Monster Pump Goff Corp. (OTC:GOFF) Strikes

Talk about the perfect storm. Goff Corp. (OTC:GOFF) is shaping up to be a monster of a pump job. Two of the biggest names in the penny stock pump schemes have united to push this stock.

Both Victory Mark Corp. Ltd. and Degroupa Tenner Morales Media Corp. (Awesome Penny Stocks or APS) are touting GOFF today.

The stock, which had previously traded only one day and barely got a volume of a thousand shares exploded this morning and is now trading at about $0.29 and more than 226 million shares have changed hands already.

If you are new to the world of pumped penny stocks extreme caution is advised. While the pumps of these two outfits sometimes give the opportunity to make some money on the way up, they ultimately end in disaster, and an untimely entry or exit can cost a lot. It’s even more dangerous for those who believe the touted stocks are anything more than pump jobs.

The previous “pick” of Victory Mark was Red Giant Entertainment, Inc. (PINK:REDG). After briefly reaching $0.20 it’s now trading down about 80%. Thier newsletters include Penny Stock Heroes, Select Penny Stocks and others

As for APS, their previous pump job was Swingplane Ventures, Inc. (OTC:SWVI). It was extensively covered on Hotstocked. It went as high as $1 per share on Feb. 20, but it’s now down close to 90%.

GOFF exhibits some of the usual characteristics of a pump job set up. Prior to the start of the pump campaign the company used to be a shell, and its stock had seen insignificant public trading, if any. Secondly, before any active trading had occurred, GOFF effected a 25 for 1 forward split.

The significance of these characteristics is that all the shares of the company had been held by seed shareholders and insiders. Those shares were acquired at extremely low prices. In the case of GOFF,  the company had issued millions of shares at prices ranging from $0.001 to $0.01. After the forward split the prices go further down to $0.00004 and $0.0004, respectively.

We trust you can do the math and come to an idea at what premium those “seed shareholders” are selling their shares now. Keeping in mind the history of the pumpers, it’s very likely GOFF can run for a while, and some traders could get some money out of it, but there is no telling how long it may last, especially since both pumper outfits are touting GOFF.