PENNY STOCKS NEWS

Penny Stocks Defrauder Returns to Society

January 09, 2011 (PennyStocksCapitalist.com)

In the late 1980s and early 1990s there was a man who defrauded many out of their hard-earned money in the penny stocks arena. His name is Robert E. Brennan and he milked investors out of millions of dollars.

After running from the government, he was caught and put in prison. It’s been ten years and Brennan is now a member of society. According to sources, he was working at RKE Athletic. He’s since quit and his future plans are unknown.

Brennan used to run boiler rooms, namely First Jersey Securities. His commercial featured him in front of a helicopter, living the lavish life and asking would-be investors to “come grow with us.”

His life’s story serves as a reminder of the “pump and dump” swindling that remains a part of the financial sector. As for Brennan, he has over $100 million in judgments against him at last count. In the 1990s, the SEC won a $75 million judgement against him and collected $29 million of that. According to an agency spokesman, they intent to collect the full amount.

Grid Petroleum Corp – Price Index Target Double Current Price

UK based independent oil and gas exploration Company, Grid Petroleum Corp (NASD OTCBB:GRPR), has a new price target that’s 100% above its current trading price.

Research company, Cohen Independent Research, Inc., has evaluated Grid Petroleum and given it a new Price Index Target of $2.26 per share. The price is based off of Grid Petroleum’s global oil and gas expectations and their position in the oil and gas exploration industry. Read more

Fresh Harvest Products – Walgreens Deal, Possible Gain

Keeping an eye out for penny stocks looking to heat up, we noticed Fresh Harvest Products (OTC BB: FRHV.OB). There’s been a Wal-mart deal, more on that in a minute, and volume may be heating up.

The stock closed at .0510 today and was trading between .04320 and .06 during the day. With a gain of 21.43% on the day, could this penny stock be poised to reach its 52-week high of .33 again? That would be an almost 700% profit climb. Read more

Clear-Lite Holdings – Appears to be Sinking

It’s being reported that Clear-Lite Holdings, Inc (NASDAQ OTCBB: CLRH.OB) is experiencing slumping sales and that the company is now going through liquid assets to survive. Are they on the way out or is there a penny stocks play here? Read more