You know how politicians make sensational promises and then they fail to deliver? The next move they make to save face may be free concerts or publicized visits to boarding houses for disadvantaged children, which in the end amount to nothing but gullible voters often take the bait.
So you may be wondering what the deal is with yesterday’s Delta Oil & Gas, Inc. (PINK:DLTA) pumps by various parties, including StockLockandLoad, StockRockandRoll, PennyStockLocks, ResearchOTC and StockBomb.
The same circle of promoters ran pumps with no compensation before, and all of those have been for companies that were practically dead to traders, with next to zero activity before the pumps. Looking at previous unpaid pump efforts for companies like DCLT and ADLI, the “action” those stocks got can be seen on the charts. Whatever trading happened before the shares crashed back down was completely artificial and caused by the “selfless” promotions of pumpers.
The situation with DLTA is not much different. Even though the stock budged up a little over yesterday’s trading, it’s been close to dead for months back. There are no new and exciting developments around the company and the pumps don’t even try to make it look as though there were any.
Such admirable free promotions are a nice way to cover up the real mess that follows paid pumps. The same pumpers munched on some hefty compensations from third parties for promoting companies that crashed spectacularly as people who don’t read disclaimers bought in on the hype.
StockRockandRoll have been compensated a total of $45 thousand to tout KALO and LBGO. Just looking at how those companies crashed post-pump may give you heartburn.
DLTA itself is a stagnant ordeal. While pumpers tell you the company generates revenue from ten oil wells, DLTA’s latest 10-Q reports Q1 revenue of a mere $126 thousand, which after subtracting costs and expenses turns into a net loss of $104 thousand for the period.
Honeyed words and seemingly selfless effort by pumpers may lure in the trusting and the overly eager. However, traders are advised to do their due diligence on both companies and promoters before they decide to dip into the latest pump.[BANNER]
