Hilarious Pump for Gold Dynamics Corp. (OTCBB:GLDN) Goes Strong
Stock promoters would say anything about any company, as long as they get paid. The last volley of tout emails pumping Gold Dynamics Corp. (OTCBB:GLDN) is a similar case.
The pumping started on May 5, with two outfits sending alerts on GLDN. The company was last pumped in December last year, so obviously four months in a row without a stock promotion was long enough. Micro Cap Digest and Phd Trading dot com sent several emails touting GLDN over the weekend and the contents of the pumps were nothing short of delusional.
The promoters are urging their subscribers to start researching GLDN as it’s supposedly a company with “strong fundamentals”. We took a brief look into GLDN‘s most recent financial report – a 10-Q for the period ended January 2013 and saw the following numbers:
- ZERO total assets
- $74 thousand in current liabilities
- ZERO revenues since inception
- $7 thousand in quarterly net loss
Clearly, very ‘strong’ figures right there. Given that GLDN is a development stage mineral exploration company, traders may get the impression that whatever promise the company may hold, it lies in their Hoyle North land claims. GLDN were kind enough to post another press release concerning the Hoyle North property just yesterday, announcing an extension to its option to the property. Sadly, the agreement for the Hoyle option quoted in the press release and allegedly dated February 28, 2012 is nowhere to be found in the company’s filings and the name “Hoyle” does not turn up in any of the company’s filings over the last 12 months. GLDN‘s press release from yesterday morning claims that the company conducted ‘extensive’ tests, including soil and airborne surveys. How those were paid considering the company has been completely cashless for years is not too clear.
GLDN executed another shift in its board, appointing Mr. Tie Ming Li as president once more. Mr. Li stepped down from the post to vacate it for Gary Kirk. Yesterday the situation was reversed, with Mr. Kirk stepping down to reinstated president Mr. Li.
The promoters at Micro Cap Digest disclosed $25 thousand in compensation to tout GLDN. Their pumper track record is relatively short but it opened with promo disaster Smack Sportswear (OTCBB:SMAK) in December 2012, the aftermath of which can be seen on the chart to the right.
Investors are advised to do their own due diligence and research before investing in any stock, especially when a third party decided to pay thousands of dollars to advertise it.