Whisper From Wall Street With A Reminder About Inscor Inc (OTCMKTS:IOGA)
The pump for Inscor Inc (OTCMKTS:IOGA) is well and truly on. Yesterday, Whisper From Wall Street, along with affiliated newsletter, OTC Stock Exchange gave up their Sunday to write a few words about IOGA and they even woke up early today just to make sure that there’s another email in our inbox for good measure. This means that after keeping quiet for almost three days, the usual service from the newsletters is resumed. Even so, we feel that they are not the main cause for the relatively solid performance that IOGA have been displaying lately.
That said, it’s not been all plain sailing. While the overall gains since the first emails flew in on February 28 amount to more than 1000%, there were a couple of nail-biting days at the end of May when the ticker lost around a quarter of its value in just a couple of trading sessions and for a moment some people even started thinking that the whole campaign is over. IOGA did manage to recover, though, and there is an explanation for this as well.
You see, if you rely on the paid newsletters alone, you would probably think that the whole pump is relatively small and you would assume that the steady behavior of the ticker is due to the fact that they might be onto something. You might even consider a long-term investment. Before you do, however, you should be aware of the website that has been set up for them. As we mentioned in our previous articles, it’s full of overly optimistic claims about the future growth of IOGA as well as a video in which a person explains that the US Government is in quite a mess.
A little bit of awareness never hurt anyone, however, when you break out the magnifying glass and read through the fine print at the end of the page, you will see that the people who made the website received as much as $2 million as compensation for their efforts.
A quick look up on the domain under which the website is hosted reveals that it was registered on May 29 which, especially having in mind the colossal budget, means that it will probably remain active for some time. Does that mean that IOGA‘s behavior will continue to be as solid as it has been and if it does, how long will it last?
Unfortunately, nobody is able to give you an answer to that question with a reasonable degree of certainty. We’ve covered our fair share of long-lasting pumps and one of the most stubborn promoted penny stock in the recent months was Goff Corp (OTCBB:GOFFE). At $1.5 million, the budget was not quite as colossal as the one for IOGA and the third parties decided that a hard mailer campaign would be a better choice for dissemination of the rather ludicrous claims, but the fact remains that it ran for the better part of a month. At no point, however, was anybody able to say for sure when will it crash. But crash it did, and it left a huge amount of disappointed investors behind.
So, what are the differences between GOFFE and IOGA and is there anything to suggest that the latter is going to be the miracle that investors have been waiting for? Some of you might say that unlike GOFFE, IOGA have generated some revenues in the past and you might also argue that they have a net income, which is not something you see every day. The fact remains, though, that less than $300 in profits for a full quarter won’t be enough to stop them from sliding down.
Apart from the fact that the current campaign is nothing more than a pump job (and we all know how those end up), we see some additional red flags around IOGA and more specifically, around the people who currently run the company. If you have read through our previous articles, you will probably know all about the things we managed to find about the current Chairman of the Board, Mr. Keith McAllister and the Vice Chairman of the Board, NBA star, Dominique Willkins. We reckon that having them in mind before making any investment decisions is a good call.
