Following the extremely brief "success" of his last pump and dump, Blake Insomnia Therapeutics Inc (OTCMKTS:BKIT), our favorite Chicago pump and dumper nick named "Napoleon" by those who work under him in his office, is now turning his attention to Horizon Minerals Corp (OTCMKTS:HZNM).When we say "success", we not talking about it being a successful investment for investors. It was a success for the pumper that was able to boost the share price then dump shares onto the investment public. The little man made out BIG time on this one.The BKIT pump started at $.91 a share, ran to $1.60, and is now sitting at $.74 a share. We called BKIT perfectly for our subscribers as we said that the pumper was looking for bagholders. We said last month:
We are now issuing an immediate SELL as we believe the dump is about to start. The person behind BKIT is a notorious pump and dumper out of Chicago and judging by the volume over the last week, the chart is telling us that the top is near.
Immediately following our article, BKIT started to fall apart at the seams as traders started to realize they were being hoodwinked. Furthermore, with a market cap of $39 million and just $4,783 in cash, there’s the risk of an SEC halt, just like the Chicago pump and dumpers last play, Preston Corp (OTCMKTS:PSNP). As you can see from the chart, what happened to PSNP investors is not pretty.As you can see, the BKIT chart had the similar spike and we expect the end results to be the same.Now the Chicago pump and dumper is looking for his next victims with HZNM. The promo campaign was kicked off this week with the newsletter OTC Expert sending out emails touting "Lithium On The Rise: A Brand New Fuel At The Ground Floor Level." The key for us was the disclaimer. It said:
Third parties and/or affiliates of OTC-Expert.com may at any time have a position in the securities mentioned herein and may increase or decrease such positions without notice which will negatively affect the market. OTC-Expert.com has been compensated $19,000 by a third party (SIERRA PUBLISHING INC) for an investor awareness campaign regarding HZNM. Any compensation received constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company.
Now OTC-Expert is ran by an individual equally sociopathic to the little man we call Napoleon. This menace out of South Carolina is a man who prides himself on buying expensive cars and blowing up multi million dollar companies like Musclepharm. Sierra Publishing Inc is the same company that paid the Wolf of Penny Stocks $45,000 for a one day advertising campaign. Digging deeper and we found an ad for HZNM on nasdaq.com written by Nathan Slaughter of the Street Authority. We clicked on the ad and it took us to a landing page touting HZNM. Written by a Shaun Roberts, it touts Tesla Inc (NASDAQ:TSLA), Elon Musk, and that HZNM is going to deliver triple-digit profits. The real key, however, is the disclaimer. It says:
Rich Team Consultants paid all of the costs associated with creating, printing and distribution of this advertisement. The publisher was paid the sum of five thousand dollars for his contributions. The advertiser will be managing a total budget of up to six hundred thousand dollars, provided by Rich Team Consultants for all online advertising and marketing efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. If successful, this advertisement will increase investor and market awareness, which may result in increased numbers of shareholders owning and trading the stock of HZNM, increased trading volumes, and possibly increased share price of the common stock of HZNM. The publisher has not undertaken to determine if Rich Team Consultants is, or intends to be, directly or indirectly, a shareholder of HZNM.
Who is Rich Team Consultants? Rich Team Consultants is a Hong Kong shell company that was set up in 2014 to act as a third party payer. Rich Team Consultants has a $600,000 budget on HZNM. Rich Team does not even physically exist. The company exists solely for the reason to just mask who is really sending out the money for this pump and dump.It may run a little bit but believe me when it falls apart it happens in minutes. Every single one of their deals follow the same patterns. Last Thursday this one traded roughly $250k on 75 trades. Extremely fishy. That would make the average trade size over $3,000.o0. This is unheard of. This piece of propped up garbage is not bringing in savvy traders but rather the little lost lambs.What do the SEC filings show? The latest 10-Q shows $181 in assets and $150,138 in total liabilities. Well, then what about the Lithium Claims?
It is unknown whether the Claims contain viable mineral reserves. If we do not find a viable mineral reserve, or if we cannot exploit the mineral reserve, either because we do not have the money to do it or because it will not be economically feasible to do it, we may have to cease operations and you may lose your investment.
Revenues?
Our auditors have issued an opinion on our annual financial statements which includes a statement describing our going concern status. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills and meet our other financial obligations. This is because we have not generated any revenues and no revenues are anticipated in the near future. Accordingly, we must raise capital from sources other than the actual sale of the product. We must raise capital to implement our project and stay in business.
We are issuing an immediate BUYER BEWARE to any investor that gets promo emails on HZNM. The company has a current market cap of $97 million with 30 million shares in the float waiting to be dumped on an unsuspecting public.Don't become a victim!We will be updating our subscribers as soon as we know more. For the latest updates on HZNM, sign up below!Disclosure: We have no position in HZNM or BKIT and have not been compensated for this article.
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