Affinity Mediaworks Corp (OTCBB:AFFW)’s Pump Continues

Affinity Mediaworks Corp (OTCBB:AFFW) is one of those companies that talks big, but actually has little to show. This is the probable reason for the pricey promotional campaign that started August 25, designed to artificially inflate their stock price. Well, it didn’t work out quite that way.

This week didn’t start well for the stock of AFFW. On Monday the ticker lost 48% of its value after the promoters started touting it on Sunday. Indeed, there was a heavy volume of 3.2 million shares that was traded but the diminishing price didn’t help generate much in trade value and they closed the day at around $316 thousand.

The promotion kept on going, but the ticker continued losing value, this time on lower volumes. Both Tuesday’s and yesterday’s sessions had lower volumes and the drop in price didn’t manage to build impressive trade value.

With the stock’s current price of $0.036 per share the estimated loss from the pre-pump peak is a hefty 80%. Overall the ticker’s movement through the charts can’t be called impressive, but the company has a market cap of $5.1 million. Let’s see what they have to offer in exchange for that amount of money.

• cash: $0
• total assets: $0
• total liabilities: $21 thousand
• revenue since inception: $0
• net loss: $5,886

That doesn’t look like a company that has provided any services in it’s history, does it. However, there are “testimonials” that you can find on their website and here comes the part that got us suspicious – all the videos were uploaded on YouTube on August 25, 2013 (the day the paid promotion started).

Another thing that came to our attention, but is a bit controversial is the fact that most of the interviewed people were looking up and left while thinking what to say, which many argue is a sign of lying. This is due to the fact that they are trying to visually construct the events or images instead of looking up and right and trying to visually remember them. There are many people that say this isn’t true, however, we will leave you to make up your own mind on the matter.

Well, it looks like despite the discouraging movement of their stock’s price AFFW are throwing more and more money as the most recent pump email has listed a $75 thousand compensation in its disclaimer. We don’t think that AFFW is anywhere near a decent investment charts, but if you do decide to look them up be sure to do a lot of due diligence and double, even triple check everything before deciding to invest in them.