” apparently trying to blame/scare short sellers…look at their longterm chart and see if it worked:
The reality is that no matter what the pump does, whether hiring Buyins.net or bribing or taking advantage of penny stock ignorant media outlets, they can’t escape the fact that they’re a blatant pump and will end under 5-10-20 cents/share within a few weeks/months.
Nice try Sanjay/Crowdgather; I look forward to short selling your carcass of a stock even more now