American Graphite Technologies, Inc. (OTC:AGIN) Can Make People Rich

American Graphite Technologies, Inc. (OTC:AGIN) is an opportunity for some people to make a decent profit. Before anyone gets too excited let’s clarify that: we’re not talking about retail investors. We’re talking about those who are in on the scheme.

As mentioned in a previous Hotstocked article, AGIN has been set up as pump job and that’s exactly what’s going on now. AGIN has been initially touted through a hard mailer campaign for $1.16 million. Recently a bunch of online newsletters with compensations ranging between $15 thousand and $100 thousand have joined the pump.

After going as high as $1.25 last Thursday, AGIN dropped 7.44% to $1.12 on Friday. For those who got in around the high that’s a loss, but for the people behind the pump it may still be an amazing price.

Any potential investor should consider the following. AGIN is run by a Mr. Rick Walchuck who bought 12 million shares for $350 thousand. Then in June Mr. Walchuck “gifted a total of 120 thousand shares to four unrelated companies, each receiving 30,000 shares.”

That’s 120 thousand shares unknown parties got for nothing. At that time Mr. Walchuck also cancelled 11,640,000 of the shares he had bought, only to effect a 125 for 1 forward split and end up with 30 million shares. As for the “gifted” shares they went from 120 thousand to 15 million.

So, that’s 15 million shares held by unknown parties, which got those shares for $0. If they manage to dump them at the current price levels that’s somewhere around $15 million from the air.

Graphite/Graphene was the focus of another recent, big pump job I covered. It was USA Graphite, Inc. (PINK:USGT). It’s now trading more than 90% down from the pump highs. We hope our readers don’t get lured in by promises of huge returns.