Holey Dooley Batman did you look at these losers

This letter just showed up in my inbox not sure what to make of it.
http://newsletter.hotstocked.com/newsletters/view/Breaking_News__NXOI_Completes_First_Group_Sale_for_RandR_Advantage_Members-6132

A funny video report on GoIP Global, Inc. (OTC:GOIG)

Regardless all expectations and PRs before the release of the new GoIP Global, Inc. (OTC:GOIG) product, a few days after, the stock has lost everything it had gained the past month...

Crowdgather (OTC:CRWG) is hitting a wall of bricks

Can anyone tell me one good reason why a couple of video game forums have a market cap in excess of 70 million dollars??

And please someone tell me who is not being paid to promote the stock. These guys are hiring every digital IR firm available. But their tiny business totally does not justify the huge market cap. In my opinion this is where they hit the wall.

Sewell Ventures, SEWE.OB, OTC SEWE being touted in my inbox

Sewell Ventures, SEWE.OB, OTC SEWE being touted in my inbox

OK so I signed up for about 8 newsletters. Some of them are writing me several times a day and my inbox has become almost unusable. Trying to figure out which ones are recommending which stocks. Some are clear some are rather cryptic.

For Example I got this one from StockEgg:

"I will be announcing a new big pick Sunday night. Watch for my emails.

The market was able to rally at the end of the trading day Friday, so the momentum may continue into Monday.


GNAU, an alert from Thursday night closed up a whopping 66.67% on Friday!!



Also keep an eye on SEWE for this week also. SEWE is involved with the explosive growth Mixed Martial Arts sport, the company has cultivated synergistic relationships with top industry brands such as Tapout, U.F.C., Strikefource , and Gold s Gym.
Mixed Martial Arts is the fastest-growing sport in the country, a billion-dollar business and pay-per-darling that has had over 3 million households tuned in!
Check out SEWE s website http://7baseconsulting.com



They are the only TapouT R&D Training Center that is now showcasing all the new line of TapouT Worldwide MMA equipment. TAPOUT generated $120 million in revenue last year!
Keep in mind, SEWE just started trading within the last few weeks. So, this could be seen as a great ground floor opportunity within the fastest growing mainstream sport in the United States.


With all the demand in this rapid growing Martial Arts Sector, SEWE could really pop"

OK so he is plugging SEWE and GNAU. So I did some digging on SEWE. Here is what there auditors had to say:

Going Concern

We are in the development stage, have not yet achieved profitable operations and are dependent on our ability to raise capital from stockholders or other sources to meet obligations arising from normal business operations when they become due. Therefore, in their report on our audited financial statements for the year ended September 30, 2009, our independent auditors included an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern. Our financial statements contain additional note disclosure describing the circumstances that lead to this disclosure by our independent auditors.

According to their most recent SEC filing on September 30th they had $595 dollars in the bank. No that is not a typo and that is not short for $595 thousand. That is shy of $600. Some of you reading may have more than that in your pocket. Although the minor detail of not having any money has not stopped this company from agressively making press releases. I would definitely pass on this one.

His Prayers are Answered

Ben Bernanke is in for a second term. The devil you know is better than the devil you don't know.

QualityStocks had a nice write up today on Affinity Gold. Here was what the Newsletter said:

Affinity Gold Corp. (AFYG)

Today we are highlighting Affinity Gold Corp. (AFYG) as "One to Watch" next week, here at the QualityStocks Daily Newsletter.‏

Trading on the OTC Bulletin Board, Affinity Gold Corp. is a junior gold exploration company. Their focus is on the exploration, acquisition, and development of alluvial and open-pit mining concessions located within Latin America. The Company's core strategy is to acquire, prove, and develop high-grade low-cost gold properties, conducive to alluvial and open pit mining operations. This is in areas previously unexplored and inaccessible due to lack of infrastructure, prohibitive governmental policies, or political instability. Affinity Gold Corp. has their headquarters in Maple Grove, Minnesota, and a Latin American office in Lima, Peru.

The Company received incorporation as "Syncfeed Inc." in the State of Nevada on March 27, 2007. Effective February 10, 2009, they completed a merger with their wholly owned subsidiary, Affinity Gold Corp. Consequently, they changed their name from "Syncfeed Inc." to "Affinity Gold Corp." to better reflect the intended direction and business of their Company.

Affinity Gold's core strategy is to acquire and develop properties, through direct acquisition, joint ventures, or partnerships. The Company has their flagship project in southeastern Peru east of the Andean Mountains and situated in the heart of the Inambari River Basin. This is an area historically known for containing high concentrations of gold.

Through their 99.99 percent owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares in Puno, Peru. The property is in the Inambari River Basin on the flat plains region at an altitude greater than 1500' and accessible by land and air.

By land, the property is accessible in an 8-hour drive from Cuzco, Urcos, Quincemil and San Lorenzo; or a 10-hour trek from Juliaca, Azangaro and San Gaban. The property is also accessible by helicopter with a one-hour flight from Lima. The Company built a helipad to accommodate air travel to and from the site.

Affinity Gold has identified and begun negotiating additional concession rights within the area of their flagship project. They are also pursuing other potential joint ventures and land acquisitions in Peru and Mexico.

We have Affinity Gold Corp. (AFYG)‏ locked on our radar screens as 'One to Watch" next week, here at the QualityStocks Daily Newsletter.

Affinity Gold Corp. (AFYG)‏ closed today's session at $1.58 for no change. Volume was 2,400.



The story sounded great, but the 80 Million Dollar market cap was a bit of a turn off. According to their filings, on september 30th they had Property Plant and Equipment valued at 25 million dollars, but their cash position was a Paltry $20,000.

They did file an 8-k Right after that showing another $125,000 investment but I am not sure $145,000 is enough to justify the 80 million dollar price tag. For me, I will take a pass on this one.

Introductory Post

If anybody is reading this Hello. This is my new blog where I will be discussing which penny stocks are being recommended by which newsletters. I hope that my future readers will enjoy the site.