"...the biggest scams out there have what I like to call a “show horse” at the top. This is the guy with the perfect resume and background, yet knows nothing about share structure.
The scammers who control the shares give a dog sh*t company a show horse, and then use him for promotion, when the reality is no one is going to make any money except for the deep insiders.
Once such company I want our members to avoid is Pershing Gold. I am shocked that credible newsletters and writers today are suggesting this stock, and I have to truly question their knowledge of how they vet these companies. In fact, I almost have to question if they have some sort of behind-the-scenes deal going on.
Pershing Gold is openly tied to the most ruthless Vancouver stock promoter of them all, whose name I will not mention. But for anyone who is suggesting this stock, you should be ashamed. It’s one of the reasons on a day like today, when the GDXJ was up 5%, Pershing was down… You see these scumbags love to unload their shares to the public on any strength.
There is no new case for Pershing Gold when the king of sellers is on the board of directors.
"...by quirk of timing, we...published our newsletter just before a bow-wave of publicity about the Golden Arrow-Silver Standard relationship. Now there’s media out there that paints Golden Arrow as some sort of uncashed lottery ticket. We’ve seen some crazy buying patterns."
"...the whole thing seems to have crossed over from realistic value-creation into a chat-room frenzy"