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8/18/10

Gold American Mining (SILA.ob) is a scam


No fewer than five readers have recently sent in a big RED LETTERED pump advert into IKN nerve centre, published by a certain John Myers and promoting Gold American Mining (SILA.ob) as the next big thing.

Now, let's be clear that even though the advert in question is highly promtional regarding the stock, it's written in that oh-so-clever way to make sure it's not illegal. I therefore cannot say out loud that it's a criminal scam because John Myers' lawyers and other crudballs will be able to file suit for defamation and suchlike. So with that clear, let's make it clear that

  • John Myers is a zero-morals scumball who is trying to steal your money by legal means. The world would be a better place without him and his mother should be ashamed of what she bred.
  • The whole charade is designed to separate the innocent and/or stupid from their money.

There are so many scamsters and scumballs popping up these days that it's hard to keep track. Remember the basic rule: Red letters = Avoid like the plague.

PS: Another basic rule: A junior mining company's website welcomes you with shots of the Stars and Stripes = avoid like the plague.

UPDATE: Awww Gawd, do we have to go through this every time? Firstly, by way of disclosure I don't have any sort of position in SILA.ob and to the best of my knowledge, nobody I know has a position, either. And if they did, I'd tell them they were stupid.. The advice with this stock is the same as with all the other BS scam plays out there, e.g. EC.v, DRI.v, CMIN.ob, ECU.to and the list goes on and on. Here's the advice, written in block caps so that you can't miss it:

DO NOT GO LONG THIS STOCK. DO NOT GO SHORT THIS STOCK. DO NOT GO NEAR THIS STOCK. JUST AVOID IT.

WALK AWAY AND CONCENTRATE YOUR EFFORTS ON COMPANIES THAT WILL GIVE YOU A FAIR CHANCE OF MAKING A PROFIT. GET RICH QUICK SCHEMES DO NOT WORK UNLESS YOU ARE THE PIECE OF SHIT ACTUALLY BEHIND THE SCHEME SUCH AS JOHN MYERS HERE. AVOID SILA.OB AND ALL PROMO PUMP JOBS OF THE SAME STYLE FOREVER. IF YOU DO YOU HAVE A CHANCE OF BEING A SUCCESSFUL INVESTOR, BUT IF YOU DON'T YOU'RE DOOMED TO FAILURE FOR THE REST OF YOUR INVESTMENT LIFE.