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what is a pump and dump well leonardo dicaprio made it famous on the movie the wolves of wall street it was a phone room where people called investors and pumped up a stock and got the price up and then dumped it uh to take the profits well that's pretty much been closed down and policed and so now though the investment markets have moved to youtube uh there's a huge audience if we gauge the size of the audience from some of the leading uh youtubers it's somewhere in excess of two to three million people who every day or regularly go to youtube to find the perfect buy the the stock that's going to make them rich and as is the case there are wolves out there who are going to take advantage of you i discovered in fact i fell victim as a youtuber to one of them and i want to share that with you and then i want to share my learnings on how i would now look at stocks to identify them as a pump and dump and that's what i'm going to do in this video [Music] best of us investors presents carrie greekmeyer okay i'm kerry grinkmar i'm a retired financial advisor and i got to admit um they they caught me ripe they they came to me and said we've got a company that we want you to promote and we'll pay you to promote it you and you interview their ceo and um and we'll pay you to do that it's a mining company in canada um then there was a psychedelic company also in canada that you interview the ceos and and will promote this stock well unbeknownst to me and what i have learned in the last several days is that if you don't have a lot of money invested in a company such as a gold mine that uh you picked up for 150 000 and it was a listed company that was basically bankrupt but you picked up the entity for a hundred and fifty thousand or whatever and then you create it on paper a company and then from that point you then got youtubers to hype the company you could do this with um any kind of craze there's now a craze for plant foods um where again you can create it on paper and it looks really good there's uh opportunity in biotech again you can have little or no employees and no physical structure thus very limited investment but you can tell a good story and you can get a youtuber who has a good following to help you tell that story this the individual or the one that comes to mind was a mining company back in july it had a um a value of our price on his stock of 22 cents and that represented a market cap of 3 million well over the next several months from july through uh today their ceo went on uh youtube numerous times being paid the youtube channel and they pumped that stuck on stock up today it is up to two dollars and 23 cents so they had a tenfold uh increase so a three million dollar stock became a 30 million dollar stock now in as he the ceo said he and his family own 30 of that stock so at at 3 million um they own they had roughly uh a 1 million dollar uh investment opportunity thus they by taking the stock up to twenty to two dollars and twenty three cents that is now a thirty million dollar market cap and his 30 went from 1 million to 10 million dollars that's a pump they haven't dumped it as of yet that i know they may be trying to get it up to 4.46 i don't know but that's how it works and as i said i was a victim of it how did i become aware of this well i have a discord best of us investors dot com you'll find a link to the discord in the discord they um one of the members uh saw a video the video was done by uh cass gaines academy i'll put a link to it in the description and this gentleman who lives in california went through and explained uh exactly the letter that he received from a company that we will leave unnamed at this point because we don't want to be sued and the inquiry to him to promote some stocks mining stocks in canada for him he refused to do it uh i compared he put his letter on uh his video and i compared the first letter that i received and it was word for word the same now he didn't bite and it came back and he was offered at that point as you'll see in the video some astronomical some some five-figure sum to do a video and then another five figured sum when he did a follow-up video he then alerted us to it and named some youtubers who participated heavily in it uh luckily he didn't share my name but i want to raise my hand and say yes i got sucked in but i didn't get any anything like a five figure fee so i want you to be aware of that i've then done some other research and you learn from your mistakes and what i want to share with you now is how you can identify what could be a pump and dump and the few steps that you need to take in order to avoid this happening and i use a research tool um called seeking alpha to get into the financials and the structure of the companies and look for some key elements to find out if in fact they are a potential pump and dump so let's go to my computer screen and go to uh seeking alpha and see if you can't see what i see now after i realized what happened i was a victim of the wolves of wall street on a pump and dump so let's take a look at it okay we're at seeking alpha here and we're looking at uh calinex mines it's a canadian company and we can see that uh the 52 range has ranged from 22 cents up to 3.26 a pretty good that's a more than a 10-fold increase closed uh on friday at 3.15 cents and there we see our graph and here we have a profile of of what they do and that they own the substantial amounts of land in canada in residence