Dephasium Corp (OTCMKTS:DPHS) Flattened By A Second Pump
A total of seven emails on Dephasium Corp (OTCMKTS:DPHS) were received shortly before the start of yesterday’s session. Darth Trader and The Stock Psycho (who received $90,000) said that “DPHS is set up to be a hot one”. Premiere Equity Reports and Greatest Stock Picks (both disclosing a $105,000 compensation) wrote that “DPHS is in for a wild ride”. Damn Good Penny Picks, Penny Stock Newsletters and Penny Picks (who pocketed “just” $20,000 for their campaign) on the other hand were “setting sights high for this one”. The results? More than 7 millions shares traded in a single day and losses amounting to 41%. Are we surprised? Not really.
The last days of May and the first two weeks of June were marked by another big campaign for DPHS. There were numerous emails from all sorts of promoters and there were even dodgy attempts to impersonate Awesome Penny Stocks (one of the most influential pumping outfits out there) in brochures distributed through the snail mail. APS themselves couldn’t care less since they were (and still are) too busy promoting Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) but despite their absence DPHS managed to move up and at one point on June 3 it reached $0.60 per share. Soon after, however, it all came crashing down and by June 10 the ticker was standing at $0.15. The rest of the month was pretty uneventful but yesterday’s fiasco brought the price further down to just $0.0643. As you have probably calculated by now, traders holding the proverbial bag are looking at losses of around 90%.
While the emails from yesterday certainly had an effect on the performance of the ticker, we should point out that the massive selling was probably also influenced by a press release that came out in the early hours of the day. It speaks about DPHS‘ listing on the Boerse Berlin Stock Exchange, it says the it was unauthorized and it was done by third parties as part of a scheme to naked short sell the stock. According to the announcement DPHS are going to consult with their legal counsel and take the necessary actions and that’s exactly what iTalk Inc (OTCBB:TALK) and Lot78 Inc (OTCMKTS:LOTED) said on May 17 and April 26, respectively, when they faced similar problems, but more amusingly, when you compare the three press releases, you will see that they are almost identical in terms of wording. So far, we have yet to see either LOTED or TALK take any legal actions against the perpetrators and as far as DPHS are concerned, we do have some reasons to believe that they are simply looking for an excuse for the horrific stock performance.
As we wrote in our previous articles, before the acquisition of Dephasium Ltd., DPHS went by the name Pay Mobile, Inc. A quick research reveals some quite disturbing complaints posted on RipoffReport.com about an investment scam performed by the former CEO of the company, Irma Colon-Alonso. Mrs. Colon-Alonso is still listed as the CFO, President and Secretary on the company profile at otcmarkets.com but a quick look at the 8-K form confirming the closing of the merger reveals that when it was completed she resigned from all her positions at DPHS. Her shoes were filled by a person called J. Francisco Terreforte and we managed to find no RipoffReports about him so all should be good, right?
Not necessarily. Before Play Mobile, Inc. the company was called Expertelligence, Inc, also a shell. When you have a look at the filings from that period you will see that the sole officer back then was called Francisco Terreforte. It’s starting to look like there are a couple of people running the whole thing and they are simply switching positions in order to make the acquisitions of private companies look a bit more credible. Of course, we could be wrong, but even if we are, we reckon that the horrendous crashes from the last couple of months and the intense pumping action are enough as far as red flags go.
