Are you ready for the next 500% plus penny stock winner? Georgetown Corp. (OTC: GTCP) announced today that it is cancelling 265 million common shares and 25 million previously designated Class “A” preferred shares. GTCP closed Friday up 14.29% at 0.40 on almost no volume, 3,950 shares. The cancellation would bring the ready to serve pump and dump shares outstanding down to 275 million.
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The Company received a “Cease Trade” order by the British Columbia Securities Commission two weeks ago. (see here) That shouldn’t matter because they will not be pooping in their own backyard. GTCP would like to get the point across that the reduction of 200 million restricted and 65 million unrestricted common shares would appear to the novice investor as an important first step in the company’s growth strategy.
About Georgetown Corp.
Georgetown claims to be an exploration, or exploratory stage, company involved in the examination and investigation of land that may contain valuable minerals. What GTCP really is is nothing more than another North Springs Resources (NSRS), another Sunpeaks Ventures (SNPK / SNPKE), another Great Wall Builders (GWBU).
GTCP plans to provide oilfield services and equipment to independent and major oilfield companies in exploration, production and development of oil and gas properties, domestically and in selected international markets.
Bottom Line: These penny stocks, including the addition of GTCP, have all produced gains of over 500% for those who got in early and held on for, on average, one month. GTCP should be in the accumulation stage for speculators knowing the parties involved in the Company’s infrastructure being fully aware that it is going to be a pump and dump.
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