PRLog (Press Release)– Mar 08, 2011– Could a single part-time employee run a $193 million company? (or is this just another stock scam….?)
Here's a perfect example of how ludicrous the stock scam industry really is.
Willow Creek Enterprises (WLOCD) is a roughly $193 million company on paper. It's staffed by a single, part-time employee who works out of a rent-an-office for $249 a month.
While it was busy being promoted as an exploration-stage mining company, the SEC filings reveal some very interesting information that somehow was left out of all the press releases and stock promotions:
* Willow Creek Enterprises had $0 in cash – down from a whopping $330 a year before due to bank charges and accounting fees. * Willow Creek Enterprises had $0 in assets. * Willow Creek Enterprises had $66,666 in liabilities (the devil IS in these details!)
And since they're an exploration-stage mining company, they reported on their 10-K form filed Dec 2010 that they plan to spend $35,000 for exploration over the next 12 months.
So this $193 million mining company plans on spending a whopping $35,000 on exploring mines? That's ridiculous on the surface, but considering they had zero, zip, zilch cash on hand, that could be considered an ambitious plan after all.
The crime here is how many investors get suckered into these stocks because of promotions, articles and press releases touting these sucker stocks as legitimate companies.
That's why Tim Sykes exposes and shorts these scamsters.
If you took Tim's advice on January 18th, 2011 to short Willow Creek Enterprises, you made 86% or so in just 3 weeks! Or $860 for every $1,000 you had in the trade.
And that's just part of what Tim does for you in his Penny Millionaire trading service. If you haven't checked it out yet, click here to find out all about this unique service…
http://forexprofitmultiplier.info/tim-sykes-penn y-stock- ...
If you're serious about growing your wealth in 2011, you owe it to yourself and your portfolio to check this thing out.
As far as I know, there's not a better, more experienced or more successful microcap stock trader around.
Think about it.
* He turned $12,415 into $1.65 million before he even graduated from college — all by investing in stocks under $5. * He ran a hedge fund for three years that was Barclays Ratings' #1 ranked short bias hedge fund the entire time. Tim focused entirely on stocks under $5. * He's been #1 out of over 50,000 traders on Covestor.com for the past four years in a row by trading tiny stocks exclusively. * His recent track record is one of the most impressive I've seen — 197% in 2008… 141% in 2009… and 55% in 2010. Because of Tim's total transparency, I'm easily able to verify that his record is 100% real.
As I've mentioned before, returns like that are enough to turn $25,000 into $3,077,152 in just six years.
Of course, the hype artists claim they can do that in a few weeks or months — but if that were true, we'd all be wealthy and spending our summers in the Hamptons!
Bottom line: You need to check out Tim Sykes' new program for yourself before it sells out.
Click here for all the details about the Microcap Millionaire program
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