Mailbag on Kootenay Zinc (ZNK.cse) - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Mailbag on Kootenay Zinc (ZNK.cse), We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Mailbag on Kootenay Zinc (ZNK.cse)
link : Mailbag on Kootenay Zinc (ZNK.cse)

Mailbag on Kootenay Zinc (ZNK.cse)

Here's an interesting mail, received from A. Reader yesterday. It's about one of the companis caught up in the BridgeMark scam and, lo and behold!, it was pumped by Gwen Resource Maven Preston to her subscribers at the time the P+D was in full swing. My, what a coincidence! It was also pumped by the so-called "Equity Guru" Chris Parry, who also makes full use of the Vancouver scamster central website CEO.ca to push his nefarious agenda. Yep, that is indeed the Tommy Humphreys site and....oh wow! Tommy was in on the Kootenay placement as well! My, another sheer coincidence.

People, the M.O. of the Vancouver newsletter scam cabal in on full show, right here. And if you think this is some sort of isolated incident, I pity your poor hide.

Sir,

I applaud your efforts in shedding light on the junior mining newsletter writer (NLW) business, really more a promotional business than anything approaching an analytical one, with rare exception (you, Kaiser, Exploration Insights, that's nearly it). 

As you rightly point out the Resource Maven is a particularly sneaky scamster, and the recent BCSC "Bridgemark" kerfuffle has swept her into the mix, albeit tangentially, regarding one of her picks, Kootenay Zinc (ZNK) (no company website, always a good sign).

One of the beauties of the CSE is its "open kimono" Form 9 distribution report which specifically names all PP subscribers (unlike the TSX equivalent, in which subscribers' name are kept confidential). See here for the Jan 2017 Kootenay Zinc Form 9, which lists Gwen Preston (plus Tommy Humphries, Chris Parry, among many other characters) as subscribers to a $0.20/unit PP (shares plus half-warrant @ $0.30/share strike price). Interesting to note that by the time the PP closed the shares were trading at about $0.55/share, so the placees seem to have gotten one hell of a deal. What a shrewd and lucky lot!

Henceforth did the pump well and truly begin, including this podcast appearance by the Maven within mere days of the PP closing. The placement holders didn't even have to wait the normal four months either, as ZNK changed the tersm to allow them to liquidate 25% of their holdings at the end of February, while it was still a forty cent stock. Thay got another 25% out in May, but by that time the collapse was in full gear. The stock has since done a 10:1 rollback and now trades for $0.06/share (or $0.006/share on a pre-rollback basis, i.e. less than a penny). If you'd bought shares at $0.50 (pre-rollback basis), you would have made a whopping return of negative 98.8%. What fun for Maven subscribers!

The simple fact is that 90% or more of junior mining NLWs are pumpers looking to dump their cheap shares on their flock, the latter of whom actually pay for that masochistic privilege! NLWs, by and large, are promoters full stop. Far from adding luster to a story, their involvement in a stock should be viewed by anyone outside that company's inner circle as a kiss of death.

Thus Article Mailbag on Kootenay Zinc (ZNK.cse)

That's an article Mailbag on Kootenay Zinc (ZNK.cse) This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Mailbag on Kootenay Zinc (ZNK.cse) with the link address https://todaysand.blogspot.com/2018/12/mailbag-on-kootenay-zinc-znkcse.html

Tweet

Subscribe to receive free email updates: