{"id":697,"date":"2013-02-05T10:01:00","date_gmt":"2013-02-05T10:01:00","guid":{"rendered":"\/?p=697"},"modified":"2013-03-25T20:14:24","modified_gmt":"2013-03-25T20:14:24","slug":"new-pump-round-whipped-up-for-ghana-gold-corp-pinkggco","status":"publish","type":"post","link":"\/articles\/new-pump-round-whipped-up-for-ghana-gold-corp-pinkggco\/","title":{"rendered":"New Pump Round Whipped Up for Ghana Gold Corp. (PINK:GGCO)"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/3GGCO_chart.png\" border=\"0\" alt=\"3GGCO_chart.png\" title=\"3GGCO_chart.png\" width=\"450\" height=\"201\" \/>After failing to achieve much with their previous pump emails, promoters took another stab at Ghana Gold Corp. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a>) over the last few days. <\/p>\n<p>Pumpers from Stocks Gone Wild who bagged a very decent $35 thousand in compensation for promoting <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a> stock, emailed their fortunate subscribers another pump today, following up on their weekend tout of the company. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a> has been pumped virtually throughout the second half of January.  After a spike on the first day of promos, the stock has been pretty much constantly slipping, going from a close of $0.21 to yesterday&#8217;s close of $0.05, despite the thousand of dollars being tossed around for promotions.<\/p>\n<p>While pumpers were busy running technical analysis on the stock&#8217;s movement, rendered irrelevant by the presence of an ongoing pump campaign, investors could instead turn an eye to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a>&#8216;s latest financial report for the quarter ended September 30, 2012. It contains the following:<\/p>\n<ul>\n<li>$1.1 thousand in cash<\/li>\n<li>$318 thousand in current liabilities<\/li>\n<li>$987 thousand reported revenue<\/li>\n<li>$237 thousand in net loss<\/li>\n<\/ul>\n<p>Next to zero cash and net loss in the hundreds of thousands for a single quarter is hardly exciting news. The filing states that since inception  the company has financed its activities solely by the private placement of stock. According to the same report, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a> has undergone two reverse splits over the last three years, one reportedly at a ratio of 1 new for 1000 old shares, the other at 1 for 970. Each reverse split was followed by the issuing of new shares that brought the outstanding shares at or above the number before the split.<\/p>\n<p>The company&#8217;s headquarters address doesn&#8217;t precisely command respect as well. According to their listed address on their OTCMarkets page, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GGCO\">GGCO<\/a> seems to run its operations out of a small suburban house in Florida.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GSTV_fail.png\" border=\"0\" alt=\"GSTV_fail.png\" title=\"GSTV_fail.png\" width=\"350\" height=\"156\" \/>The promoters at Stocks Gone Wild have pumped similarly shaky ventures before. Their late November pump of Global Stevia Corp. (OTC:GSTV) ended up in disaster for everyone who got onboard, as it simply came too late to make any kind of profit. The stock is currently about 80% down from its pump price.<\/p>\n<p>Do your own research and be extra careful with promoted penny stocks. Their movement both up and down the charts is largely triggered by promotional efforts and not actual company performance.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFBoZu4Cbpe6CrNvHVgAGDpPmAXX4hUQOl1gviluk-2BeidLehy-2F4EhaZtMJs8bt37mgJTcblHrGrn0YbDV4Uf8G8mXGKrJZhGKm6NskK1hXLraimzQFWz3S1-2FjA-2Byvlti0xOuuC12-2BfsotZ0nETtw2lhw-3D-3D\" 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 failing to achieve much with their previous pump emails, promoters took another stab at Ghana Gold Corp. (PINK:GGCO) over the last few days. Pumpers from Stocks Gone Wild who bagged a very decent&#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":[121,270],"class_list":["post-697","post","type-post","status-publish","format-standard","hentry","category-news","tag-ggco","tag-stev"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/697","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=697"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/697\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}