A new stock “Pump & Dump” campaign is now underway. Emails arrive from randomly spoofed sender addresses with a Subject line of:
“Watch this Company going up”
The email contents begin with the investment advice:
20% GaAIN ALlERT (SLMU)
SALAMON GROUP INC.
Sector: Solar Energy
Currrent Value: $0.03 (+20%)
3 days Tarrget: $0.10
7 days Tarrget: $0.20
The misspellings contained are typically intentional in an attempt to evade spam filtering systems…. good luck with that.
The email continues:
Salamon Group Inc. (SLMU), a leading designer of next generation electronic products and systems, announced today that the commpany intends on filing a new patent designed to provide new power to Air Conditioning Units.
It also generically references other patents held by the firm, but fails to mention:
- They don’t actually have any products being made
- Nor do they have any sales or revenue
- There are just two insiders with shares, the bulk of held by “John E Salamon”
- Trading volume of this pink sheet is essentially non-existent.
The email does suggests that you
“Add SLMU to your tiicker first thing Tomorrow morning…”
We suggest that you don’t.
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