Penny Stock Pick Alert : The Ultimate Penny Stocks Fraud Bre-x - The Ultimate Penny Stocks Fraud bre-x
Bre-X turned from being a penny stocks organization to a billion dollar corporation in just four years, thanks to a hot tip that spread like wildfire among thousands of Canadian investors.
Fool's gold
Bre-X Minerals Ltd., a member of the Bre-X group of companies, was a mining enterprise based in Calgary. It did not make serious profit until 1993, when geologists John Felderhof and Michael de Guzman reported that a gold deposit with approximately 2 million ounces in resources was located in Busang, Indonesia.
To boost its credibility, Bre-X hired an independent consulting organization, Kilborn Engineering. Kilborn estimated the Busang site to have gold resources of approximately 70 million ounces with possible of as much as 200 million ounces, the largest ... [Read More - Penny Stock Pick Alert]
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