Gold is still a captivating thing to most people, the way it was back during the Gold rush in Alaska. However, all that glitters is not gold, even with businesses that claim to work in the gold industry.
Pumpers have left Liberty Gold Corp. (OTC:LBGO) alone for a while and now are touting the stock again. In a widespread campaign worth a cumulative total of more than $100 thousand, various paid promoters are telling you that you can profit wildly with this stock. But is that really the case?
The previous round of pumps for LBGO which managed to obliterate about 60% of the stock price, was not just abysmal in performance, it was also based on news about LBGO that may well be untrue. The company announced receiving a loan amounting to $15 million from a American Gold Holdings, Ltd. Unfortunately for investors, information on the loaner party cannot be found on the Internet, which may strike some as strange.
LBGO is a company that is operated and managed almost single-handedly by a Ms. Lynn Harrison – a woman of many talents who is CEO and sole board member of the company. Investors may want to know that the same Lynn Harrison, in keeping with her diverse and gifted persona, served as President, CEO, CFO and CAO of Bonanza Gold Corp. in 2010. The chart of Bonanza is more than indicative of Ms. Harrison’s ‘stellar’ abilities.[BANNER]
The company also doesn’t seem to care much for its public image or keeping its investors informed since LBGO’s website won’t load no matter how many different browsers you may try. LBGO has not generated any revenue over the last year and is luring investors in with more promises.
One of the pumper parties, Penny Stock Circle, is also known as a promoter whose picks often end up with disastrous results. Two such cases are the pumps of GBEN and GWBU, the aftermath of which is seen on the charts.
Potential investors would be wise to do their own research and be very thorough with it, especially when it comes to companies that are the target of paid pumps such as this one.
