Goff Corp (OTC:GOFF) Doesn’t Have Enough Money

Creating hype through grand plans and promises for the future is not exactly a new play in the book for companies traded on the OTC. Still, it seems to work quite often, and it’s a play Goff Corp (OTC:GOFF) uses successfully.

Yesterday, GOFF closed up another 7.01% at $0.397 per share, and the volume reached 15 million shares.

While it’s clear that the main reason for GOFF‘s run are the pump efforts, issuing fluff press releases is a significant factor. GOFF issued one shortly before the open yesterday.

The company said it was planning to initiate a diamond drilling program on its Colombian project, “La Frontera.” There is an interesting sentence in the press release, which says GOFF “expects” to spend about $1.6 million on the Phase One exploration program.

That’s an optimistic plan, to put it mildly. According to GOFF‘s own filings the company should have about $5 thousand, seeing as how they haven’t announced any financing.

Such trivial, objective issues are unlikely to stop the pump-driven run of GOFF. Awesome Penny Stocks (APS) and the Victory Mark outfit continue to tout GOFF, and that may prove enough to further inflate the price of this rather poor exploration company.

As stated before, playing APS pump jobs can be profitable, but the risk involved shouldn’t be underestimated. Additionally, mistaking a pump play for a solid investment can be devastating. The chart of Swingplane Ventures, Inc. (OTC:SWVI) may give novice traders an idea of what we mean.