Starguide Group, Inc. (STRG) – Scam Promo Stock Headed to Zero
August 2, 2024
EXCLUSIVE RESEARCH REPORT
It looks like the fraudsters behind tickers such as NRHI, CLOW, and EVTK are back once again with another scam promotional email campaign floating around and a stock trending upward.
This time, we’ve got the emails.
That’s right folks and buckle up because as the title states, the scammers are back in a big way with a ticker that’s moving very similarly to the group’s previous scam ticker NRHI.
In case you’re not familiar, these scam tickers begin with an 8k filing which notifies the public that they have acquired a great new company.
Then, trading volume flows in and the stock sees a steady increase of double-digit gains each day. The only problem is the acquired company doesn’t exist and the stock suddenly becomes worthless.
The scam suckers in new buyers by way of an email promotion sent to unsuspecting everyday investors who are led to believe they’re investing on the ground floor of a great new opportunity. The target of the scam is usually seniors and elderly investors.
The email promises exceptional returns and urges the recipient to get in NOW before it’s too late. While these investors experience short term gains and everything seems to be going well, that’s when the scammers pull the plug and let the stock drop 70% in one day all while pocketing the cash.
The group is able to do this because they control the vast majority of free-trading stock, also called the outstanding shares.
The temporary stock increase is due to members of the group trading these shares and forth to each other to make it appear as if there is significant volume and interest. This is known as the illegal practice of “wash-trading.”
Wash trading misleads investors into believing that trading volumes for a security are higher than they actually are, potentially increasing legitimate trading activity on the security in the process.
Here is the email going around for the current scam, STRG.
We expect that STRG will top out soon at $12-$15 before a 70% one-day loss occurs.
Equity Edge Research predicts that STRG will be under $1 per share within a month of this posting.