{"id":942,"date":"2012-12-19T10:26:00","date_gmt":"2012-12-19T10:26:00","guid":{"rendered":"\/?p=942"},"modified":"2013-03-25T21:06:37","modified_gmt":"2013-03-25T21:06:37","slug":"usa-graphite-inc-otcusgt-pump-still-going","status":"publish","type":"post","link":"\/articles\/usa-graphite-inc-otcusgt-pump-still-going\/","title":{"rendered":"USA Graphite Inc (OTC:USGT) Pump Still Going"},"content":{"rendered":"

\"5USGT_chart.png\"USA Graphite Inc (OTC:USGT<\/a>) is proving to be a resilient pump. It has been going since Dec. 5. <\/p>\n

Last week it looked like the pump job may be over, but the promoters started sending the tout mails again and USGT<\/a> managed to recover to an extent. Yesterday USGT<\/a> closed down 4.76%, and today its taking another tumble down about 5% in early trading.<\/p>\n

The rebound from last week wasn’t the result of some significant change in the situation at USGT<\/a>. It was simply a reaction to the promotional coverage. USGT<\/a> is still a development stage company with insignificant assets and no revenue.<\/p>\n

That doesn’t get in the way of the management telling the public the company is looking for more projects. Before going after projects USGT<\/a> may want to get some financing. As per the latest report, the company had $3 in cash and $2 thousand total assets.<\/p>\n

On the other hand, keeping in mind that so far USGT<\/a> has done a couple of deals with a company which seems to share the same address as USGT<\/a>‘s legal counsel, may be they don’t really need capital.<\/p>\n

\"2BRND_chart.png\"As mentioned, the pumpers touting USGT<\/a> are hard at work trying to inflate the price of the stock. In one of the latest emails they are saying USGT<\/a> is just consolidating because of “profit-taking” and it can go to $1 and even $2 per share.<\/p>\n

Before any potential investor gets too hyped up by those predictions, they may want to take a look at the previous pump job of Wall Street Advisors. The resemblance is quite easy to see. In this email the pumpers are saying the same things about Premier Brands Inc. (OTC:BRND<\/a>). You can see what really followed on the chart.<\/p>\n

The USGT<\/a> pump seems to have some life left in it, but eventually the market valuation will have to get to a realistic level.<\/p>\n

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

USA Graphite Inc (OTC:USGT) is proving to be a resilient pump. It has been going since Dec. 5. Last week it looked like the pump job may be over, but the promoters started sending...<\/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":[369,72],"class_list":["post-942","post","type-post","status-publish","format-standard","hentry","category-news","tag-brnd","tag-usgt"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/942","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=942"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/942\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}