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  • USGT Is An Illegal Spam Pump And Dump 6 comments
    Dec 9, 2012 3:29 PM | about stocks: USGT

    USGT is an illegal spam pump.

    Let's take a look at how USGT was set up as an insider enrichment plan before we get to the promoters pumping this junk.

    USA Graphite started as PTM Publications incorporated.

    They filed a SB-2 to go public on April 27, 2006. Michael Kessler was the attorney helping with the SB-2 filing (see below)

    ( click to enlarge)

    Michael Kessler is very familiar. He was involved with another company that used boiler room tactics to bring in suckers so insiders can sell their shares to suckers. The company was IDNG.

    IDNG went public as Oliver Creek Resources, INC by filing a SB-2 on Mar 7, 2006 .

    (click to enlarge)

    I got multiple phone calls from someone trying to sell me on IDNG during the summer. Let's take a look at a chart of IDNG

    (click to enlarge)

    Now lets get back to USGT.

    1,000,000 shares of PTM Publications were in the officers hands

    (click to enlarge)

    1,200,000 shares were sold for .05/per share to unknown group of shareholders.

    (click to enlarge)

    The share structured did not change for the next 4 years.

    From the 8-k filed Dec 15, 2009

    On October 27, 2009 all the officers of PTM Publications Incorporated resigned. Patrick Debolis was appointed new President, CEO, Principal Executive Officer, Treasurer, CFO, Principal Accounting Officer, Secretary, Treasurer and as Director.

    (click to enlarge)

    May 19, 2010 Patrick filed for a 22:1 forward split

    This left

    22,000,000 restricted shares in the officers hands

    26,400,000 free trading shares in the seed shareholders hands.

    July 15, 2010 PTM Publications Incorporated changed its name to "Magnium Oil Inc, by way of merger.

    (click to enlarge)

    Then April 17, 2012 changed the name of the Company to "USA Graphite Inc.", by way of merger.

    (click to enlarge)

    Another forward split.

    This time a 3.5:1 forward split.

    At this point.......

    Patrick owned 77,000,000 restricted shares( summer of 2011 he purchased rest of officers shares for $5,000)

    92,400,000 free trading shares in the seed holders hands.

    USGT was clearly put together for 1 reason, to enrich the insiders.

    Now the puppet Patrick DeBlois who did his job stepped aside, he resigned on November 8, 2012. Wayne Yamamoto took over.

    After all these events it was pretty obvious that a penny stock pump was just around the corner. Why do I say that? It is because the insiders can't sell their free trading shares if no one is buying. They always end up paying someone to pump their stock with bogus and overhyped propaganda. Essentially saying anything they can to get you buy stock so the insiders can dump on you.

    Now here comes the PUMP! Some insider paid an illegal spam group to promote USGT

    First emails starting hitting December 4 2012 at night as can be seen here

    (click to enlarge)

    An example of the content of the emails here

    Here is a picture of the most important part of the emails

    (click to enlarge)

    800k compensation. However, that is meaningless coming from law breaking spam pumpers. Can't trust them, not even their disclaimers.

    This group has illegally pumped other stocks in the past like BRND, IDOI, MSTG

    Take a look at how those stocks faired for investors.


    (click to enlarge)

    IDOI (in July/Aug it was pumped)

    (click to enlarge)

    MSTG( spam pumpers first pump)

    (click to enlarge)

    One thing is for sure that the spam pump is working and bringing in volume for the insiders to sell too.

    92,400,000 free trading shares in the seed holders hands.

    USGT closed friday at .67

    at these level these shares are worth $61,908,000

    Sweet deal for the insiders considering they purchased the shares for only $60,000

    (click to enlarge)

    Please do not be one of the suckers that make the insiders rich.

    To end this report I want to make sure you follow George Sharp on twitter . He is the one suing BRND,IDOI,MSTG and EMPM read here

    Private citizen, George Sharp, has named Premier Brands, Inc. (OTCBB:BRND) ("PREMIER") as an additional defendant in an ongoing civil action for violations of California Business and Professions Codes 17529.5 (Anti-Spam) and the California Legal Remedies Act. The complaint had already identified IDO Security, Inc., (OTCBB:IDOI) ("IDOI"), Empire Post Media, Inc (OTCBB:EMPM) ("EMPIRE") and Mustang Alliances, Inc. (OTCBB:MSTG) as defendants, as well as various officers and shareholders of those companies and others involved in a scheme allegedly to disseminate spam emails in order to artificially create a marketplace for the stocks of those companies at artificially high prices. The Complaint was filed by George Sharp in the San Diego County Division of California Superior Court (Case No. 37-2012-00101057-CU-NP-CTL) on July 23, 2012.

    He will most likely be adding USGT to the lawsuit very soon. When that is announced, it will start the inevitable dump process. Becareful and don't get caught in that, steer clear!

    (click to enlarge)


    Disclosure: I am short OTC:USGT.

    Additional disclosure: I am short only 1,002 shares of USGT and will be looking to add if I can find the shares to borrow.

    Stocks: USGT
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Comments (6)
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  • d0987
    , contributor
    Comments (2) | Send Message
    What do I do?
    I lost so much, should I just keep the usgt stock or dump what's left
    And bite the bullet?
    5 Feb 2013, 08:48 AM Reply Like
  • Penny Stock Realist
    , contributor
    Comments (423) | Send Message
    Author’s reply » Pump is over this thing wont come back. May have small bounce some time but who knows when. Next time listen to my article.
    5 Feb 2013, 09:31 AM Reply Like
  • navillusc
    , contributor
    Comments (11) | Send Message
    The next USGT from Bull Exchange - YFRM. Anyone looking to get rich quick from this stock needs to talk to me first. I have some great swamp land that will rocket in value.
    11 Feb 2013, 11:17 PM Reply Like
  • jeson
    , contributor
    Comment (1) | Send Message
    I have usgt and lost alot of money should i keep
    What ever is left or sell it?
    3 Feb 2014, 08:08 PM Reply Like
  • Penny Stock Realist
    , contributor
    Comments (423) | Send Message
    Author’s reply » If you sell it you can use it as a tax write off. Sorry to hear about your loss.
    3 Feb 2014, 10:33 PM Reply Like
  • bigblack
    , contributor
    Comment (1) | Send Message
    I used to lose a lot on those scam stocks, those pump and dump stocks are up to no good. I find this website call they call out those scam pump and dump stocks, before buying any penny stocks check it out. it's reliable. So far I have not lost anymore... The downtrend stops, and this site give some good picks...
    12 Mar 2013, 05:55 AM Reply Like
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