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Friday 29 August 2014

IRMGF (Inspiration Mining Corporation) pump-and-dump spam

Here's another pump-and-dump spam pushing a stock that as far as I can see is utterly worthless.

From:     WallStreetOTC Daily
Date:     29 August 2014 13:36
Subject:     This company is about to go ten fold.

WallStreetOTC Daily

August 29, 2014

Billlions in proven reserves just found

Dear Investor,

Every once in a while a ridiculous deal presents itself. IRMGF (or inspiration miniing corporation) is a junior miining company that has properties in Ontario, Utah and Chile and has just found massive reserves of nickel, copper platinum and other rare metals. Walstreet is about to start buying up shares in IRMGF this very quickly as it is so cheap right now trading at just under 10cents. I expect to see this hit a dollar next week. Move quickly.

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IRMGF trades on the Toronto stock exchange, it appears to have no income or cash assets but does have land holdings in Ontario. In May 2007 the share price was up to $6.82, today it is around one-hundredth of that at $0.073 a share, according to this data. There are around 75 million shares and options, which gives the firm a nominal market cap of $5.5m.

Trading levels are normally close to zero, but in late May and early June around 5.5 million shares were bought at about $0.15, since when the price halved.

Sometimes there is a pattern of share purchases just before the pump-and-dump operation, but that does not seem to be the case here.. so whoever is promoting this illegal spam run most likely already holds stock in the company.

Don't be tempted to buy stock in this company.. somebody is probably trying to cash out and is using this illegal method to try to maximise their returns. Normally when the P&D spam finishes, the stock price collapses leaving people daft enough to invest out of pocket.

UPDATE:  there have been many more of these over the weekend..

From:     SuperStocksTIPS Daily
Date:     29 August 2014 19:14
Subject:     This company just struck gold. Cashin on the rush.

SuperStocksTIPS Daily

If you are reading this now you must act very quickly.

I.R.M.G.F (inspiration.miining.corp) is about to blow up. They have just found billiions worth of minerals on their properties and the stokc is about to soar to new highs. My analyst told me that we could see shares go up by as much as 15 times in a span of days. Move fast before bargainprices run out.

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From:     WallSt Report
Date:     30 August 2014 11:33
Subject:     (IRMGF) has produced big gains this week!

Wall St Report

If you can get sharres in this company for less than 15cents you are very lucky. It is currently at slightly under 10cents but we expect that itll soar a lot today. I.R_M_G_F (inspiration miningg corporation) just found billlions in proven reserves, special, rare and precious mettals.

We expect to see shhares cross the 2dollar range next week. Act quickly before its too late.


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From:     TheWallStreet Journal
Date:     30 August 2014 15:46
Subject:     Critical news information read now

TheWallStreet Journal     Aug 30, 2014

If this company doesnt at least triple im retiring

My prediction is coming true.

I told you I R M,G:F, inspraition miningg corp, was going to soar to new highs.

Since the company discovered 4billion worth of proven metal reserves it has become the target of Walstreet invesstors looking to cash in on the rush.

Analysts are predicting a rise to over 1dollar in the coming weeks from a current price of 11cents.

Be swift and grab sharres first thing tuesday morning.

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From:     The OTC Bulletin Board
Date:     31 August 2014 18:51
Subject:     Gains of over 55 percent! Momentum is strong!

The OTC Bulletin Board®
Sunday, August 31, 2014

Happy labor day week end.

As you know , inspiration miniing corporation, IR:M,GF is up over 55% for the week on massive news on metals discovery.

The company is now sitting on more than 3billion worth of preciousmetals reserves. Sharess are tradinng at 11cents right now and are expected to reach more than a dollar each next week.

Move fast to grab cheapshares on tuesday while you still can.


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From:     StockWatch
Date:     1 September 2014 06:39
Subject:     Ready? Last reminder


Unknown said...

Any chance clicking any of the links in that email will load a virus/phishing on your pc/laptop?

Conrad Longmore said...

@isslert: I think the links in the email don't resolve.

Unknown said...

I've had around 10 of these in and around the weekend on my phone's IMAP account. They somehow slip past all blacklists and spam filters such as Spamhaus and SpamCop.

Their email domains tend to be very random. You often get a personal blog or portfolio site if you HTTP them. Are they unauthenticated SMTP relays? Shouldn't anyone report their domains as being abused?