The Great Wall Builders Ltd. (OTC:GWBU) story is getting really old, but there are still pumpers getting paid a lot of money to for ridiculous attempts to inflate the price.
It seems some people got stuck with some GWBU shares. Penny Stock Circle got $205 thousand to pump GWBU last week. It worked, for a day, then the price resumed its course and on Friday the price reached a new low closing down another 31% at $0.10 per share.
Stock Mister was paid $130 thousand and tried to pump GWBU on Thursday and Friday. Despite all signs to the contrary, the pumper tried to tell the subscribers GWBU could rebound and could reach its previous highs.
GWBU did get a lot of volume, but people just aren’t buying the whole story anymore and there are good reasons to make that choice. After the July 5 announcement of a supposedly successful testing, the company has elected to remain silent. The promised 8-K for the fabled EURO 40 million bank guarantee confirmation hasn’t been filed, either.
To spare people the effort – the market cap of GWBU at $0.10 per share is about $36 million. The company hasn’t provided proof it has anything worth that much. The resignation of the auditors and the non-reliance on previous financial reports pretty much destroyed what little solid information investors may have thought they have.
What GWBU has shown is promises it hasn’t kept, optimistic press releases, a supposedly new technology which was previously pushed by another company which tanked, and one of the ugliest pump jobs for 2012.
