One day after the end of the pump and dump on TagLikeMe Corp. (TAGG), another #2Flusher is busting out today: Global Resource Energy Inc (GBEN). We covered GBEN stock extensively after finding out that many former Awesome Penny Stocks promoted companies had insiders involved thinking it may be the successor to Great Wall Builders (GWBU). Since it has been sliding down a razor blade into a pool of alcohol to its 52 week low set yesterday, traders today will want to get out before that closing bell hits before getting one of those t-shirts:
“I bought a stock that Harry Lappa was the sole director of once and all I got left is this lousy t-shirt.”
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GBEN Stock Chart
Market Cap: 11.46M
Last: 0.161, up 0.091 (130.00%)
Dollar Volume: $439,025
Average Trade Size: 7,892
Issued and Outstanding: 71,170,997
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Global Resource Energy was all set to be the Awesome Penny Stocks pick prior to their announcement of Pristine Solutions (PRTN). What held it up was when Richard Glover issued PR stating that Atrius Holdings, LLC and Global Resource Energy, Inc. have failed to close contractually with Medusa Space for Mycroft Technology – contract is terminated. (see here)
Two weeks later, PRTN stock was on the pump and eery PR released by Global Resource Energy since has removed the “About Global Resource Energy” portion since its sole existence was all based on the MyCroft Fuel Cell technology they were supposed to have gotten from Atrius.
If you are seriously considering that Douglas Roe, one of the initial insiders of Sunpeaks Ventures (SNPK), would stoop down so low as to replacing light bulbs in a senior living center, you obviously don’t know his history.
About GBEN Stock
Global Resource Energy Inc., on April 25, 2011, received a resignation notice from Harry Lappa (NSRS Sole Director — APS pump to start 2012) as President and Chief Executive Officer of the Company. On the same day, the Company appointed Douglas Roe as its new President and Chief Executive Officer.
Click here to view the SEC filings for GBEN.
Bottom Line: GBEN is an absolute dog of a penny stock — a left over #2Flusher that couldn’t get pumped properly because of its poor set up and business model. If you’re playing GBEN stock today – bank them profits that Cohen is emailing you about every 15 minutes, but don’t be the idiot who owns it after the closing bell.
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