Saturday, July 30, 2011

Catching up with the American Power Corp (AMPW.ob) scam

Back in January this year your author wrote a post with the snappy title of "American Power (AMPW.ob) is a scam and today's most obvious shorting opportunity". At the time the stock stood at $1.15 and there was plenty of lend available, too. So here's how things stand today, six months on:



The stock's at 26c, representing a 77.4% drop from the date of publishing. Owl please:

Thank you, owl.

When people ask me how I'm so sure about these con jobs, the answer is always really easy: Check the Regulatory Filings. This isn't rocket science, just the application of plain common sense and it makes calling the currrent bullshit scam over at Portage Resources (POTG.pk) just as easy.