EWRL made some huge gains in the last several sessions. Did you reap any benefits, though? Probably not, because EWRL has been artificially pumped for more than a week now so unless you are an insider in this game you will hardly earn a thing.
Although greedy pumpers did their best to scare the hell out of investors holding interest in Green Energy Renewable Solutions, Inc. (PINK:EWRL), the pumping is far from over. Rather, the campaign is still gathering pace and if you have not figured it out yet, beware!
A total of $650 thousand were spent on promotional activities in favour of EWRL stock last week implying it was a one-off adventure. As a result, EWRL yielded a couple of spectacular gains, only to be utilised by the players standing behind the promos. Now, they have made one other attempt to induce a short squeeze among investors holding short positions in EWRL, which will in turn trigger yet another price appreciation.
As much as investors always welcome positive market movements, do not be misled into thinking that EWRL’s surge is induced by any business success the company might be enjoying. In fact, such success is nowhere to be seen and if you take a look at EWRL’s financials, you will definitely know what we mean. Prior to the first calendar quarter of 2012, the company had not generated a single cent in revenue for the last three years on record. Yet, CEO Joe Durant and VP Frank O’Donnel are both paid $7,500 per month, and CFO Gerry Shiren is accepting a monthly compensation of $5,000.
According to the company’s latest 10-K report, the executive officers mentioned above had no formal agreements with the company, which obviously did not stop them from getting paid anyway. Are these amounts justified in the light of the company’s financial results? Just think about it the next time you bet your money on an air pump like EWRL.
