written by reader PETROSONIC ENERGY (PSON)

By Anonymous Questions, April 10, 2013

Have you looked into:
PETROSONIC ENERGY (PSON) with a GameChanger ”sonic reactor that converts previously unusable
heavy oil into oil that can flow freely through pipelines”.
Tobin Smith in an 8X10in 20-page folder

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Tom Tinacci
Member
Tom Tinacci
April 10, 2013 9:22 pm

After doing a bit of research on the processes of extracting heavy oil out of the ground, it is definitely not for the pennystock/microcap exploratory oil companies.
There is a good deal of equipment, and resources need to bring it up. There are large tracts of land in our most northern states, Montana being one of them, that contain this heavy crude.If the big boys thought it was economicaly viable to drill for this thick, viscous tar like stuff , they would be there , but they know better,. So all these little scamming oil companies promote their huge finds, and try to sucker in investors that don’t know better

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whatch
Member
whatch
April 10, 2013 9:43 pm

This company reminds me of one that I’m being pumped to buy now (PUNL), A gaming retail company turned gold mining operation in Nevada. Funny how this so called monster that was supposed to explode today actually dropped about 23% today. When I sow the sheets on them I said no thanks.

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Tom Tinacci
Member
Tom Tinacci
April 10, 2013 10:28 pm

If you think its too good to be true Caveat Emptor

jamalsbury
Member
jamalsbury
April 11, 2013 5:29 am

I’m fairly new at trading, having been given stock as a child and pretty much blindly collected dividends over the years (decades, lol). And yes, I’ve fallen for a few of these scams but never invest more than I can “afford” to lose. But I did some research on PSON and it seemed to have some upside and it managed to more than double in price in the 1+ month that I’ve owned it… until it dropped back down to $1 yesterday after you identified it as a scam. Please be careful–many of the people who hype penny stocks are greedy pond scum who have sold their souls to the devil & they pimp themselves out for the money & I have no problem w/that characterization–but a warning about the risks of penny stocks in general, detailing the specific weaknesses of the particular stock in question would have sufficed instead of automatically labeling it as a “pump & dump.” I generally trade long, but trying to survive on Social Security Disability… well, selling PSON w/$100 profit would not have been a bad thing for me; even though that may sound like peanuts to everyone else, it’s about 2 weeks of peanuts (i.e., food) for me. Having been screwed by the Devil myself, I understand your cynicism, but a penny stock CAN occasionally amount to something (even if the company resorts to using Satan to raise capital); don’t underestimate your influence on the value of these stocks & please think about how “little” investors might be affected before automatically dismissing a stock as a scam. 🙂

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FarmGirl
Member
FarmGirl
April 11, 2013 5:55 am

#8 Don S – if the promotion does NOT have the stock name and symbol, it isn’t a pump and dump. Usually just an overstated tease to get you to subscribe.

Very rarely, a legitimate newsletter will give you the name and symbol in their solicitation, in hopes you will subscribe for the follow-ups or for other ideas they cover. New World Investor has done this from time to time.

It is sad to see Toby stoop to these levels. NBT is his company. There’s no way to rebuild your reputation after doing this kind of thing.

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ray somerville
Irregular
April 11, 2013 8:38 am

Keep it up Travis, reliable, honest info is a rarity on the internet these days. I am a devoted irregular “Gumshoeist”. I’ts the money I save by not making foolish mistakes, where the real value of your website lies. thanks again, Ray

Tom Patton
Member
April 11, 2013 9:04 am

Dear Travis,

When, oh when, will you expose UNXL? Unless they are paying you hush money I just do not understand how you can resist.
ANY COMPANY THAT GOES FROM $5 IN JULY 2012 TO OVER $30 ON LOUIS B. WORD IS RIPE ROTTEN FRUIT FOR THE PICKING.!!!!!!!
Sincerely but losing patience & faith in you,

Tom Patton

Raven
Guest
April 11, 2013 10:19 am

Hi T: finally got to reading the above and all the comments have some value, both negative and positive. I always try to keep an open mind. It did take me quite some time to scroll down on the dozens of stock promotion emails I get and yes, those disclaimers are pretty interesting. Often very small print or a “faded” color to make it difficult to read. Oh well I am a slow learner.
Thanks for your views and “detective work”, always interesting to read. I am a devout irregular.