county and northwestern brunswick they have been in business for 2000 far since 2011. i happen to know that uh the current ceo uh bought the company from some 80 year olds for a very measly sum and took over the the money or took over the the mining and uh what i want to do then is come down here and see a little bit they have a market cap currently of um uh 3 30 million if the price was down around 30 cents and it's now around three that means that uh back in july that market cap was more like uh 3 million here's where i'm interested who owns this stock and what i find is that 99 of the stock is either owned by the employees or by the public now the public could be somebody related to the employees or somebody close to the employees this is the number that scares me institutions that is mutual funds uh banks uh finance companies um hedge funds have not taken any interest in this stock and very little in corporations less than what is that about a half of a percent of the outstanding stock is actually owned in this capacity so this tells me there is no validation of the increase in price other than public um uh interest and that public interest has come from as um i said in the video actually from youtube has created this this uh this interest now i want to look at the financials and i particularly i want to look at the balance sheet and what i'm going to find here i'm pretty sure is not much of any as you can see there are just tiny numbers here there's no there's no major change in the uh uh in the finances they're not making any money um and then they don't have any earnings to speak of where i want to come is down here in outstanding uh total shares as you can see uh they haven't increased the shares of the company all that dramatically and that's because they aren't raising capital and thus they aren't diluting the actual shares of the owners now this is uh 3d systems corporations ddd i bought this stock um about three weeks ago and as you can see it's 52 range has uh been from 4.65 to 35 dollars almost a 10 fold well not quite a 10-fold but you can see it's i had a good surge again if i want to from here in seeking alpha i can look at various analysts and i can look at various news to give me some good facts and figures on the company what i again want to look at is stability it's a company that's been around since 1986. obviously it hasn't been in probably 3d printing that long and it has 2472 employees very different from the company we looked at that had no employees its earnings aren't growing all that fantastic but i believe its earnings are going to grow substantially as 3d printing becomes more and more dominant in the world of manufacturing again where i'm going down here as you know is who owns this company this is something that makes me feel very strong institutions own 62 thirds of this company and that tells me they've done their due diligence they're smarter than me and in fact they have um blessed this company as somebody that they they want to own so i want to own it uh i don't believe it's a pump and dump individuals and insiders 3.56 percent and the general public 29 this makes me feel very warm and fuzzy now what i want to do is go again see if there's anything that looks peculiar to me in the um the distribution of shares so i go to financials then i go to balance sheet and i page down and i'm looking for um total shares and i see that the total shares from 2015 um that's probably 111 million have grown to 124 not a large dilution of the values of the stock so i look at this and say this is the kind of stock that i want to own i believe it has a strong future because i believe that manufacturing is moving to the united states as a result of the broken blockchain and i think this is something i want to own so that's how i use uh seeking alpha to to give me confirmation that a stock that i have an interest in that is in a space i want to invest in is legitimate and is not a pump and dump so now that you know it's there and now what that you know that what the wolf looks like and how you can identify a actual good stock from a pump and dump you you shouldn't have any more problems or many more issues the crazy thing about this is though that if you get in on the pump end of it you can make some money you just got to be careful that you aren't there when the dump occurs when the owners of the stock say okay we've done enough we want out we're selling and they start selling and it starts falling they get their 30 out and your 70 crashes and it's worth nothing so that's how i learned about it i am 76 years old i'm a retired financial advisor and what you just got to make sure is that if you make a decision you want to go for a penny stock that you can validate that there are institutions that there are hedge funds that there are people who have more resources at their command that have determined that it is in fact a legitimate company because these can just be smoke and mirrors and you don't want to getting caught of that i believe as a result of my discord and my sharing with my tribe members that i was getting out i did no harm and in fact the companies that i uh did get involved with are all higher than what the price was when i uh promoted them i won't be doing that anymore so you folks who are involved in this kind of scheme don't write me anymore i get enough emails as it is we are going to be doing any promotional videos of this sort anymore on best of us investors dot com that's a promise and i'll keep it [Music] you