4324 days ago
I shall not name this British businessman. You can work it out for yourself but this is a lesson for those who think that if you have a million followers on twitter that makes you a big swinging dick. Nope, it might just be that you are a vain prick who pays a lot of money to buy followers. Buy followers you say? Yup it is perfectly possible. Just go to an agency, write a cheque and you get stacks of followers. Tell the agency how many you want and get your cheque book out. It’s simple. Nearly all the followers are bots so it is not as if anyone actually cares what you have to say it is just that some folks will think that people care what you say.
According to TwitterCounter.com, this businessman had less than 600 followers on 21st October. Thereafter he gained exactly 11,147 per day until 21st December. From then until January 10th he showed an increase of exactly 24,124 followers per day. Since then ( one assumes the contract is over) he has lost exactly 1,467 followers a day.
What does this tell you? A) That the number of twitter followers someone has tells you nothing about how clever, funny or admired they are or how long their penis is. B)
4331 days ago
I have written a number of times about how UK websites you are meant to trust like MoneyAM and UK-Analyst (and now Digital Look has also trundled along the walk of shame) have been accepting money to send their loyal readers a promotion for US OTC stock Harmonic Energy (OTC:ASUV) stating “This is the one stock you must buy now” and suggesting that gains of 3,200% are possible. In very small print on these promotions it is admitted that they are paid for by a shareholder who wants to sell shares. In other words this is a pump and dump operation. And in the latest SEC Filing of 14th December we discover that Harmonic has almost no cash, no revenues and is burning cash – it should be clean out of money within a couple of weeks. The auditors flag this as a going concern issue. Er…just a bit. At 95 cents today the company is valued at $59.9 million.
US Investors are happily dumping shares and guess which suckers are buying? Er… Yes Limeys it is you thanks to those mailings from websites you thought you trusted. Heck that is the special relationship in action, the yanks get to offload their shit on the Brits and we send them Piers Morgan in return. Unless you were one of the folks suckered this is almost funny.
That supposedly respectable UK websites take cash to pump out this crap is a total disgrace but the story of this mega stock promotion for a total nothing company gets funnier still as I am sent the latest release from Harmonic with blockbusting news
4352 days ago
A shareholder in Harmonic Energy (ASUV.PK) has spent considerable sums in recent weeks to send out a missive to tens of thousands of UK investors headlined “the one stock you must own before the New Year” with bold claims about how the shares could gain 3200%. In very small print, it is noted that the shareholder is himself looking to sell the shares. Since the company is, according to the latest SEC Filing of December 14, technically insolvent, yet at $1.05, is capitalized at $66 million, this promotion is misleading in the extreme. But it has worked, in that the shares have been heavily traded and have gained 20 cents in the past two weeks. If you hold the stock, this is your chance to sell. Grab it.
4357 days ago
Last Friday one small website took money to send out a mailing about the “one stock you must buy before the new year.” Returns of 3,200% were mentioned. What the mailing mentioned only in very small print was that the mailing was paid for by a shareholder who is looking to sell shares in the market. What the mailing did not mention at all is that Harmonic (a US OTC Bulletin Board) stock also needs to raise cash as it has no money and in fact that its auditors had that day filed a statement saying that Harmonic may not be a going concern.
I had hoped that my piece would warn UK investors about this pump and dump and also deter any more list owners from taking money for promoting this filth to readers to whom they must surely feel some sense of moral obligation.
You can read my damning indictment of this company and its operation here.
I am sad to say that MoneyAM sent out the same mailing yesterday. I am sadder still that UK-Analyst (part of the t1ps.com group) sent out the same mailing today. That makes me very sad.
I make no comment about why they did this.
I merely beg you to ignore this mailing and not to buy shares in Harmonic under any circumstances.
I would also ask you to urgently pass this article on to anyone you know who does dabble in shares so that they might also be warned as to what is afoot.
For alerts on all article written by Tom Winnifrith follow him on twitter @tomwinnifrith
