Is CPOW a Scam?

[wuming79 10]

Hi,

 

I came across this CPOW. The volume is like started to heat up. There has been a lot of bullish news from Reuters and one of these news is Goldman give a target price of $2. The other news is they have signed an open ended long term letter of intent (the 'Agreement') to supply the Chongqing Grain Group Co. Ltd. of China ('Chongqing') with crude canola oil and this Agreement has the potential to generate sales in excess of US$400 million over the ten year minimum expected life of the Agreement.

 

Does anyone knows how to tell a scam from a genuine growing/potential company?

[kuro 10]

Yes. A pump and dump scam. Maybe wait until it hits $2 and short.

 

"Goldman" is Goldman research, not Goldman Sachs and Goldman research was paid US$15,000 for their report. You do the math.

[ValueTrader 10]

Kuru is dead right.

 

If the infomation is in the public domain, then the market has already priced it in.

 

 

VT

[Ivano 10]

I used to believe in efficient markets also, but over the past couple years I have lost faith in the information available out there.