Promoters Give Their All to Buyer Group International Inc (PINK:BYRG) Today

If we should point out the most heavily promoted penny stocks for the last six weeks or so, the shares of Buyer Group International Inc (PINK:BYRG) have most definitely made it to the shortlist. Having been a promoter’s favourite since early-February, BYRG has now triggered fierce discussions among most investors in pennyland. What is more, today’s pump in favour of BYRG promises to be the biggest ever as the number of promoters involved well exceeds a dozen. Is this development doing the stock any good, though?

Judging from the poor results the latest promotion have yielded so far, not in the least. In this respect, it is no wonder that BYRG stock has just become subject of a giant, multi-pronged promotion aimed at the stock’s performance in today’s session. The plain truth is that promotional emails coming from a myriad of different promoters started flooding our database as early as yesterday afternoon. At the time we are writing this article, the number of emails touting the stock has already soared to a whopping 47 with an aggregate compensation in excess of $300 thousand.

Since the new pump job on BYRG involves a whole army of distinct promoters and quite a few sponsors, one could only make an educated guess as to who stands behind this well crafted scenario. When we last covered BYRG on Feb. 4, the company’s O/S had been held by CEO David A. Bryant. Looking at the company’s 10-K report now, we see that Bryant still holds as amny as 25 billion shares of common BYRG stock, so no groundbreaking changes in the way the company is being managed appear to have taken place. Apart from a change that came out literally minutes ago regarding the appointment of Rudolph M. Dahl as consultant on financing-related issues.

The latter ix expected to aid the company with acquiring the capital it needs to get its mineral projects rolling. Given the notorious past of BYRG littered with numerous pumps every now and then, Dahl’s task will be a fairly challenging one. In this respect, attracting investors after having disappointed them a number of times is easier said than done. And the newest promotion in favor of BYRG just goes on to show that some lessons that should have been forgotten, have resurfaced again.