Endeavor IP Inc (OTCBB:ENIP) Refuses to Bounce

6ENIP.pngIt’s been exactly a week since 900 Percent Stocks, the leading outfit in the $1 million promotion for Endeavor IP Inc (OTCBB:ENIP), sent us their latest email. Back then, they were saying that the ticker is in for another great run due to November 19’s press release which informed us that ENIP have received a notice of allowance from the USPTO.

The share price was hovering around $0.90 and the pumpers said that it is poised to reach $1.20 in the next two days. In reality, the following day ended with a painful drop and although Friday’s session was closed in the green, the ticker failed to make a proper bounce. This is a trend that seems to be continuing this week as well.

Monday saw some positive trading, but yesterday it dropped once again by no less than 10% and even today, things are not looking well. After just half an hour of trading, the ticker has lost around 7% of its value, but, perhaps more worryingly, the volumes are fading which could suggest that people are slowly but surely losing interest in ENIP.

Some traders are starting to ask themselves: “Is the promotion over now?”.

Well, on the face of it, it would appear so. Which is somewhat illogical since, as we mentioned already, the budget amounts to no less than $1 million. When you think about it, however, you will see that the promoters have a very good reason to be keeping quiet at the moment.

The SEC has been hard on the heels of the more expensive pumps in Pennyland recently and this has been particularly noticeable over the last couple of weeks. First, on November 15, Sovereign Lithium Inc (OTCMKTS:SLCO) received a trading suspension, then, a week later, Life Stem Genetics Inc (OTCBB:LIFS) went through the same treatment, and minutes before the start of today’s session, we learned that Nevada Gold Corp (OTCBB:NVGC)’s pump has also been cut short.

With those out of the way, there aren’t many multi-million dollar promotions left on the OTC Markets and if the SEC decides that some more intervention is needed, ENIP becomes one of the prime candidates for the axe. A potential suspension will be absolutely devastating both for the people who fell for the promises of wealth and fortune, and for the pumpers themselves. As we mentioned in our previous articles, Central A Marketing, the entity managing the huge pump budget owns a stake in ENIP and we’re quite sure that they would like to sell it at a decent price which might be a bit tricky, if the company sports a Caveat Emptor badge. This means that ENIP is left to its own devices and it seems that it’s not doing too well.

Still, we mustn’t write off the pumpers just yet. The budget is big enough for the campaign to continue which means that future 3VEND.pngtouting either through the emails, or via an alternative medium won’t be a surprise.

Speaking of which, another expensive promotion that is still running is the one for Fresh Healthy Vending International Inc (OTCBB:VEND). As you probably know, the ticker is touted for a total of $1.3 million through a hard mailer brochure, but the chart on the right shows that things aren’t going quite according to plan.

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