Western Sierra Mining

This mining stock, Western Sierra Mining, is being peddled by a suspected boiler room.

The details of Western Sierra Mining have not been verified as yet, but the fact that the stock is being sold by a suspected boiler room, does suggest that one should exercise caution with these shares.

What often happens is that a Company in desperate need of cash, tries and raises finances through boiler rooms. Boiler rooms use high pressure tactics to sell these shares, often being economical with the truth with respect to the type of share on offer (often restricted) and to the prospects of the Company in question. Ironically, the Company ends up with a small percentage of the capital raised, the vast majority going into the pockets of the boiler room traders.