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This company is starting to break out

Posted on 1/22/13 at 9:19 am
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/22/13 at 9:19 am
I don't know who sent this, but it surely must be legit. Amirite?



Hi, my boss informed me that our company just secured a contract to purchase <companynamedeleted>. This news is not out yet, you could reap large money. My corporation is focusing to acquire it for $1.27/pps. My corporation craves coal severely, they won't mine everything, but my corporation capable.

You must trade fast to earn fortune before it flies out to the everyone!
Buy $2000 of <xxx> on January, 22. It should bring a mil dollars instantly!
Posted by TJG210
New Orleans
Member since Aug 2006
28334 posts
Posted on 1/22/13 at 9:21 am to
Absolutely.......should be $4K worth and you'll have $2 Million.
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 1/22/13 at 9:23 am to
quote:

<companynamedeleted>


Dude, why you holding out on me?

Whats the company name



Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69894 posts
Posted on 1/22/13 at 9:24 am to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/22/13 at 9:52 am to
quote:

Dude, why you holding out on me?

Whats the company name


Because like the email says, I must trade fast to earn fortune before it flies out to the everyone!
Posted by GoCrazyAuburn
Member since Feb 2010
34858 posts
Posted on 1/22/13 at 10:32 am to
This is it!!!!!


I've been holding $2M under my mattress for the past 5 years waiting for something worthy to invest it in! Jumping on this today!
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
39848 posts
Posted on 1/22/13 at 11:02 am to
quote:

before it flies out to the everyone!


Made me think of Peter Pan for some reason.
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 1/22/13 at 11:10 am to
quote:

Because like the email says, I must trade fast to earn fortune before it flies out to the everyone!


Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4408 posts
Posted on 1/22/13 at 12:34 pm to
Is the company run by Samoans?
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35473 posts
Posted on 1/22/13 at 1:16 pm to
500 to 1 instantly! What are you waiting for?

Solly my engrish is so badly.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/22/13 at 1:45 pm to
I will post the company name and ticker later, along with discussion of how it did today. Today's intraday chart was indeed classic pump and dump. They only discernible news was that they released their 10-K ... and it is scary reading.
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 1/22/13 at 2:06 pm to
It is an email from Wiki about Bitcoin?
Posted by idlewatcher
County Jail
Member since Jan 2012
78893 posts
Posted on 1/22/13 at 3:06 pm to
You shouldn't be sharing these best kept secrets. This is a gem!
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2788 posts
Posted on 1/22/13 at 8:40 pm to
Pump and dump or insider trading - beware.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/25/13 at 3:47 pm to
quote:

Pump and dump or insider trading - beware.


Could have been both. The company put out a press release day before yesterday stating that someone unknown is pumping the stock. But the owners have a pretty strong incentive, so they could in fact have been involved.

The company was Liberty Coal Energy (LBTG) and it happens that if you got lucky there was plenty of money to be made. At market open it was about 0.02, went to about 0.10, then settled back down again and now is at 0.03. Of course, the promised acquisition announcement at 1.27 never materialized. That would have been one hell of a premium.

As I noted, their 10-K is pretty scary. Here are some choice quotes.

quote:

We were incorporated on August 31, 2007 as "ESL Teachers Inc." under the laws of the state of Nevada. Our original business plan was to develop and sell online employment services specifically for both ESEL Teachers and ESL operations seeking to hire teachers worldwide. On March 15, 2010, we changed our name to Liberty Coal Energy Corp. by way of a merger with our wholly owned subsidiary "Liberty Coal Energy Corp." which was formed solely for the purpose of the change of name.


So they decided to switch from teaching English to coal exploration. That sounds logical.

quote:

At present, only our directors and officers act as our employees of our company. We do not expect any material changes in the number of employees over the next 12 month period.



quote:

We have no history of revenues from operations. We have never had significant operations and have no significant assets. We have yet to generate positive earnings and there can be no assurance that we will ever operate profitably. ... We expect to incur significant losses into the foreseeable future. ... We have not generated any revenues since our incorporation and we will continue to incur operating expenses without revenues until we are in commercial
deployment.


quote:

As of September 30, 2012, we had approximately $11,365 in cash and cash equivalents in our accounts. We estimate that we will need approximately US $750,000 in working capital to fund capital and operational costs with respect
to our planned exploration phase. We do not have any arrangements for additional financing and we may not be able to obtain financing when required.
Posted by SM6
Georgia
Member since Jul 2008
8790 posts
Posted on 1/26/13 at 10:43 am to
Oh man that's just wrong lol
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 1/26/13 at 10:06 pm to
Could this be the next Google?
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