Global Quest Ltd (OTCMKTS:GLBB) Is A Big Dollar Promo

Global Quest, Ltd. (OTCMKTS:GLBB), recently announced the launch of Carepoint Nutrients, LLC; a subsidiary that will be responsible for the distribution of different lines of nutrient supplements. We made our own research on the company's products and found out that the company uses cannabinoids to provide relief from pain as well as sleep disorders. As our readers are usually interested in companies profiting from the legalization of Cannabis, we picked GLBB to be our new profile. However, we researched the company and saw something that we did not appreciate at all. In this article, we will warn you about it.Global Quest Ltd. was incorporated in the State of Nevada on January 16, 2015. But, the company's share price commenced to move very recently in April 2017. In this piece, we will tell you reasons behind it. But, first have a look at the returns delivered so far. The share price went from $1 to $6 in a short period of time. Sexy investment returns, don't you think? Yes, but be careful:SourceBusiness historyAs we said, the company was founded in 2015. According to the annual report, the business objective of GLBB was the following: "We will provide products and services on a subscription basis to enable a customer to purchase multi-cultural recipes, receive online cooking instruction as well as one on one customer support". The company planned to charge $1.99 per month for a monthly subscription or one time fee of $19.99 for an annual subscription to the company's services. We don't really know how long this company operated as the company's website is now down. But, it does not matter, as the business entity was sold some years later.On April 12, 2017, the previous owners of GLBB, Shim Kyoung Hwa, Shin Dong Hyun and Teller Financial, LLC, decided to sell the company to Mr. Larry J. Sherman. According to the agreement, Mr. Sherman acquired an aggregate of seven million shares, which represents 69.65% of the issued and outstanding shares for a small amount of money. Right after this agreement, the company's share price exploded from $1 to $6 making Mr. Sherman a wealthy man.The new business activity is very different from the previous one as we can see in the new business' website; the sale of nutrient supplements. The products are the following: Amino-Dyne Sleep, which is a safe, natural and non-habit forming product and "containing no drugs or herbs whatsoever" that helps patients sleep. The product contains "CBD (cannabidiol) Flax, amino acids, and polyphenols as precursors to help produce neurotransmitters that aid in a natural and restful REM sleep". We found the following product about the medicine on the website:

"Amino-Dyne Sleep doesn’t include nasty side effects like grogginess, disorientation, or, like with some medications, dangerous sleepwalking. It contains no hallucinogenic drugs and can offer you a natural, rich sleep – the way your body intended it." Source

The other product is called Amino-Dyne Relief, which serves for the treatment of pain. The key in this product is that it does not produce dangerous side effects. It is also a product derived from the flax plant and also contains polyphenols from fruits and vegetables.So what is the problem?GLBB sells revolutionary products. There is a new management team that arrived after the merger and is delivering extraordinary results. Isn't a great story? Well, it is not. We found out on this website that the company is being heavily promoted. Have a look at the amount of money paid to the stock promoters:

"WSG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed WSG has been compensated one million two hundred thousand dollars for coverage of the current company (GLBB) featured by a non-affiliated third party. WSG HOLDS NO SHARES OF GLOBAL QUEST LTD (OTC: GLBB)." Source

Stock promotion is not an illegal practice, but shareholders should try to avoid heavily promoted stocks such as GLBB. Why? Because if the business is not the most important thing of the company, once the promotion dollars dry, the share price may fall rapidly. Thus, buyers should be aware of GLBB, since if the recent stock jump was caused by the stock promotion, the share price may fall once the promotion stops.ConclusionGlobal Quest seems like an interesting play if investors do a small due diligence research. However, a more professional study reveals that the recent uptrend may not have been caused by the merger, or the new revolutionary activity. We believe that substantial stock promotion is going on at the moment in this stock, which is pushing the price up. Investors need to be aware that the company may fall in the near future, once the promotion ends. We encourage investors to be cautious and don't get left holding the bag. Buyer beware! We will be updating our subscribers as soon as we know more. For the latest updates on GLBB, sign up below.Disclosure: We have no position in GLBB and have not been compensated for this article.