{"id":232,"date":"2013-03-25T08:42:00","date_gmt":"2013-03-25T08:42:00","guid":{"rendered":"\/?p=232"},"modified":"2013-03-25T19:35:20","modified_gmt":"2013-03-25T19:35:20","slug":"new-round-of-pumps-for-groveware-technologies-ltd-pinkgrov","status":"publish","type":"post","link":"\/articles\/new-round-of-pumps-for-groveware-technologies-ltd-pinkgrov\/","title":{"rendered":"New Round of Pumps for GroveWare Technologies, Ltd. (PINK:GROV)"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GROV_chart.png\" border=\"0\" alt=\"GROV_chart.png\" title=\"GROV_chart.png\" width=\"450\" height=\"201\" \/>After getting pumped in early March, GroveWare Technologies, Ltd. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>) are once again targeted by an active promo campaign that launched over the weekend. Seven pump emails for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> came through over the weekend. <\/p>\n<p>This time the pump is spearheaded by promoters Psycho Penny Stocks and Marquee Penny Stocks, operated by mother company MHC, Inc. and disclosing compensation of $15 thousand paid to advertise <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> stock. The pumps are quoting some old press releases from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>, as well as charting up projections for revenue growth. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>&#8216;s revenue did increase over the first three quarters of 2012, but that didn&#8217;t stop the company from logging net loss in every quarter. The latest available report of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> is for Q3 of 2012 and contains the following numbers:<\/p>\n<ul>\n<li>$12 thousand in cash<\/li>\n<li>$850 thousand in current liabilities<\/li>\n<li>$158 thousand revenue for Jan-Sep 2012<\/li>\n<li>$358 thousand net loss for Jan-Sep 2012<\/li>\n<\/ul>\n<p>Part of the recycled touts of the pumps is the 300% YTD increase of downloads of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>&#8216;s MobiTask application on the Apple store. Sadly, investors may be left wondering if this really is the case as those are in-house numbers and the actual store page for MobiTask has not even accumulated a sufficient number of customer reviews to display an average score.<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" style=\"border: 0px; float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/5GWBU_fail.png\" border=\"0\" alt=\"5GWBU_fail.png\" title=\"5GWBU_fail.png\" width=\"350\" height=\"156\" \/> <\/p>\n<p>A very curious part of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>&#8216;s story is the company&#8217;s management. The company&#8217;s CEO and sole board member is Mr. Hrair Achkarian &#8211; a name our readers may remember from his time spent as president and CEO of Great Wall Builders, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GWBU\">GWBU<\/a>) before it became one of the most horrible pump disasters of last summer that left smoking craters in the pockets of many investors. Mr. Scott Boyes, former CFO of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> who severed his ties with the company in February and received 500,000 shares as a parting gift from Mr. Achkarian, was also CFO and board member of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GWBU\">GWBU<\/a> along with Achkarian.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a>&#8216;s promotional history stretches back to the summer of 2012, when the pumps got the stock into active trading. A new wave of pumps started in mid-January and dragged <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> out of flatline mode once again. Over 30 promo emails have been dispatched for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> since Jan 15, with compensations ranging from $2.5 to $25 thousand. Despite all the efforts of pumpers, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GROV\">GROV<\/a> has slipped over 80%, currently at $0.08 per share.<\/p>\n<p>Traders should be extra careful with promoted penny stocks, especially when past promotions have already driven the price down significantly. Do your own research before investing in any stock.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFa4WJxtcZZu8rbVwo5TDt5s1tK0rPRF4erQtiBII78a3LL7HQQqESH-2B3clnYppG2bY5NMOllwaY0-2F9j5Gre9lnDMspG0QeIH1CP0AknBwuW9zzMfNPp5ZSIJS35f2UQOp\" 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>After getting pumped in early March, GroveWare Technologies, Ltd. (PINK:GROV) are once again targeted by an active promo campaign that launched over the weekend. Seven pump emails for GROV came through over the weekend.&#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":[16,15],"class_list":["post-232","post","type-post","status-publish","format-standard","hentry","category-news","tag-grov","tag-gwbu"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/232","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=232"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}