written by reader PETROSONIC ENERGY (PSON)

By Anonymous Questions, April 10, 2013

Have you looked into:
PETROSONIC ENERGY (PSON) with a GameChanger โ€sonic reactor that converts previously unusable
heavy oil into oil that can flow freely through pipelinesโ€.
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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Travis Johnson, Stock Gumshoe
Admin
๐Ÿ‘15210

Thanks for the question — I’ve gotten dozens of queries about Petrosonic Energy and Tobin Smith, so let me share my thoughts quickly: I’ve gotten those glossy promotions in the mail, too (you can see their “initiating coverage” note here from September, FYI). Tobin Smith still has that big, glossy TV smile, and seems quite happy in his relatively new role as a stock promoter — he used to run “real” newsletters that depended on subscribers and put out research that represented his investment opinion, and he has a recognizable name (and perhaps a reputation that he can sell) because… Read More ยป

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Des Harms
Guest
Des Harms

Excellent analysis, thank you.

Kim HURT
Guest
Kim HURT

Travis,
The more I read your analises and reasoning, the more I feel you are right and many of us naive fools.
Thank you. Please keep up the good work and the reality for us ignorami!
Kim Hurt

Peter Barnes
Guest

Boy you know I got this promo piece that follows the big promo format
I usually throw them out
But there was Tobin Smith who I remembered was a pretty savvy guy maybe 10 years ago?
Your analysis was brilliant
Confirmed nagging doubts that I didn’t know I had because of the guys past had p
, well ….apparent legitimacy
Sad to see where he is
Thanks for your insight
Saved me a ton of time on researching PSON
Best
Peter W Barnes
Westport CT

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gard
Guest

As soon as I see a picture of a Yacht, I delete, delete, delete. LOL that’s my laughable cue that it is a pie in the sky Pump and Dump.

George
Guest
George

If this technology had the potential alleged in this promo, why would Sonora Energy Ltd. sell it to Petrosonic for so little?

kraeaz77
Member
๐Ÿ‘0
kraeaz77

Just got out of PSON. Made a little money but after more research, glad I still have my socks on. READ READ READ!!!
Thanks for your research, really appreciate it.

Val W Stone
Guest
Val W Stone

I really think you should not be wasting time on idiotic ideas like these !!

Gregory P
Guest
Gregory P

notyhing Tobin Smith has ever promoted has ever made a profit for anyone except the short sellers and himself.

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gummydave
Member
๐Ÿ‘347
gummydave

Excellent advice as always Travis.
I’m glad you mentioned Motley Fool as I’ve subscribed to them for many years and believe they try to look after subscribers interests. Their advertising is a bit excessive and they certainly have their share of failures. But they give some useful advice and the discussion boards are also a useful resource.

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Ventureshadow
Guest
Ventureshadow

I too received this flyer in the mail. It says nothing investable about Petrosonic. As you say, Travis, their costly desperation means stay away. The one thing this flyer convinced me of is that Tobin Smith has no remaining credibility.

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Rosenmeyer
Member
๐Ÿ‘1407
Rosenmeyer

he has been a shameless self-promoter for a few years now-very sad. at first some folks thought when he left changewave & started NBT he was operating like before-heard he has constantly promoted major losers like Vela or whatever it is called today -think it was china tel before that.

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Dave
Guest
Dave

I only wish I had read this sort of analysis before buying Eden Energy (EDNE) a few years back.

Don S
Guest
Don S

Travis,, Thanks for your analysis of the pump and dump promotionals. I get these slick promotionals by email and glossy multi-page snail mail almost daily. On the ones that come in the mail, I always look at the bottom of the last page to see how much the writer was paid to write the promotional material, then toss it. The email promotions often start with a promise to give you the names of must-buy stocks. They almost never deliver. I scroll to the end and then back scroll because most are selling a subscription to a newsletter or a variety… Read More ยป

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Tom Patton
Guest

Why won’t you do a piece on UNXL?

A lot of people are going to get fleeced on that one.

Warmest regards,

Louis Basenese

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philip germain
Guest
philip germain

So, should we read this as meaning you are less than enthusiastic?

thomas doepke
Guest

I don’t buy anything tobin is pitching, but would like to know about GNIN if possible.

Camaro Guy
Guest
Camaro Guy

I am long on GNIN. Shorts are having a great time with it. CEO has suspect history, but hey who doesn’t have a blot on the resume. My research is based on blogs and life experience in business. IMHO It has an opportunity to grow with its Bamboo products. Company is getting orders and shipping product (verifiable). New accounts are being approached and added. Cadena’s in So Cal, and BigSaver Foods have made re orders. Hope this helps.

