Current Status

This blog is not frequently updated because most case-by-case scam reports are now listed in subordinate blogs. At this point in time, most of my efforts are targeted at documenting employment scams in the Suckers Wanted blog.

2005-05-21

Pump and Dump: CWTD

This is a little odd in that it doesn't follow the usual patterns for pump and dump operations. We've seen this particular stock pumped via spam several times before, but they've been quite widely spaced out. Contrast this with the recent CDGT spam which came in an intense burst over a short period. Previous CWTD spams have been received on 2005-03-23, 2005-04-04, and 2005-04-12. This one was received from 69.229.116.251 (adsl-69-229-116-251.dsl.frs2ca.pacbell.net.) on Sat, 21 May 2005 10:18:58 -0000. Full text follows.

                         Major Financial NEWS was released Today
(SYMBOL:  CWTD)
Price: $1.97
Short Term Target: $27-$35
12month Target:   $50.00

     China World Trade Corporation SYMBOL: CWTD Reports Significant
Improvement in Operating Results for the First Quarter 2005
Thursday May 19, 1:18 pm ET
First Quarter Operating Revenues Increase Five Fold from the Same Period in
the Previous Year; Net Loss Continues to Narrow

  TIANHE, GUANGZHOU, China, May 19 /Xinhua-PRNewswire/ -- China World Trade
Corporation (OTC Bulletin Board: CWTD - News) announced first quarter
results and the filing of a Quarterly Report on Form 10-QSB with the
Securities and Exchange Commission for the first quarter, ended March 31,
2005. CWTD is set to move much higher over the next weeks with major trading
profits expected immediately.Don't miss out on this opportunity.May 23-May
27

    Financial Highlights for First Quarter 2005

     * Operating revenues for the first quarter were $1.9 million, a 530%
       increase from the same corresponding period last year.  The sharp
 rise
       was predominantly attributable to our Business Travel Services
 division,
       which was part of the acquisition of the New Generation group of
       companies in August 2004, and to our Business Value-Added Services
       division, which provides various consultancy services to our
 corporate
       clients.



       * Net loss narrowed sharply from $1.5 million for the same
 corresponding
       period in year 2004 to only $177,000 for the first quarter of 2005.
       This was predominantly attributable to our acquisition in August 2004
       of the New Generation group of companies, with their higher margin
       businesses. Net loss per share for the period ended March 31, 2005
 was $.01 compared to a loss per share of $.09 in the same period for the
       previous year.

     * Including unrealized gain of short-term investments (from shares of
       common stocks received as compensation for the Company's consultancy
       services), the Company reported its first ever consolidated income of
       $582,999 for the first quarter of 2005.

     * Gross profit margin reached 81.5% for the quarter ended March 31,
 2005
       compared to 38.8% in the same corresponding period in the previous
 year.

     * As of March 31, 2005, cash and cash equivalents totaled $1.8 million.
     
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3 comments:

Spotter said...

This is starting to look a lot more like traditional pump and dump now -- two more CWTD spams have arrived. One was received from 61.51.63.87 (WHOIS: China Network Communications Group Corporation, Beijing province network) on Sun, 22 May 2005 13:48:37 -0000; the other was received from 62.84.24.156 (WHOIS: Telia MultiCom Dati AS, Latvia) on Sun, 22 May 2005 17:09:13 -0000.

Spotter said...

Another instance has arrived, sent from 203.252.199.139 (WHOIS: SookMyung Women`s university, Seoul, Korea) on Wed, 25 May 2005 06:08:14 -0000.

Spotter said...

Three more have arrived. The first was sent from 63.146.40.33 (WHOIS: Qwest Communications, delegated to New Knoxville Telephone, Ohio, USA) on Thu, 26 May 2005 01:58:34 -0000. The second was sent from 220.87.74.124 (WHOIS: Kornet, Korea) on Thu, 26 May 2005 05:30:35 -0000. The third was sent from 220.89.214.8 (WHOIS: Kornet, Korea again) on Thu, 26 May 2005 11:57:51 -0000. None of these source addresses have reverse DNS addresses configured. No wonder refusing mail from such hosts is a popular anti-spam technique.