ADB International Group, Inc. (OTCMKTS:ADBI) Pumped For The Very First Time
Yesterday we began receiving emails touting the company ADB International Group, Inc. (OTCMKTS:ADBI). Since re-entering development stage back in 2010 they have focused on providing water treatment technologies but have been dormant for most of the time.
The only significant event that marked some progress along their business plan was a cooperation and distribution agreement with Treatec21 Industries Ltd. back in December 2012. According to it ADBI were granted the right to distribute Treatec’s products in Australia , New Zealand, USA and Canada. Good thing that this happened because otherwise the pumpers would have nothing to gush about in their emails.
Even now the affiliates of Global Marketing Media, LLC. who are running the pump mainly through The Stock Scout, PennyStockCircle and PennyStockPlayers, found the space to refresh our geography knowledge regarding Earth’s water supplies. Well, we guess they had to do something to earn those $60 thousand received as compensation.
ADBI themselves decided to chime in and today right before the opening bell they released a rather curios PR article. In it they proudly announced that Treatec has been selected for industrial wastewater purification in Guangdong, China. That is a rather good news indeed but sadly it has nothing to do with ADBI. They don’t have the rights for China and they won’t get anything from this agreement. The good press will undoubtedly help them market their products better but that is all.
The company doesn’t impress with its fundamentals either. For the quarter ending March 31 they posted the following results:
- $2687 cash
- $2696 total assets
- $127 thousand total current liabilities
- $ZERO revenues since 2010
- $30 thousand net loss
After re-entering development stage ABDI have managed to accrue a deficit of 1.2 million And in 2012 they relinquished ownership of their subsidiary Centriforce Technology Corporation as well as their 50% ownership in Sub Sea Oil Technologies, Inc. The reason for the decision being that both assets were had no value at the time.
In early trading today the interest in the stock is already ten time bigger than the entire traded volume of the previous session. But the ticker is meeting heavy resistance going past its opening price of $0.095. The pumpers said they were hired for three days so we expect more emails to come flowing.
The surprisingly resilient Awesome Penny Stocks pump for Xumanii, Inc (OTCMKTS:XUII) is still going on. Today the ticker is getting some support and is 25% up after crashing for 3 out of the last 4 sessions.
Petron Energy II (OTCBB:PEII) also have a strong momentum going for them adding another 33% to their value after the amazing run of 525% they did on Thursday.
