For more than three months now, we have been speculating that Georgetown Corp. (GTCP) would be the successor for Awesome Penny Stocks. After speculating and researching, filtering out rumors and chasing fake alerts, GTCP stock got its last bit of polishing Wednesday, dropping to 0.25 and filing an NT-10-Q and corresponding 10-Q within 3 minutes of each other.
Strap in for Thursday as it looks like we were right all along with GTCP.
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GTCP Stock Chart
Close: 0.25, down -0.10 (-28.57%)
As of August 14, 2012
Shares Authorized: 700,000,000
Shares Issued and Outstanding: 340,000,000
The former shell of Mackie Barch, CEO and President of Sunpeaks Ventures (SNPK), has generated gross revenues of $98,135 via its wholly owned subsidiary, Synergy Oil Tool & Supply LLC, which was incorporated in the State of Nevada. The subsidiary was established to provide oilfield equipment to both independent and major oilfield companies involved in the exploration, production and development of oil and gas properties in both domestic and international markets.
Considering there hasn’t been a chance for anyone to have bought into GTCP for less than 0.25, no need to dip out the front loaders if this is the Awesome Penny Stocks pick come tomorrow morning.
Research GTCP here:
GTCP Stock History
On January 10, 2012, Georgetown Corp. authorized a 400:1 forward split increasing its authorized shares to 750,000,000 shares: 700,000,000 common shares and 50,000,000 preferred shares. The forward split increased the issued and outstanding GTCP stock from 1,350,000 to 540,000,000.
On May 8, 2012, Mr. D. Melvin Swanson acquired control via 400,000,000 shares of the issued and outstanding GTCP stock, 74.07% of the total issued and outstanding, from Mr. Mackie Barch for $25,000.
On July 18, 2012, as part of the previous change of control, 200,000,000 shares of GTCP stock was cancelled and returned to the treasury.
About GTCP Stock
Georgetown Corporation was incorporated in the State of Nevada on May 26, 2010. On June 11, 2012, the Company established a wholly owned subsidiary, Synergy Oil Tool & Supply LLC, which was incorporated in the State of Nevada. The subsidiary was established to provide oilfield equipment to both independent and major oilfield companies involved in the exploration, production and development of oil and gas properties in both domestic and international markets.
Search the SEC filings here for GTCP.
Bottom Line: We suspected that GTCP would be the next promotion for Awesome Penny Stocks since May12 and tomorrow morning will confirm it. GroveWare’s GROV has all the same trimmings of a classic APS pick, but with them hiring pumpers for big money and filing the NT10-Q earlier this week, I made it clear that it was not going to be them unless they rectified that. Rectum? Damn near killed ’em.
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