Are Awesome Penny Stocks Making a Return Through The Pump of US Tungsten Corp. (OTCMKTS:USTU)?
Back in October 2013 arguably the most influential pump newsletter that operated in the pennystock world – Awesome Penny Stocks (APS) were forced to shut down their operations. APS first promised to retire during the pump for Xumanii International Holdings Corp (OTCMKTS:XUII) that took place in July. ALthough they failed to bring XUII above $1 per share as promised but decided to completely forget their words of retirement.
Still just three months later they were forced to do it after the SEC suspended their next two pump targets – PacWest Equities Inc (OTCMKTS:PWEI) and Pacific Clean Water Technologies, Inc. f/k/a Unseen Solar, Inc. (OTCMKTS:PCWT). So, why are we returning back to it now? Well, that is because back then only APS and just one of its affiliates – Penny Stocks Expert were shut down.
And after a brief period of silence they are back in business through one of the existing outfits – PennyStocks.com. Before we move on to their current promotion take a look at the charts of PWEI and PCWT who have fallen to double and triple zero ranges after resuming trading on the grey market.
On January 15 came the first email alert from PennyStocks touting the company US Tungsten Corp. (OTCMKTS:USTU). It revealed that a budget of $150 000 has been set aside for the campaign and that PennyStocks have been hired for a whole month of “marketing and advertising services”. The email didn’t contain much information about USTU but reminded us that the company was able to reach $0.70 in 2013.
Although that certainly is true and USTU really managed to climb that high in February last year PennyStocks conveniently failed to mention that the rise in share price was only possible thanks to another paid pump. When the touts stopped coming USTU crashed horribly wiping more than 50% of its value in just 3 sessions.
Currently the company has no operations as they have still not completed the geophysical survey they are doing at the Calvert Project site in Montana. The latest news they announced dates back to November 26 when USTU said that around 50% of the study was completed.
It should be obvious by now that USTU is an extremely risky choice for investment. The effects of the pump are starting to influence the stock with a massive increase in traded volume and 28% gain in price bringing it to $0.17 in yesterday’s session. Any decision should be made only after doing serious due diligence and more importantly the company should be regarded as a pump play only.