March 21, 2013 at 10:28 AM EDT
Goff Corp. (OTC:GOFF) Is Not a Safe-Haven Investment
When looking at promotional emails on penny stocks, most of the time you will see statements which are inaccurate or misleading. In the coming weeks you are likely to see a lot of those about Goff Corp. ( OTC:GOFF ). Today is day 4 of the pump campaign on GOFF. Yesterday it closed up another 13.97% at $0.3385 per share. The volume was a little over 13 million shares, 20 times lower than the first day of the pump. It's unlikely it will go much higher before there is some significant news and pump players try to take profit.[BANNER] In the meantime, the pumpers will continue to tout the stock any way they can. In one of the recent Awesome Penny Stocks (APS) emails , they suggest GOFF is a "safe-haven investment". GOFF is anything but safe. From the information available so far, GOFF has $5,653 in total assets, plus an option to acquire a 100% interest in a Colombian mining concession. To exercise the option, GOFF will have to give more money it doesn't have. The other pumper outfit touting GOFF, Victory Mark, is also doing its part comparing GOFF to companies which were well-funded, have operations and generate millions of dollars in profit. If you go back and look for promoted exploration stage companies, you will find plenty of examples of why they are not safe-haven investments. A very recent example is the previous APS pump - Swingplane Ventures, Inc. ( OTC:SWVI ).
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