coffe rustRecently read an article from Tim Fields of Untapped Wealth. He was talking about GROG and Agra Burst and how it can stop whats known as coffe rust. He claims this stock is going to skyrocket soon and recomends buying into GROG as soon as posible. It’s currently trading at .67 share. Unfourtuantly I’m new to trading and do not understand all the verbage or how to read a companies SEC filings to determin the risk of the investment. If anyone has any input on GROG I would like to hear as it sounds like what there developing and selling is really of great benifit to the agriculture business. I wil also bew so glad when my subscription to money map runs out as it is probally in my opion one of the bigest scam investment sights I’ve seen and paid for it being my first. It’s unfourtenate I only just recently found out about Gumshoe. Still curious about GROG.
Normam
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Just got the same offer from Tim Fields this morning and I checked out the stock for “GROG” which was in this article. Here’s what I found out about GROG:
GroGenesis, Inc. operates as a development stage company. It intends to operate beach front eating establishments on the beaches on Goa. The company was founded by Maria Fernandes on May 19, 2010 and is headquartered in Goa, India. Also, last December 15, 2014, Travis Johnson wrote an article about, ” The Black Plague… the $100 Billion+ Coffee Industry Is in Mortal Danger”. Just copy this and paste in the search box. Very enlightening and it generated many comments.
I heard about Grogenesis regarding their products Agrablast and Agraburst which has shown promise on reducing coffee rust. I also heard they may be on track with a solution for citrus greening. This would be a huge deal. The produce is taken thru the plant leaves which make sense as an approach for control of greening.
Paid promo pump n dump, be careful of the backside dump.
Tim Fields does put out a “real” newsletter called Untapped Wealth, or at least he used to (I haven’t seen much about it lately) but over the years he and his colleagues have supplemented their revenue by also doing stock promotions for third-party investors (which almost always is part of a pump and dump campaign, whereby those investors try to buy up shares of a penny stock, weave a story of dramatic growth and breathless anticipation, and pay various “newsletters” or pundits or promoters to drive attention to the stock and boost the price so they can sell and book a profit).
I have seen Fields and his company do this many times, the stocks aren’t any different from any other promoted stocks — they’re never nearly as good as the promotion would have you believe, and if they do go up on the promotion (sometimes promotions don’t work) they tend to fall back down again quite quickly after the promotion is over and the investors who paid for the promotion campaign have sold their shares. In most cases, they’re tiny companies with no worthwhile assets who have been created by reverse mergers to allow a “new” public company to spring up out of nowhere… and when they fail, the “shell” of a company will sit around for a while then be reverse-mergered with someone else who has a promotable idea for a gold mine, or a graphene factory, or a 3D printing firm, or whatever.
It’s almost never worth looking at the SEC filings of a classic “pump and dump” penny stock like this, better to spend your time in more fruitful pursuits, but I sometimes do so just to remind myself of how silly things can get. The company now has a market cap of $70 million (based on no revenue, and on patents and intellectual property that they value on their books at less than a million dollars), some manufacturing assets that are worth less than the company has borrowed from their management team (and their families), and they expect to spend about $1.5 million in the next six months and they don’t have that money. You can see their last quarterly filing here: http://www.sec.gov/Archives/edgar/data/1497055/000116552715000008/g7706.txt
Sometimes in these cases where companies are low on cash it’s not necessarily an outside investor doing a “pump and dump” but is the company itself trying to drive up prices so they can sell more equity to raise money at a higher price — but since Untapped Wealth indicates in their disclaimer that they and some related parties are being paid $150,000 a week for this promotion, and GROG doesn’t have nearly that much money, it’s probably a standard promoted pump/dump (always read the disclaimer on a stock promotion, and at least the latest quarterly SEC filing from the company, before even considering buying a stock that is promoted like this — that will stop you, at least 99% of the time, from being played for a sucker).
Maybe some investment newsletters are using this company for pump and dump, but Grogenesis is a real company with a very impressive product. The most important thing so far is, IT WORKS!
http://www.grogenesis.com/markets/north-america/na-soybeans
I consider the money I put into GROG as Las Vegas money. It isn’t too much to lose and if the company grows, I could hit the jackpot. I also like supporting the concept of increasing food output in places where people are starving.
Roz