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Title : How Palisade Global works, part deux
link : How Palisade Global works, part deux

How Palisade Global works, part deux

Further to the post last week "How Palisade Global works, Giga Metals (GIGA.v) edition", your humble scribe received a most interesting mail from a long-term, reliable contact in the biz. He told of how he'd learned about Palisade Global and the way they do business a while ago, after watching as one of his positions got whacked by a flood of selling the moment a specific placement came out of escrow (I do have the details and they all check out, as does all the rest of the info in this post below, but my friend has asked me to be general about his specific involvement with the company in question so that's how it's going to be). Intrigued, my friend naturally investigated the source of the avalanche selling and sure enough, it traced back to Palisade Global. Interested and now with a thread or two to pull upon, he checked out other trades that Palisade Global had recently entered into and strangely enough, they all had a lot in common:

1) The target companies were all tinycap penny stocks, short of cash and desperate for funding.

2) Palisade Global would enter the companies by taking down a private placement, run at a penny level, always with chap warrants attached (and normally full warrant per unit).

3) They then entered into a "marketing agreement" with the companies, typically for a six figure sum that would be paid in advance.

4) For that marketing agreement, Palisade Global would run some articles on its website (Palisade Research), would often get them covered by their sister company "Comprehensive Research", get them segments on their web/Youtube show "Palisade Radio".

5)  Very often, the main slug of promo pump from the Palisade Group would coincide with the lifting of the escrow in the previously closed placement (the typical 121 day thing) and the liquidity event of high level coverage would allow Palisade Global to do what they did to the original stock my friend watched...i.e. get hammered into the ground.

After he'd investigated a while, my friend (who is an out-and-out capitalist) couldn't help but admire the business model used by Palisade. ID a desperate company, offer the insiders a cast-iron opportunity to make some money and/or run a financing at a higher price down the line, get papered up and use timing and the hoards of gullible sheep in JuniorWorld to make out like bandits. This wasn't just a pump and dump, but one on steroids using high traffic media channels, paid-for analysts saying the right things at the right time and would even come with nicely timed NRs and exploration results from the company to whip up even more buying interest...right at the time Sean Zubick and his merry pals were selling their dirt cheap paper.

As for the names of companies that have been lured by the cheap money and Palisade's bizplan, it's probably not a complete list but all these have been identified as takers:

• Mexican Gold Corp (MEX.v)
• Giga Metals Corp (GIGA.v)
• RJK Exploration (RJK.v)
• Benz Mining Corp (BZ.v)
• Sokoman Iron Corp (SIC.v)
• Aben Resources Ltd (ABN.v)
• Makena Resources Inc. (MKNA.cse)
• Triumph Gold Corp (TIG.v)
• Duckworth Capital Corp (DUKE.vP)
• Lincoln Mining Corp (LMG.v)
• New Age Metals (NAM.v)

And one of the clues to spot whether Palisade Global has its claws in a tinycap can be found on the balance sheet. If there's a line-item of "pre-paid expenses" in the current assets section, at somewhere between $50,000 and $250,000 (it gets paid down on a quarterly basis), out a dollar on it being Palisade.

Thus Article How Palisade Global works, part deux

That's an article How Palisade Global works, part deux This time, hopefully can give benefits to all of you. well, see you in posting other articles.

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