Stock Rock and Roll Still Touting Ghana Gold Corp. (PINK:GGCO)

If you take a look at the official website of Stock Rock and Roll’s latest pump job, you will most probably be amazed to read how the company’s management ‘has invested years’ in laying the foundations for its gold mining operations in Ghana. Nothing could be further from the truth as Ghana Gold Corp. (PINK:GGCO) has been focused on gold for no more than 6 months and is nowhere near striking gold as of now.

Prior to July, 2012, Ghana Gold Corp. had been known as National Pharmaceuticals Corp. The latter in turn had previously existed under the name of Medical Institutional Services Corp. Now, GGCO appears to be solely focused on developing a handful of mining concessions in one of Africa’s biggest gold producers. At least, managers have chosen quite a cosy place to control their gold endeavours as seen on the accompanying picture.

The current promotion in support of GGCO is aimed at ramping up the value of GGCO shares following their huge jump on Jan. 14 when GGCO closed trade at $0.21 per share, up 75% from its close last Friday. As it seems, the reason for GGCO‘s spectacular gain is attributed to the official Jan. 11 news about the appointment of a highly-experienced President & CEO of the company. Given investors’ overly enthusiastic response, it is no wonder why third party Microcap Innovations has unleashed a full-on paid advertising campaign to see how far GGCO could go.

Contrary to popular belief, however, GGCO slumped by 34% yesterday, dealing a blow to the hopes of all the interested parties involved in the scheme. Now that the damage is done, the company has just issued another bit of news in an effort to stop the free-fall. As it is, GGCO has acquired West African Projects Consult Ltd. – an entity which supposedly has a longer experience with securing concessions near prolific goldmines. Nevertheless, coming up with a positive forecast merely based upon that acquisition would hardly be a reasonable move.

GGCO‘s latest undertakings hint at a vested interest in mining for gold. Until its managers actually find themselves sitting on a goldmine for real, however, we would rather stay away from promoted stocks no matter what. The reason? Just look at what happened with the shares of SafeCode Drug Technologies Corp. (OTC:SAFC) and Casey Container Corp. (PINK:CSEY) when Stock Rock and Roll initiated paid advertising campaigns for both stocks on Jan. 7 and Dec. 13, respectively. The former has since written off more than half its value, while the latter has got barely got away with 41%.