Shoeless
Guest
Shoeless

I’ve followed Tobin for years. In the eary days of his news lettter. I lost big time especially on two, NEOM, BIPH. Both had credible products and futures. Both got traded and manipuIated by someone. I keep them to remind me of my mistakes. Changewave still has a “investment portfolio” on the site for members. I collected a Changewave “watch list” starting back about 2003 thru 2006 making a portfolio of 35 stocks. As a group, they are just about even right now. If it was not for AAPL, a buy at 69 in 2006, it would be a big… Read More ยป

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jrlowelljr
Irregular
๐Ÿ‘9

A few years back I figured out Tobin’s tease of BIIB (before becoming an irregular), bought it, and sold half after it went up 100%. The second half is still going up. I subscribed to ChangeWave for a few months, but that was the only big gain from Tobin’s work. Sad to see what he’s doing now…

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takeprofits
Guest

It is indeed sad to see men who were once creditable analysts (warts and all) succumb to the easy money of paid promotions. Travis has it exactly right, if its a paid promotion don’t bite. One organization in the legitimate Penny Stock business has a column every Friday that exposes the most highly promoted “Pump and Dumps” for the week. (Hyperion)! Another one I get infrequently is from John Myers who WAS a very good oil and gas analyst with a newsletter started in Calgary a long time ago has apparently also gone over to the dark side, the latest… Read More ยป

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Ventureshadow
Guest
Ventureshadow

Regarding John Myers it gets worse. I enjoyed big gains from his picks writing “Outstanding Investments” several years ago, and I was disappointed that he separated from that newsletter. (His replacements have been spectacularly awful). I found a newsletter he writes and sells subscriptions to. They sent me a sample issue of John Myers’ Secret Stocks. The leading pick he wrote about was doing just horribly. There was a good reason to keep these stocks secret. I was left wondering if Myers quit “Outstanding Investments” or was dismissed.

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takeprofits
Guest

I would have to respectfully disagree with Ventureshadow that John Myers replacements have been “spectacularly awful” that is a pretty broad brush to paint with. While no analyst gets every pick 100% right due to unknowable future events, no matter how good his assessment of a company at a given point in time. Negative comments on an analyst can often be triggered by the readers own prejudices and bad timing or even lack of “due diligence” for which the blind follower blames the analyst instead of his own failure in assessing the situation at the time of his investment decision,… Read More ยป

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Fireball
Guest
Fireball

Hi G.S.
I guess many of us fell for this stuff over the years. I have started going one step further. When I get one through an eletter or enewsletter I always blast the letter for running these. I blasted several over Tobin. I just point out that their credibility as anything is questionable if they aid a fraud, pump and dump scammer i.e. Tobin.
I rarely comment anymore but I always read your letter and sometimes the comments.

RICHARD Kinsler
Guest

Tobin turns a shill out loud and doesn’t seem to care about his persona. Run like hell and don’t fall for it. It’s nothing but a plumb and dump after all.

RK

Gummyfish
Member
๐Ÿ‘3
Gummyfish

@ Val Stone: When I started investing in the 70’s we did not have instant access to these types of articles. Hell I did not even have a computer and relied on S&P and newspaper articles. Eventually I got phone calls from boiler rooms. If a proposal sounded good I would buy a “reasonable” position after attempting to do some research. Times and methods have changed. The newsletter has replaced the telephone call. But the vigilance of people like Travis help to prevent unsophisticated investors, who will listen, from making some of the early foolishness I succumbed to.

whatch
Member
๐Ÿ‘15
whatch

Hi Dwight,
Like me you most likely had a broker screaming in your ear back then with the next great thing. Man!, I lost a lot of money and respect for brokers back then. I was sure glad to see computers and the internet come about. You know. The thing our kids thought always existed. They are now in their 30s and think I was born in the stone ages.

Joni
Guest
Joni

Was a naive, stockbrokerage assistant for the one of the big companies back in 1981. After working there a few weeks, I realized the ‘stockbrokers’ were nothing more than salesmen, selling the next best thing that was mandated from corporate in NYC. Got licensed myself and went on to greener pastures and although those large brokerage houses have gone by the wayside, not much has changed.

James Kottenstette
Guest
James Kottenstette

Hi Travis,
As usual you are right on. Your research and commentary are a god-send. You have saved this old guy a bundle… not to mention the several good runs as well!
My best, JimK

Aaron Dunn
Guest
Aaron Dunn

Pump and Dumps abound, and many new investors get caught up in the promise of some new idea or product. The newsletters that promote the pump an dumps can show you some great results of the money they make, and the huge returns they book because they are getting free shares, or shares at pre-promotion prices they then can sell off into the pump. Funny part is there are now newsletters and groups whose whole investment strategy is to search out and find these shell companies before the promotion even starts. Travis if you ever look into prepromotions.com they are… Read More ยป

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canonfodder
Member
๐Ÿ‘82
canonfodder

Pump and Dump ! Some time ago I fell for one when I did not know such existed. In my naivete and stupidity I lost big because I believed the wonderful promises and I saw the price rising sharply. While I wasn’t able to be online and watch, later that same day the price plummeted as the insiders dumped. WOW ! I paid dearly for that lesson. Someone should advertise this scam method and warn. Why doesn’t my brokerage have a full page warning to all who pay them for buying and selling? They certainly should.

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Kirk
Irregular
๐Ÿ‘28

Good analysis. If anybody wants to speculate on heavy to light tech, look at Ivanhoe Energy (IVAN), they have a real tech and real assets. Still might go BK, but they have a shot. Spec money only.

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