The latest penny stock to be manipulated by spammers looking to bid up prices for a quick pump and dump is Wellteck Incorporated.
Trading under WTKN.OB this stock is currently seeing very high volume as spammers and recipients alike attempt to play the game and get out before the shares crash back to earth.
Volume yesterday was in excess of 2 million shares, compared to typical trading of less than 10,000, indicating the pump & dump fraud campaign is underway and drawing in suckers even as we type.
While the .23 cents per share may sound cheap enough, the stock was recently at .12 cents and will probably be back there again just as soon as the current stock fraud campaign has drawn in all of the suckers it can, and the perpetrator’s then dump their shares.
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Tags: fraud, pump & dump, stock, Welltek, WTKN