{"id":2764,"date":"2013-10-08T10:13:25","date_gmt":"2013-10-08T10:13:25","guid":{"rendered":"\/?p=2764"},"modified":"2013-10-08T10:13:44","modified_gmt":"2013-10-08T10:13:44","slug":"bullfrog-gold-corp-otcmktsbfgc-stifled-by-pumpers","status":"publish","type":"post","link":"\/articles\/bullfrog-gold-corp-otcmktsbfgc-stifled-by-pumpers\/","title":{"rendered":"Bullfrog Gold Corp. (OTCMKTS:BFGC) Stifled by Pumpers"},"content":{"rendered":"

\"1BFGC_chart.png\"After a couple of days of increased volume and two nice percentile jumps, yesterday Bullfrog Gold Corp. (OTCMKTS:BFGC<\/a>) tanked by 22% and closed the session at $0.24 per share. The drop can largely be blamed on the pumper outfits who are still touting the stock. <\/p>\n

The pumping for BFGC<\/a> started on Oct 4, with a couple of touts sent from promoter Jet Life Penny Stocks. The promotional email dealt primarily with the technical side of BFGC<\/a>‘s movement. This promo mail disclosed no compensation and came after the company allegedly used social networks to tout BFGC<\/a> a week earlier.<\/p>\n

With a track record as dismal as Jet Life’s, containing failed pumps for mLight Tech, Inc. (OTCMKTS:MLGT<\/a>) and Eyes On the Go, Inc. (OTCMKTS:AXCG<\/a>) having crashed pretty terribly in the last few weeks following Jet Life alerts, it’s no wonder BFGC<\/a> never really got anywhere on their promotion. Then yesterday morning, before the open, another pump mail for BFGC<\/a> was sent, this time by Too Nice Stocks, disclosing $100 thousand in compensation, with another $200 thousand expected.<\/p>\n

Once the disclosure of big money spent on promoting BFGC<\/a> was out, the session turned into a disaster, with volume 10 times bigger than the day of Jet Life’s pump and with the price taking an immediate nose dive. BFGC<\/a> slipped from a high at the open of $0.35 to a close of $0.25 per share, the paid pump creating enough eager buyers for the stock to shift 6.5 million shares.<\/p>\n

Too Nice Stocks did the damage and went under the radar after their morning mail, but following the crash, four other outfits picked up BFGC<\/a> to tout it as a ‘bounce play’ after the close, disclosing compensations of $20 thousand. Considering the effect of the highest paid pump on the stock, the followups will probably have a hard time getting the price anywhere.<\/p>\n

\"MLGT_chart.png\"In our previous article on BFGC<\/a> we also took a brief look at BFGC<\/a>‘s financials and pointed out that the stock is not in a deep hole like many other mineral exploration OTC businesses. Still, this cannot cancel out the fact that there is a pump with a total budget of $300 thousand out there, which, hypothetically, is enough for a paper mailer too. Investors are advised to be extra careful and very thorough with their own due diligence.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a couple of days of increased volume and two nice percentile jumps, yesterday Bullfrog Gold Corp. (OTCMKTS:BFGC) tanked by 22% and closed the session at $0.24 per share. The drop can largely be...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1035,872,1013],"class_list":["post-2764","post","type-post","status-publish","format-standard","hentry","category-news","tag-axcg","tag-bfgc","tag-mlgt"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2764","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2764"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2764\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}