This weeks selected “pump and dump” stock fraud comes from the “St0ck Mogul Newsletter” (misspelled with a zero rather than an “o” in a futile attempt to evade spam filtering).
The pumped stock is RightSmile, Inc. a pink slip “penny stock” trading as “RIGH” that actually trades as low as 2 cents some days with volume often under 10,00o shares.
Recently the stock has been pumped as high as 4 cents on very light volume, but it’s currently just over half that amount so this is probably already in the “distribution to suckers” phase, or the “dump” after the “pump.”
