Bullfrog Gold Corp. (OTCMKTS:BFGC) Plagued by Pumpers
Last week the stock of Bullfrog Gold Corp. (OTCMKTS:BFGC) was constantly climbing higher and higher. The ticker opened at $0.25 on September 30 and finished October 4 closing at its intraday high of $0.32.
Then came the pumpers… The first email touts came from JetLife last Friday for apparently no compensation at all and not surprisingly had very little effect on the performance of the stock.
Then TooNiceStocks jumped in early in the morning on Monday with disastrous results. That day more than 6.5 million shares got dumped on the market, an all-time record for traded volume, and BFGC lost a fifth of their value. TooNiceStocks disclosed that they have received $100 thousand for this service and are expecting another $200 thousand. But after the dumping fiasco have now gone silent.
Their place was immediately taken by the affiliates of Stock Appeal – Hero Stocks and Liquid Pennies. They bagged the significantly lesser sum of just$20 thousand but the outcome was nearly as tragic for the shareholders of the company. Another 3.8 million shares got traded and another 16% of the price per share wiped leaving BFGC at $0.20. The latest addition to the campaign are the various affiliates of MJ Capital – StockBomb, StockLockAndLoad, PennyStockLocks.
In a move not often seen in pennyland BFGC decided to acknowledge what was going on around their stock and an hour before the opening bell today released an official statement. In it they specifically target the emails sent by HeroStocks and deny any involvement or knowledge about the actions of the pumper. In addition they said something we very well know – the statements made in the pump emails are exaggerated or inaccurate. Why they chose to ignore all the other newsletters that have been praising their stock is not clear.
As a pennystock mining company BFGC is a risky choice by itself and now with the added pressure from all the artificial hype trading their stock has become even more so. Be sure to do your own due diligence and verify everything you see in the touts that have been flying around.
Two of the other active pumps at the moment also suffered losses during yesterday’s session. Pacific Clean Water Technologies, Inc. f/k/a Unseen Solar, Inc. (OTCMKTS:PCWT), the current pick of the notorious Awesome Penny Stocks, tumbled by just 4% to $0.26 per share while the stock of Cloud Security Corp (OTCBB:CLDS) got hit much harder and dropped for a second day in a row going down to $0.54.