Appiphany Technologies Holdings Corp (OTCBB:APHD) Skyrockets After Pump

The Jan. 6 trading session brought Appiphany Technologies Holdings Corp (OTCBB:APHD) a mind numbing 136.36% increase in market value. An impressive feat, especially considering the fact that the company currently has nothing.

Let us elaborate that last statement. The company is currently traded as OTCQB, which is encouraging in and of itself. The description of their activities seem to be more of a vague, yet glorifying advertisement rather than aimed to provide specific information on what APHD actually does – making mobile apps, allegedly. 

At this point the promising part ends abruptly. Because the company’s last 10-Q report outlined the following financial state. Please note, that the following figures do not depict dollar volumes in the millions, or even in the thousands:

• Cash: $4
• Total Assets: $75
• Total Liabilities: $262 thousand
• Revenues for the three months ended Oct. 31, 2013 – $199
• Net loss or the three months ended Oct. 31, 2013: $273 thousand

Let us rephrase that. All their assets are totaled at $75 dollars, $4 of those – in cash. There seems to be no need for further comment on the company’s standing. Except maybe for the purpose of stating that, while their assets are so pathetic that it’s not even funny, their liabilities are growing and they’re accumulating net loss.

It is no surprise that APHD was left low and forgotten by traders, and was like this for some months now. The company seemed to only reemerge on the market so that shares could drop further and further – which is only logical, if you consider the aforementioned facts. Thus it stands to reason that the only scenario in which they could start climbing the charts is the one in which they were thoroughly pumped.

That’s what happened on Jan. 6 – the well know promoter StockMister sent out a rather ambiguous tout, which nonetheless appears to have done the trick. Nearly 300 traders took the bait, despite the fact that that it contained more warnings of possible stock failure than actual advertisement. What is also noteworthy about the e-mail is that it did not contain clear information on whether the promoter was compensated for the pump. The tout stated that the promoter may have been paid in cash or stock to increase public awareness of the company. Was he, or was he not?

An hour into the trading session another e-mail was sent to potential investors. It praised the company’s explosive movement extensively and was generally full of promising forward-looking statements and exaggerated facts.

The stock did, indeed briefly rise with as much as 337%, as the e-mail specified, but by the time it was received share prices had begun to rapidly drop once again By the end of the day buyers who got in shortly after the first e-mail and failed to sell at peak prices ended up losing approximately 45% of their investment.

Traders, are, once more, implored to do proper research before committing to any sort of stock trade, and especially when dealing with high risk companies that promise explosive results.

Another company that’s had explosive progress in the last trading session is Generex Biotechnology Corporation (OTCMKTS:GNBT), who registered a 19.37% rise.