On Thursday, February 23rd, Eric Van Nguen’s family of websites packed subscribers’s mailboxes with a new pick: America West Resources, Inc. (AWSR). Below follows the first:
Today’s pick is: AWSR
For our new subscribers, Welcome!
Congratulations to everyone who made big bucks on our previous pick. We initially announced it at 7 cents, and it ended up hitting nearly $2.
We are going to be announcing a brand new pick on March 1st the company is absolutely amazing.
It is in the coal mining industry. It currently has a contract with Pacific Corp (Warren Buffet affiliated company) to supply up to $175 million worth of coal.
It is currently fully producing a large amount of coal in Utah, and Yahoo finance has a target of $4.50 on it while it is only trading at less than a dollar right now.
As we research the company and build reports to show you next month for our announcement you can prepare by loading your brokerage accounts, and researching the coal industry if you want.
We think that this new pick has a chance of becoming our best pick ever!
Your AwesomePennyStocks Editor.
America West Resources
Rick Bourdeaux, Sales & Marketing
America West Resources, Inc. (NASDAQ QTC: AWSR), headquartered in Salt Lake City, Utah, is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to U.S. utility companies for use in heating water and creating steam used to turn turbine engines, and to ultimately produce electricity from coal fired power plants.
Though the stock ticker was mentioned only in the subject or title of the email, the description closely resembled America West Resources’ profile. In one hour AWSR stock exploded from around 30 cents to $1.80, walked down to $1 and closed at $1.29.
The following morning, however, an email from AwesomePennyStocks.com issued a “correction” to the previous day’s mailer:
For our new subscribers, Welcome!
We would like to advise everyone that our newsletter issued a few hours ago contained a symbol that was not meant to be here. It was a mistake on our editors’ part and we apologize for it.
As you know we had not issued any official alert on a pick, and NSRS remains our pick until approximately the second week of March.
NSRS retracted tremendously the past week or so, but with all the great news going on we feel that it has a good chance of bouncing at this point. Keep an eye on it.
In the meantime make sure you have closed your TDAmeritrade account because you will most likely not be able to buy our next pick if you are using that brokerage.
Instead consider using a reliable company like Etrade or Schwab. They are much better as they allow you to buy/sell anything you desire.
Lame excuses, aren’t they? AWSR stock tanked hard from the open though stabilized (somewhat) in later trading around 63-64 cents.
Interstingly enough, AwesomePennyStocks used a different mailing address in the two emails that were sent out on AWSR. The first email held the following address:
Centro Azteca S.A | 35 New road | Belize City, Belize POB1708, Belize
And the second:
Centro Azteca S.A | 10 Anson Road #16-16/6087, International Plaza | Singapore, Singapore 079903, Singapore
We’re now wondering if this new offshort account has anything to do with an attempt to avoid drawing attention to shady dealings with a not-so-long-ago NSRS promotion.
Our take on ASWR: announcement was on purpose, such as test of the market, or allocation funds for the initial payment to promoter, or showing the promoter abilities to the hiring party, or whatever else it may be. We think that an ASWR promotion campaign is underway. Period.
AwesomePennyStocks should clarify their new pick in March and March is just around the corner. Watch for AWSR news to flood market wires; unusual trading volume. We do, however, think ASWR stock will trade sideways for about a week before it sees any significant movement. Trade it smart!
There are also several similarities between Eric Van’s previous pick, North Springs Resources (NSRS), and AWSR. NSRS was announced in the same fashion as AWSR, with simply a mention of the ticker in an email’s header. That was in late December 2011 as a pick for January 2012. The stock then ran on rumor for an entire week and a promotional campaign followed the second week of January, heavily supported by North Springs Resources’ press releases. Gladiatorstocks, freeinvestmentreport and other Eric Van family websites followed with daily emails.