We have all seen the stockmauthority.com and pennystockwizard.com PPC adds over the last few months proclaiming that their new big pick was on the way and now after months of waiting SMA has officially announced Santo Mining Corp (OTC: SANP) as their new big pick.
SMA gained notoriety several years ago when LEXG exploded on the OTCBB to a high of $11.68 per share. Powered by hard mailer campaign and a massive short squeeze the likes of which had not been seen in years LEXG went higher and farther than anyone could have dreamed. Since then SMA has had several much less successful picks including RAYS and SEFE. RAYS never went higher than $2.51 per share while SEFE was a little bit more successful reaching a high of $2.96 per share.
SANP started trading Friday at the $0.95 range and quickly exploded to a high of $1.72 before falling back down the $1.60's range where it traded for most of the day. Towards the close SANP started moving up and managed to close at $1.70 pennies from the stocks all time highs.
According to their most recent pr SANP is an aggressive junior minerals exploration and development Company, based in the Dominican Republic. The Company is actively pursuing acquiring and exploring of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic.
SANP is short on substance and long on hype; their emails that boast a $3.85M total production budget (most likely hard mailers) proclaim: "Tap into the Next Gold Rush Global gold demand could top 4,400 tons this year - worth $221.5 billion - an increase of 16% over 2011. One company has secured claims in the heart of the Western Hemisphere's richest gold find - containing about $40 billion of the Midas metal. Early-in investors in this ONE stock pick could turn $10,000 into $100,000…
According to their filings SANP was incorporated in the State of Nevada on July 8, 2009. From inception the company was engaged in the operation of a website portal, drdentalspa.com, where both dentists and patients could access dental information, as well as operating a teeth whitening business. After realizing that this business was a complete dead end or maybe not sexy enough to launch a multi-million dollar stock promotion on management decided to redirect the business and pursue mineral exploration property with the focus on gold and other precious metals.
While Santo Mining has recently acquired some claims in the D.R the Company is not currently mining any Gold and they never will. What really matters here is Stock Market Authority (NYSE:SMA) the documented $3,850,000 promotional budget for SANP and the 25,462,496 free trading seed holder's shares (purchased at an average price of $0.0013 per share) which are currently being liquidated.
Conclusion: Santo Mining Corp (PINK: SANP) is a stock promotion by SMA famous for previous stock promotions such as SEFE and RAYS. While the promotion continues we can expect a continued move up marked by significant volume and lots of NEWS coming from the Company. Once we get over the $2.50 mark the short position will become increasingly more aggressive and then it's only a matter of time before they destroy this thing. Remember to take your profits everyone, SMA picks can drop 80% in minutes - when the end comes and its coming you don't want to be left holding the bag.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.