Pump Blasts National Health Partners, Inc. (OTCMKTS:NHPR) In The Sky

NHPR_chart.pngThe stock of National Health Partners, Inc. (OTCMKTS:NHPR) was virtually dead for quite some time, as it barely made any movements in price and traded not too often. Still, things changed quite a bit in Friday, when NHPR made a huge jump on a big volume.

This is most certainly the effect of the paid promotional campaign that started on February 13. Now this is where it becomes really messy and the major red light starts to blink. A penny stock company called Crown Equity Holdings, Inc. (OTCMKTS:CRWE) owns several promotional newsletters who were compensated for NHPR‘s promotion.

And you think that it is really a common practice in the OTC markets and there isn’t really anything special. However, these guys didn’t even try to cover up the deal and it’s pretty obvious what is happening to investors who take their time and don’t rush in buying on paid promotions.

The deal is that CRWE were compensated 3 million shares of restricted common stock and 3 million shares of free trading stock for a 6 month coverage of NHPR. What is for sure, is that they will do the best they can to pump up the price of NHPR, because they have a major profit from this.

And even though the situation is so obvious, Valentines Day was a blast for NHPR, who gained a massive 816% on 40 times the stock’s average volume. As the ticker went on to close at $0.044, we saw a massive 4.2 million traded shares that generated $222 thousand in dollar volume.

568LOGO.pngAlso, the company doesn’t really seem to have any operations at all, as the latest press release that is available is from March 11, 2013. The last financial report on record is also old and covers the period ended September 30, 2012.

Furthermore, the company website domain name seems to be expired and the main page is full of adds, from hosting ones to promoters’ newsletters. On top of that, there are quite a lot of people calling this a pump and dump on investor forums and even some that say they have reported David Daniels, CEO of NHPR, to the SEC.

1ECOB_chart.pngConsidering all the facts, NHPR is one of the riskiest stocks out there and there isn’t really anything good to be said about this ghost company. The only thing that it seems to be doing business with is its stock, so we would advise you to proceed with caution, if you are even having thoughts of making a play with NHPR.

One of the other big gainers in Friday’s session was Urban AG Corp. (OTCMKTS:AQUM), who gained a massive 150% in value. Eco Building Products, Inc. (OTCMKTS:ECOB) on the other hand were not so fortunate and slid 38% down.

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