Aristocrat Group Corp (OTCMKTS:ASCC) