Wall Street Buzz Creates a Promo Buzz Around Lig Assets, Inc. (PINK:LIGA)

Lig Assets, Inc. (PINK:LIGA), one of the classic paid pumps today, pretends to be capable of ‘creating big dreams from small beginnings’. Are LIGA shares strong enough to withstand artificial promo tweaks, though?

It has been precisely five months since LIGA was last subject to paid advertising. However, once fallen under a promotional trap, falling again is only a matter of time. Yesterday, LIGA shares became a target for a two-pronged promotional effort led by StockRunway, on the one hand, and Wall Street Buzz, on the other. The former got paid $4,000 by FP Management, while the latter’s remuneration was slightly higher at $5,000 provided by The Vincent Group.

Both promoters see LIGA as a major player in the imminent housing revival following the devastating sub-prime mortgage crisis. In addition, JeffLove, Chariman of the company, recently published an open letter to shareholders covering a string of corporate developments, as well as future objectives.

Of course, Love draws a fairly optimistic future lying ahead of the company. Even though LIGA seems to be financially stable at the moment, it’s pink sheet status will hardly be taken seriously by investors. In this respect, becoming a fully-registered SEC filer could be a step into the right direction.

Nothithstanding the company’s potential (or lack thereof), investors would be much better off staying away from promoted stocks since pump jobs are organized to work in the best interests of the people behind them rather than the general public. If you do not believe us, simply take a look at the historical records of StockRunway and Wall Street Buzz for your reference.