Georgi Kamburov

Great American Food Chain, Inc. (The) (OTCMKTS:GAMN) Skyrockets After Stock Psycho Alert

by Georgi Kamburov August 16, 2013
GAMNchart.pngYesterday The Great American Food Chain, Inc. (OTCMKTS:GAMN, GAMN message board) burst onto the market. The mostly dead ticker had been forgotten by traders but all that changed when The Stock Psycho and Darth Trader decided to improve their record and tout the company. Despite receiving no paid compensation for this service the two email alerts were all it took to propel GAMN to the sky.

The stock opened with a 100% gap up at $0.08 compared to the previous close and almost immediately started surging upwards. Lifted by the unprecedented interest it made a remarkable climb of nearly 1000% reaching as high as $0.8. But in a performance quite similar to that of Exlites Holdings International, Inc. (OTCMKTS:EXHI) from Monday, investors had little time to take gains as the stock started plummeting right back down. In the end GAMN closed at $0.11.

Yesterday was also the day GAMN submitted their quarterly report for the period ending June 30. According to it they can rely on the following financials:

 

  • $18 thousand cash
  • $442 thousand total assets
  • $4 million total liabilities
  • $511 thousand revenues
  • $55 thousand net loss

 

The company operates two restaurants in Georgia and are generating respectable revenues. The problem is that the amount of debt that is accumulated due to their operations is only getting bigger and bigger. For now they have abstained from issuing mass quantities of commons shares sitting at 7 million out of the 100 million authorized.

In early trading today the positive momentum has carried over and the stock is 65% up almost reaching 20 cents per share. We urge investors to take profits when they can because without any artificial hype the ticker may once again return to its 90ARTHchart.pngdormant state.

The pump for Arch Therapeutics Inc (OTCBB:ARTH) is still going on. But after spending more than $1.3 million on the promotion as of August 12 the involved newsletters have been posting increasingly lesser compensations in the amount of just $3500 for the services of 007 Stock Chat and PennySt0ckSpy.

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