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Wayne Hatcher
Member
Wayne Hatcher
April 11, 2013 10:27 am

Come on Travis. Tom is and has been nearly begging you. If there’s something to expose about UNXL, Throw the guy (and maybe the rest of us) a bone. Will ya? Come on, put your powers of deductive reasoning to work and save us from another possible pitfall. If for no other reason, do it for Tom’s sake and restore his faith. Not razzing you Tom. I’ve heard others on other sites complain about UNXL also. But come on. You can’t really think Travis is on the take.

Travis Johnson, Stock Gumshoe
April 11, 2013 11:40 am
Reply to  Wayne Hatcher

Sorry, I can’t throw time at everything — UNXL has obviously gone up ridiculously since it was teased by Basenese in 2011 and I wrote about it then, but I don’t think I’ve ever taken a close look since. Have they gotten any deals with manufacturers that resulted in actual orders?

I see lots of preferred pricing and access comments, but haven’t noticed any backlog or order numbers that would make it all seem more “real”, but that’s just in five minutes of looking. The stock has run up like a biotech stock with a FDA trial underway, and — also like a biotech stock — it has blown through a lot of cash in ten years of losses, so you need something like orders or revenue to turn it into a real company with potential profits instead of just a piggy bank for management and a navel-gazing R&D shop.

Looks like their revenue was less than 100 thousand dollars in 2012, which is even less than it was in 2010, so any investment thesis is still all about the future. There’s a massive 40%+ short position in the stock, so the fact that it’s incredibly overvalued based on current performance is no surprise for anyone — the question is whether the business becomes real and quickly gets a meaningful portion of the massive global touch screen business, or whether it remains just a thin film manufacturer and researcher with a base level of a few hundred thousand dollars in revenue and consistent multi-million dollar annual losses (which obviously wouldn’t support a $300 million company valuation). There is plenty of dickering back and forth at Seeking Alpha about whether it’s the next big thing or the next big scam, I can’t answer that question for you but I wouldn’t personally be comfortable investing in the stock unless I had a real handle on what their order flow and their deals with manufacturers look like.

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who noze
Member
April 11, 2013 12:29 pm

ANYTIME I SEE TOBIN SMITH NAME ITS TIME TO RUN THE OTHER WAY my opinion is he was dumped because he spent his timeon bulls and bears hurray for brian perry

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aterosin
Member
aterosin
April 11, 2013 11:54 pm

Whew! Well at least Tom can sleep tonight.

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Tom Patton
Member
April 12, 2013 8:55 am
Reply to  aterosin

Still wish you would do one of your deductive pieces on it and tear it it a part if warranted. Three quarters (or more)of the senior management was involved in similar scams in the 2000 bubble. And one of the biggest phonies on Wall Street is their biggest cheerleader. That and the fact they are spending nearly 80% on SALARIES NOT INVESTMENT IN TECHNOLOGY!!!!!!!

Wall Street and Politics- the only places you can commit heinous crimes against your constituents and then disappear, wash up, wait, claim mea culpa, and come out clean and back in action in 5 years later or less.

SEE Lou Basenese comments,in quotes, and then read the link below that debunks them

“Here’s a random question for all to consider…
If a company is truly a “pump,” would they spend any money on research and development, and specifically, patents?
Nope. There’s no need to, nor is their an ability to do so b/c if they’re truly a pump they don’t really have any technology, right? Plus, there’s no reason to waste the money.
And yet, three companies mentioned above (UNXL, PAMT, CRDS) do indeed have patents and continue to file new patent applications.
Just a “minor” point to keep in mind before you rush to judgement about the existence of an actual technology… or worse, rush out to short a company :-)”

Reply to this from Paulo Santos,author of “Caveat Emptor Beckons” on SA about UNXL,
http://www.thefreelibrary.com/MobilePro+Announces+Five+Patents+Covering+Smart+Antenna+Technology…-a0131739962
“So Lou your argument has gone down the tubes.”

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jvic47
Guest
jvic47
April 12, 2013 9:57 am

I have to laugh at all these people who lost money on speculative recommendations by Tobin Smith and are now crying about it. What will tomorrows topic be,Lets beat up Cramer?I took a flier on one of Tobins reccomendations and I’m up 60%. Maybe I’m just lucky!

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