North American Oil & Gas Corp (OTCBB:NAMG) Touted by Tobin Smith
One could have thought Tobin Smith would keep his head low for a while, but they would have been wrong. North American Oil & Gas Corp (OTCBB:NAMG) is the new pump job of Mr. Smith.
Yesterday NAMG had an active session closing up 11.11% at a dollar on a little over 265 thousand shares. The notorious Tobin Smith isn’t the only one engaged in the pump on NAMG. The list of pumpers includes Penny Stock Circle and the rest of the Global Marketing Media newsletters.
The email distributing material from Tobin Smith’s NBT Equities Research, reveals there’s a $340 thousand budget behind the pump job on NAMG. In the email Tobin Smith is dubbed “Fox News alumnus.”
For those unaware, what stands behind this phrase is that Mr. Smith was actually fired from the Fox Business Network after it was discovered that he had been paid $50 thousand to pump the stock of Petrosonic Energy Inc (OTCMKTS:PSON).
PSON wasn’t the first tout campaign Mr. Smith was involved in. It was a surprise it took so long for Fox to figure out what was going on.
Like PSON and the other stocks pumped by Tobin Smith, NAMG has an alarming history. Before starting active public trading, the company effected a 19 for 1 forward split in November 2012. As usual, the company has a relatively short operating history and hasn’t generated any revenues.
Traders should approach any investment idea carefully and do their own due diligence. This is especially important when a stock is being pumped by paid newsletters.
