{"id":1052,"date":"2013-03-26T14:57:54","date_gmt":"2013-03-26T14:57:54","guid":{"rendered":"\/?p=1052"},"modified":"2013-03-26T14:58:03","modified_gmt":"2013-03-26T14:58:03","slug":"pumpers-wave-global-resource-energy-inc-pinkgben-goodbye","status":"publish","type":"post","link":"\/articles\/pumpers-wave-global-resource-energy-inc-pinkgben-goodbye\/","title":{"rendered":"Pumpers Wave Global Resource Energy, Inc. (PINK:GBEN) Goodbye"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/8GBEN_chart.png\" border=\"0\" alt=\"8GBEN_chart.png\" title=\"8GBEN_chart.png\" width=\"450\" height=\"201\" \/>Yesterday the bunch of promoters who were touting Global Resource Energy, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a>) over Friday and Monday waved their subscribers goodbye, announcing a new pick to come today. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> dropped nearly 28% in yesterday&#8217;s trading, left without promoter support. <\/p>\n<p>Among those who advertised <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> were smallcapinvestordaily dot com and Research Driven Investor (RDI) who received $100 thousand and expected to receive $200 thousand respectively for their previous touts of the company in mid-January. After RDI told subscribers that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> was a pick that would run for days on March 24, they abandoned the company on the very next day as it crashed.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> is a company that claims to operate in the lucrative green energy sector. Operations have not yet commenced, however, as <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> never recorded revenue in its filings. Their most current financial report is dated October 2012 and contains figures that don&#8217;t paint the picture of a successful business:<\/p>\n<ul>\n<li>ZERO cash, total assets of $1.4 thousand in prepaid expenses<\/li>\n<li>$286 thousand current liabilities<\/li>\n<li>ZERO revenues since inception<\/li>\n<li>$231 thousand in net loss for Feb-Oct 2012<\/li>\n<\/ul>\n<p>The company almost managed to cash in on its agreement with Patedma Group Corp. for the distribution of LED street lights but an letter of intent signed with a partner in August fell through and Balon Bleu Holdings, the potential client, made no payments to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/6NWTR_fail.png\" border=\"0\" alt=\"6NWTR_fail.png\" title=\"6NWTR_fail.png\" width=\"350\" height=\"156\" \/>RDI, who was among those who last promoted <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a>, is one of the most prolific and well-compensated pumpers. In mid-January RDI ran a pump job on New Western Energy Corp. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NWTR\">NWTR<\/a>), helping the price claw its way over $0.80 per share for a while, before going into free fall and dropping over the last two months, to reach $0.25 at yesterday&#8217;s close, resulting in about 70% loss for everyone who bought the pump. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NWTR\">NWTR<\/a> had already crashed after promoters hammered it with pumps in late December and early January and the second climb was much shorter. Despite the performance of the pump, RDI pocketed $35 thousand.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GBEN\">GBEN<\/a> is currently 19% down in early trading.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFrckFMzYRt6UuxAs6eQx5qKes9gan2eyfUXJDhz2Ss6uyJ4ey6J68PPAgYBo-2B-2BjHzXi2hZze165DlCLJM7dzA2GdNIN5oziekiPxGtQwUiKG-2FsiDyLW-2B93bqXvq06eV3c\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday the bunch of promoters who were touting Global Resource Energy, Inc. (PINK:GBEN) over Friday and Monday waved their subscribers goodbye, announcing a new pick to come today. GBEN dropped nearly 28% in yesterday&#8217;s&#46;&#46;&#46;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[24,264],"class_list":["post-1052","post","type-post","status-publish","format-standard","hentry","category-news","tag-gben","tag-nwtr"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1052"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1052\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}