A New Line Of Pump Emails Push Abby Inc (OTCMKTS:ABBY) Lower

[[tagnumber 0]][[tagnumber 1]]The situation of Abby Inc (OTCMKTS:ABBY) is anything but rosy. Earlier this month we got some pretty exciting news concerning the first investment into The Evans Corporation. This, however, failed to raise much investor attention and trading remained as usual.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, a paid promotional campaign that was started in the same day as the press release did have an effect on the price of [[tagnumber 6]]ABBY[[tagnumber 7]]. It pushed it 34.78% down in the following session on a volume that [[tagnumber 6]]ABBY[[tagnumber 7]] hadn’t seen before.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is not very surprising, considering the fact that as the paid promotion will draw attention to a certain stock some investors will take a look at the company’s balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $1,265[[tagnumber 19]] [[tagnumber 18]]current assets: $4,518[[tagnumber 19]] [[tagnumber 18]]current liabilities: $383,699[[tagnumber 19]] [[tagnumber 18]]yearly revenues: $24,107[[tagnumber 19]] [[tagnumber 18]]yearly net loss: $1,489,674[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Needless to say, drawing attention to a company that has these numbers to show in its latest financial report will surely end in a drop. Still, as the emails stopped coming in we saw [[tagnumber 6]]ABBY[[tagnumber 7]] try to stabilize around the 10 cent per share mark and volumes dropped once again.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On Wednesday the company came out with another press release announcing the appointment of Evan Goldenberg, Vice President of The Evans Corporation as Director of the company’s auto brokerage division. The reason was the increase in retail sale volume and auto brokerage transactions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although that sounds very well another line of promotional emails came in to ruin it for everybody. After losing 30% in Wednesday, [[tagnumber 6]]ABBY[[tagnumber 7]] started yesterday’s session with an impressive gap up at $0.1125. The promotional emails that managed to push the dollar volume, however, also pushed the price and ABBY finished the day with a 14.29% loss at $0.06.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After a gap up in today’s session we see the ticker sliding down the charts once again. How low can it get is for time to tell. You should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]