WallStreetBuzz Trying to Recreate the Buzz on P.M.& E INC (PINK:PMEA)
In a recent press release, Jack Merck, the current CEO of P.M.& E INC (PINK:PMEA), boasted about how his company’s newly patented solar panels could potentially outperform the output by other conventional panels by a staggering 300% at a significantly lower cost. Paid promoters easily jumped on that bandwagon yesterday in an attempt to boost PMEA on the charts.
Although HotStockProfits, InsideBulls and PennyPlayOfTheDay joined forces to pump PMEA stock during the latest trading session yesterday, their efforts turned out to be a dismal failure in the end. Opening at $0.0775 per share, PMEA never took off as it peaked at the same value before slumping by a whopping 47% to $0.04 per share on a volume in excess of 2 million. The total advertising budget amounted to some $6,500. What have we got for today, though?
Following PMEA‘s sub-par performance yesterday, a third party called Microcap Innovation has just tried its luck by launching a brand-new pump job on the same stock. This time, the advertising budget of $4,000 has been allocated to Access Media Network Corp. (AMNC), which, using its wholly-owned newsletters WallStreetBuzz and WallStreetHottestStock(s).com, started spreading the word on PMEA less than a couple of hours ago. How are PMEA shares performing this time and is there any difference in comparison to the previous promotion?
Yes ….and no. Fifty minutes into today’s session, PMEA stock is up 37% from its Mar. 5 close of $0.04. However, this does not equal a 37% profit opportunity at all. On the contrary, such opportunities have been slim to none because PMEA shares opened at $0.0549 per share and have so far only peaked at $0.055, thus providing a maximal profit margin of … 0.18%. While we could not possibly know what the expectations of the guys at Microcap Innovation are, PMEA‘s market performance today certainly does not align with their interests.
The reason why this is the case might lie in the stark contrast between wishful thinking and reality as far as the company’s business is concerned. As mentioned above, PMEA pretends to have developed revolutionary solar panels that could satisfy the needs of billions of Sout-East Asians at a fairly affordable cost. So far, so good. Yet, the figures laid out in PMEA‘s annual report for the fiscal year ended Dec. 31, 2012 did nothing to make us believe in the company’s real potential.
Even though PMEA is currently enjoying a nice chart ride, it will hardly last till the end of the day as investors will start shorting their stakes sooner rather than later. As soon as they have got rid of their shares, the market value of PMEA will drop like a stone. If you need evidence, check out the promotional dossier of WallStreetBuzz we have compiled so far.
