Volume has dropped in Great Wall Builders (OTC: GWBU) stock for the second straight day even though the penny shares reached their high in yesterday’s trading session of $1.65. GWBU stock had 3,287 executed trades to close at $1.58, up 4.64%, on dollar volume of $18.45 million (12.55 million shares). Compared to both Tuesday and Wednesday, it is pretty clear that the smart money has left the stock and bag holders are owning GWBU stock now that the hard mailers have arrived.
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GWBU Stock Chart:
Market Cap: 552.71M
Prev Close: 1.51
Shares Outstanding: 349.82M
Short Interest: 2.87M
Great Wall Builders filed a form 8-K yesterday with the SEC to move their corporate offices and address: (see here)
Effective immediately, the Company has moved its corporate offices to the following address:
Via Kennedy 16/a Cap 40069
More inconsistencies with this penny stock since +43 is Austria and not Italy (+39). Probably doesn’t matter since the hard mailers have already arrived in mailboxes around North America. Once they arrive, they don’t sit on someone’s coffee table waiting for them to review it with their Financial Advisor. (see hard mailer pdf here)
Bottom Line: The penny stock of Great Wall Builders, GWBU, is the sloppiest pump and dump put together in years. The fake “we’ve been hacked” claims, the “cover fire” stock alerts on POS stocks to get traders scattering for info, and the secret banner ads placed atop the main website, all for a one week pump on a stock that’s regurgitating old news from 2011 for their iPollution acquisition.
That’s what they want all the short sellers to believe. GWBU has the “motts” and the structure to tae this stock into the $4 – $7 level easily before the end of the month. Will it? We will just have to see.