Global Marketing Media Spins Its Promotional Web Around Promithian Global Ventures Inc (OTCMKTS:PGVI)
Unlike short-term promotions, continual pumps rarely yield positive results. Despite this well-known fact, however, the guys at Global Marketing Media, a notorious promoter in pennyland, are showing no signs of slowing down. Their new target is the stock of Promithian Global Ventures Inc (OTCMKTS:PGVI) . Ironically enough, the latter had been under promotional fire until ... yesterday. It all started on May 28 when Investor News Source unleashed a two-week advertising campaign in favour of PGVI through a series of promotional emails which started flooding investors' mailboxes, including our database. The effort was financed by a third party called RJLK Investments who provided a total of $50,000. When we drew the line, we quickly realized that PGVI shares lost a whopping 35% in value over those two weeks of pumping. Prior to the campaign, PGVI shares were quoted at $0.275 per share. By contrast, PGVI closed trade yesterday at $0.18 per share. Now the folks behind Global Marketing Media, which manages a tangled web of promoters including but not limited to 123 Stock Alerts , Penny Stock Circle , and The Stock Scout , are picking up where Investor News Source left off in an effort to rejuvenate the stock, at least over the course of the next two sessions. They have received $56 thousand from Legacy Global Markets for their service. We suggest that you keep that in mind when you read the reports touting PGVI and take everything they say with a pinch of salt. A good argument in favour of this piece of advice is GMM's historical record. The latter is full of stock picks that failed miserably as a result of their promotion. The Stock Scout was involved in a $35,000 pump job on Novus Acquisition & Development Corp. (OTCMKTS:NDEV) last Wednesday. While the stock's volume tripled, it lost 30% of its value within a single day. Penny Stock Circles's $45,000 pump job on World Assurance Group, Inc. (OTCMKTS:WDAS) on May 8 is also a case in point as WDAS shares slumped by a whopping 50% on a record-breaking turnover of 11.4 million. If you dig deeper, you will easily notice that the list will grow much thicker.[BANNER] All in all, the new advertising campaign in support of PGVI seems unlikely to give the stock a substantial boost for two main reasons. Number one, the previous pump did little to achieve any success. Number two, the current promoters seem to be losing traction due to the dismal failure of the vast majority of stocks they have promoted so far. However, if you are willing to play PGVI the huge risks and doubts notwithstanding, be sure to gather your facts and weigh up the pros and cons of your options.