Northumberland Resources Inc (OTCMKTS:NHUR) Lost Its Footing Completely
If you are just starting your research on Northumberland Resources Inc (OTCMKTS:NHUR), you will probably go to their rather good-looking website, you might open the financial statement and you will see that the revenues section is not empty which, truth be told, is a rare sight for oil and gas companies in Pennyland. You will go to the forums and message boards only to see that they’re buzzing with activity and you will probably start thinking that something might be brewing around NHUR.
Your next move will be to check out the press releases and you will see their last two announcements about work starting at not one, but two new wells and after seeing the so-called “dip” on the chart, you will hurry up and buy some NHUR shares while they’re still cheap. Before you do that, however, let’s take a few minutes to see what NHUR is all about and why has it been moving so much in the recent months.
It all started a while back with this article published on a website called Financier Times. Don’t be fooled by the name, it has nothing to do with the real Financial Times. In fact, the footer of the page states that the website is owned by an entity called Pub Capital. Don’t be fooled by the fact that it says “Published on June 25, 2013”, either. It’s been a while since it first went live and proof of that can be found on this screenshot published by goodetrades.com where you can see that the publishing date is May 13. 2013.
Let’s get back to Pub Capital. If you scroll down below the comments (most of which are from June 23, which is one more piece of evidence that the article’s been online for some time), you will see a disclaimer written in an annoyingly illegible font which states that Pub Capital are managing a $3 million advertisement budget. It also states that they hold “a large amount” of NHUR shares.
But the optimistic article was not the only pumping vehicle Pub Capital used. They also took advantage of their newsletter on BillionaireStocks.com. So far only 4 emails have been sent to us and now it’s time to give a little attention to the results.
The alert we received on June 10, for example, said that NHUR could jump from $1.16 per share all the way up to $6 but as you can see this never happened and it probably never will. Instead of heading North, the ticker started to go down with the first minutes of the trading session. The descend was briefly halted when BillionaireStocks sent another email on June 23, but after three consecutive red sessions, it’s back down to $0.78 per share. The question now is: “Has the touting stopped?”.
As we already mentioned, the message boards are flooded right now and they have been for the last couple of days. Users post links from NHUR‘s website and they copy and paste information about the management team, chart setup and some even say that NHUR is poised for a bounce. The problem with that is, most of them are honest enough to admit that they’ve been compensated to create the Utopian picture, which suggests that pumpers might not be done with NHUR just yet.
You also get the occasional “Great piece of due diligence!” posts, but we reckon that what the paid users are plastering around the message boards is not really driven by a proper research. If you really want to find out some more information on NHUR, we would suggest that you have a look at some of our previous articles where you will read all about their connection with other penny stocks like National Graphite Corp (OTCMKTS:NGRC), Tiger Oil and Energy Inc (OTCMKTS:TGRO), Black Hawk Exploration Inc (OTCMKTS:BHWX) and Universal Potash (OTCMKTS:UPCO). You will also see the possible connections between NHUR and Mr. Kenneth Liebscher who has had quite a lot of problems in the past with his ThermoElastic Technologies venture. Even if you are not convinced by our findings, we reckon that you should definitely tread carefully and weigh all the risks before making any quick decisions.
