Okay, here’s the promoted stock scoreboard:
| Ticker | Date of Article | Price @ Article | Price @ 6/11/13 | Decline | Annualized | Splits |
| GTXO |
5/27/2008 |
2.45 |
0.011 |
-99.6% |
-65.8% |
|
| BONZ |
10/22/2009 |
0.35 |
0.004 |
-98.9% |
-71.2% |
|
| BONU |
10/22/2009 |
0.89 |
0.010 |
-98.9% |
-71.2% |
|
| UTOG |
3/30/2011 |
1.55 |
0.004 |
-99.7% |
-93.3% |
|
| OBJE |
4/29/2011 |
116.00 |
0.554 |
-99.5% |
-92.0% |
1:40 |
| LSTG |
10/5/2011 |
1.12 |
0.031 |
-97.2% |
-88.1% |
|
| AERN |
10/5/2011 |
0.0770 |
0.0002 |
-99.7% |
-97.1% |
|
| IRYS |
3/15/2012 |
0.261 |
0.003 |
-98.9% |
-97.4% |
|
| NVMN |
3/22/2012 |
1.47 |
0.080 |
-94.6% |
-90.8% |
|
| STVF |
3/28/2012 |
3.24 |
0.390 |
-88.0% |
-82.8% |
|
| CRCL |
5/1/2012 |
2.22 |
0.059 |
-97.3% |
-96.2% |
|
| ORYN |
5/30/2012 |
0.93 |
0.175 |
-81.2% |
-80.2% |
|
| BRFH |
5/30/2012 |
1.16 |
0.300 |
-74.1% |
-73.0% |
|
| LUXR |
6/12/2012 |
1.59 |
0.023 |
-98.6% |
-98.6% |
|
| IMSC |
7/9/2012 |
1.5 |
1.066 |
-28.9% |
-30.9% |
|
| DIDG |
7/18/2012 |
0.65 |
0.070 |
-89.2% |
-91.6% |
|
| GRPH |
11/30/2012 |
0.8715 |
0.180 |
-79.3% |
-94.9% |
|
| IMNG |
12/4/2012 |
0.76 |
0.180 |
-76.3% |
-93.8% |
|
| ECAU |
1/24/2013 |
1.42 |
0.420 |
-70.4% |
-96.0% |
|
| DPHS |
6/3/2013 |
0.59 |
0.107 |
-81.8% |
-100.0% |
|
|
6/11/2013 |
Median |
-95.9% |
-91.8% |
Dephasium has fallen almost 82% in 6 days.? It is a definite over-achiever in losing money.
I promise this is not going to become an “all promoted stocks, all the time” blog.? I limit it to when I receive promotions.? I got another one today, this time to my e-mail.? The future loser is Norstra [NORX].? You can see a promotion like the one I saw here.
Here are the bullet points:
- Never had a penny of revenue.
- Consistent losses every year.
- Only stays afloat by selling stock.
- Auditors don’t think they are a going concern.
- If management has been selling shares to get cash at $0.001, why is the stock trading near $1?
It is highly likely that this company will do badly, as have other promoted stocks that I have written about.? But here’s the fun part — I wrote to the guy whose organization sent out the promotional e-mail.? He didn’t know that they were doing that; he was concerned for the reputation of his organization, and he is putting a halt to advertising stock promotions.
And so, Aleph Blog happily takes a small victory lap.? Promoted stocks are bad enough, but when reputable firms aid them, it is far worse.
David,
Great work on tracking the history here of these stock promotions. Some time back, when you first brought this up, it occurred to me a great strategy would be to simply short these stocks basically once I got the brochure in the mail. Unfortunately, I had forgotten you can’t short stocks below $5 because when I went to submit the order it was rejected.