Amarium Technologies, Inc. (OTCMKTS:AMMG) Dropping After Paid Promotion
Amarium Technologies, Inc. (OTCMKTS:AMMG) has been actively trading its stock for over a month and it seemed like they were headed in an upward direction. Recent movements of their stock, however, prove to differ and the paid promotional campaign, filled with empty promises has taken its toll.
The last email that was sent came at September 26 and AMMG didn’t actually do good in Friday’s session as they closed the week with barely any movement. The amount of traded shares was estimated close to their average, with a total of 668 thousand, which helped generate a healthy $372 thousand in trade value.
This week, however, started a bit worse as the ticker lost 18.67% of its value. The intraday chart shows us that the price was crushed minutes after market open and this is where the biggest dumping of stock took place. After reaching the day’s low of $0.39 the ticker managed to regain some of its value and closed the day, priced at $0.44 per share.
The total amount of shares that had switched hands in the end of the session came at 801 thousand and helped generate $369 thousand in trade value for the day. It seems that people have actually done some due diligence and the bogus claims from the paid promotional campaign have been exposed.
As we told you in our previous articles, Amarium have a landing page created by StockTips for the compensation of $25 thousand, apart from the emails that came flying in our inbox. The page contains a 13 minute video segment, which is supposed to hype you up. That is if you don’t question the things contained in it.
First of all, the person from the video (Mike Statler) tries to convince you that AMMG is actually getting copper out of the ground, which is preposterous. The claims of AMMG getting 40 tons of copper ore out of the ground come crashing down as soon as you see one of their latest press releases in which they inform investors that they have completed a purchase agreement with Minera Cobre SA de CV for 50 thousand tonnes of copper ore over the course of the next 24 months.
As it was stated in the press release, this purchase was needed in order to keep their production facilities operating, while they continue to conduct their exploration activities of the la Jovita property. This is enough for you to understand that the claim in the video has absolutely no coverage and enough to ring the alarm for the next statements contained in it.
We come to the next thing that had a big significance and might have fooled trustful investors. Mike Statler claims in his video that the fact the man at the helm of AMMG, Mr Adam Carter is from Australia, makes him an expert in the mining industry and that China’s growing economy’s demand for copper might prove profitable for AMMG.
The problem we have with this claim is simple. If he was such an expert, why would he travel half way around the world to mine for ore, when he was born and is a citizen of a country, which has vast unexplored deposits of precious metals and minerals? Furthermore, why would they be extracting ore in Mexico and aim for China’s market, when Australia is closer to China?
These questions should ring some bells and we hope that they are enough to convince you that you should always do your due diligence and never trust someone trying to get you to buy a specific stock, especially when he was paid to do so.
Another mining company that was heavily touted a while ago is Xumanii International Holdings Corp, (OTCMKTS:XUII), who are now scraping the floor as they have fallen a total of 96% from the peak of their pump campaign.
On the other hand we see DubLi, Inc. (OTCMKTS:DUBL) gathering momentum in the last 2 sessions. The beginning of the week for their stock was very good, as they gained 54% in value on a high volume.
