While we have got used to seeing paid pump jobs occur exclusively on the OTC marketplace, there are rare exceptions every now and then. Gevo, Inc. (NASDAQ:GEVO) is a clear example
in this respect and this stock has now got the attention of such promoters as PennyStockFinder
just to name a few.
Albeit listed on a premier stock exchange, GEVO's days on the Nasdaq are numbered due to the company's inability to keep its price above the required minimum for quite a while now. Stakeholders are well aware of this potential hazard, which is why it is no wonder that some of them might have resorted to promo-like measures.
As it is, the promoters mentioned above all belong to the BlueWave Advisors LLC group. The latter has been notoriously known for a large number of paid pump jobs in pennyland for quite a long time now. That is why, the fact that there is no dollar compensation this time around does little to mitigate the risks associated with paid promotional campaigns in general.
Of course, this does not mean that the pumpers are doing it for free. On the contrary, one of BlueWave's executives reveals to have acquired a total of 20 thousand shares of common GEVO stock at $1.85 per share. Needless to say, the holder of these shares will waste no time shorting them at the first convenient moment and by convenient moment we mean the instant at which the promo hype succeeds in pushing the price of GEVO shares above that level. Considering that GEVO is currently quoted at $1.98 per share, or 7% higher than the $1.85 threshold, the hazard is more than real.
Last but not least, do not forget that artificial methods for inflating the market value of a particular stock rarely work out in the short, let alone the long term. The current campaign is trying to wave a magic wand and resurrect a stock that has been on a steady decline for months on end. Good cause, wrong approach.