Georgetown Corp.’s GTCP Stock: Good Til Cancelled Promotion?

The wheels on the bus go round and round as the pump on Georgetown Corp (GTCP) gets ready to go full swing after the Fourth of July trading week. The Company announced their first of many announcements to come last week of a deal worth $100,000 for oil drilling supplies. Georgetown Corp. is operating through its wholly-owned subsidiary Synergy Oil Tool & Supply LLC.

Shares in the suspected successor to Great Wall Builders (GWBU), Sunpeaks Ventures (SNPK), North Springs Resources (NSRS) and Amwest Imaging (AMWI) have not officially kicked off, however speculators have been grabbing “starter sets” in anticipation.

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GTCP Stock Chart

Market Cap: 232.20M
Avg Vol (5 day): 45,806
Avg Vol (10 day): 29,813
Avg Vol (20 day): 14,602
Shares Outstanding: 540M
Float: 140M

About Georgetown Corp.

Georgetown is an exploration or exploratory stage company involved in the examination and investigation of land that may contain valuable minerals. The Company plans to continue its growth organically, search for new acquisitions, and expand geographically. Through its subsidiary, it provides 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.

To view the SEC filings for GTCP, click here. For a full due diligence on GTCP Stock, read our article titled:  Penny Stocks to Watch: Georgetown (GTCP) a Buy like SNPK?

Bottom Line: This is suspected to be the next of the highly marketed penny stock pump and dumps. Add GTCP to your radars and know in advance that if it is not the successor to GWBU, the shares could dump even though the Company is issuing news. See RARS for an example.

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