When news hits and the stock doesn’t trade, one must scratch one’s head and ask what is going on here. Well, that’s the deal right now with well known APS connected Georgetown Corp. (GTCP) who announced two updates on their growth and expansion today. As of Noon today, not one share of GTCP Stock has traded which can only mean that the AwesomePennyStocks or Victory Mark pump is about to soon be opened for dumping.
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GTCP Stock Chart
Market Cap: 74.80M
Current Price: 0.22
52 Week High: 0.90
52 Week Low: 0.1751
Issued and Outstanding: 340,000,000
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Earlier today, Georgetown Corp. issued PR announcing themselves as “an oil firm that is booming” because of technological advances such as “directional drilling.” The creation of Synergy Oil Tool & Supply LLC, a wholly-owned subsidiary, was set up to provide oilfield equipment to both independent and major oilfield companies. It was also there to take the headline away from the Company name as was Easton Scientific Systems for Pristine Solutions (PRTN) and Start Technologies Europw I.G. was for Great Wall Builders Ltd. (GWBU).
The PR claims that the orders, $98,135 worth for the six months ended June 30, 2012, started flowing in almost immediately when the first sale, joints of used Double-White Band Drill Pipe and Hexagonal Kelly Drive Bushings Rollers, was followed by an order worth $447,778 for sale of various oilfield items.
As if the descriptive PR wasn’t enough, PR II for the day announced that James Guy Tucker, former Governor General of the State of Arkansas, has joined the crew as Chairman of the Board effective immediately. Tucker joins Happy Wells, CEO of Private Jets Inc., and Michael Marshall, CEO of Oklahoma Rig Fabricators, LLC and Five Star Rig & Supply LLC.
The PR states that “Together the Company believes this expanded leadership team will create an organizational structure that may allow Georgetown to sell more equipment and allow its service experts to focus on larger customers and dealers.” Traders see it as a great story for a pump.
About GTCP Stock
Georgetown Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. The company was formerly known as Yukonic Minerals Corp. and changed its name to Georgetown Corporation in January 2012.
On January 10, 2012, Georgetown Corp.’s Board of Directors, essentially Mackie Barch, CEO and sole director of Sunpeaks Ventures (SNPK), authorized a 400-for-1 forward stock split and increased its authorized shares to 750 million shares: 700 million common shares and 50 million preferred shares. The effects of the forward split increased the issued and outstanding common shares from 1.35 million shares to 540 million shares. There were no effects on preferred shares as there were no issued or outstanding preferred shares at the time of the forward split.
On May 8, 2012, Mr. D. Melvin Swanson acquired control of 400 million shares of the issued and outstanding common stock of Georgetown Corp., roughly 74.07% of the Company’s total issued and outstanding common stock, from Mackie Barch for $25,000.
Bottom Line: GTCP has been on the back burner for penny stock traders for months now. Today’s double-barrel PR shots could be the indication needed that this bird is about to take flight finally. If GTCP stock is on your radar, you know all about the Company already having seen the DD we conducted months ago so trade it responsibly.
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