ARMM

My quest in the belly of capitalism continues with an email that I received on July 9 2004, from "Ethan Salgado" tywbsnatls@yahoo.com , urging me to buy American Resource Management, Inc. (ARMM), with a 3-5 days target of $0.34 from a current price of $0.11. This Company appears to be "dedicated to developing energy efficiency monitoring programs for commercial/industrial HVAC systems principally made up of centrifugal chillers and boilers". The only reason provided to buy is the announcement of an online service. Usual disclaimers follow including the 17(b) statement where they disclose that they own the stock and they are eager to sell it.

The online service must not have done much, though, since ARMM price has been obliterated since then, as the chart below shows:

Click on the chart to see it full size.


Categories: penny stocks

Picture posting powered by Hello.com