{"id":296,"date":"2013-03-18T09:55:00","date_gmt":"2013-03-18T09:55:00","guid":{"rendered":"\/?p=296"},"modified":"2013-03-25T19:35:15","modified_gmt":"2013-03-25T19:35:15","slug":"american-graphite-technologies-inc-otcagin-can-make-people-rich","status":"publish","type":"post","link":"\/articles\/american-graphite-technologies-inc-otcagin-can-make-people-rich\/","title":{"rendered":"American Graphite Technologies, Inc. (OTC:AGIN) Can Make People Rich"},"content":{"rendered":"

\"AGIN_chart.png\"American Graphite Technologies, Inc. (OTC:AGIN<\/a>) is an opportunity for some people to make a decent profit. Before anyone gets too excited let’s clarify that: we’re not talking about retail investors. We’re talking about those who are in on the scheme. <\/p>\n

As mentioned in a previous Hotstocked article, AGIN<\/a> has been set up as pump job and that’s exactly what’s going on now. AGIN<\/a> has been initially touted through a hard mailer campaign for $1.16 million. Recently a bunch of online newsletters with compensations ranging between $15 thousand and $100 thousand have joined the pump.<\/p>\n

After going as high as $1.25 last Thursday, AGIN<\/a> dropped 7.44% to $1.12 on Friday. For those who got in around the high that’s a loss, but for the people behind the pump it may still be an amazing price.<\/p>\n

Any potential investor should consider the following. AGIN<\/a> is run by a Mr. Rick Walchuck who bought 12 million shares for $350 thousand. Then in June Mr. Walchuck “gifted a total of 120 thousand shares to four unrelated companies, each receiving 30,000 shares.”<\/p>\n

That’s 120 thousand shares unknown parties got for nothing. At that time Mr. Walchuck also cancelled 11,640,000 of the shares he had bought, only to effect a 125 for 1 forward split and end up with 30 million shares. As for the “gifted” shares they went from 120 thousand to 15 million.<\/p>\n

\"2USGT.png\"So, that’s 15 million shares held by unknown parties, which got those shares for $0. If they manage to dump them at the current price levels that’s somewhere around $15 million from the air.<\/p>\n

Graphite\/Graphene was the focus of another recent, big pump job I covered. It was USA Graphite, Inc. (PINK:USGT<\/a>). It’s now trading more than 90% down from the pump highs. We hope our readers don’t get lured in by promises of huge returns.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

American Graphite Technologies, Inc. (OTC:AGIN) is an opportunity for some people to make a decent profit. Before anyone gets too excited let’s clarify that: we’re not talking about retail investors. We’re talking about those...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[50,72],"class_list":["post-296","post","type-post","status-publish","format-standard","hentry","category-news","tag-agin","tag-usgt"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/296","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=296"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/296\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}