- Report: #1130250
Complaint Review: PennyStockEgghead.com Nathan Gold - San Francisco California
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PennyStockEgghead.com Nathan Gold
San Francisco, California, USA
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PennyStockEgghead.com Nathan Gold Nathan Gold, Egghead, Penny Stock, Penny Stocks, Stock Market. Penny Stocks Egghead Nathan Gold Weekly Newsletter Emal Scam Dishonest Misleading San Francisco California
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Penny Stock Egghead or Pennystockegghead.com or Nathan Gold is an email newsletter service in which they claim to do sound research on various Penny Stocks and provide one company per week that they suggest will explode!.
When an individual reviews the website, it makes a person think they can grow their $1000 initial investment into Millions by investing in small Penny Stock companies that are on the verge of exploding in value, thus producing huge returns on your initial investments.
The site (or Nathan Gold - nerd guy) claims to do intense research and have the skills to pick the one stock or company that will explode into new highs. This is very misleading as within the site's disclaimer, it clearly states that they get compensated for the marketing and promoting these penny stock companies. Each email has a disclaimer stating that they have been compensated for the marketing of that particular stock and how much.
Recently - as in January 14, 2014 - Egghead promoted the Stock SUBB siting some news releases and info about the company. However, in Canada, there has been a cease order on this stock. Why? because it's a garbage company with no real earnings. And they were paid $15,000 to promote the stock.
The issue is the way the site lures you in with promises of riches and of course falsely claims to have the knowledge, skills, and make it appear they are doing all this research. They are clearly not. They are getting paid to promote.
Also their disclaimer within the email is an image. It's not text that you can open or paste. So when users/email subscribers get emails to their smartphones, most can't read the small print included in the image at the very bottom or in most cases, it does appear in their phone.
Also, when you type "egghead" "scam" "pennystocks" "Nathan gold" - almost all the website reviews start off making it seem they are suspicious, but then clearly go on to boasts the email newsletters track record.
Well, if you're promoting a stock to thousands of subscribers and they all buy it that day, then yes, the stock will be "pumped" and then later "dumped" by the company that paid Egghead to promote it.
His newsletter is clearly a Pump and Dump which SEC does not support.
Please avoid his site/newsletter (or the companies with a phoney person by the name of Nathan Gold). I hope this gets to as many people as possible. Don't be Fooled!
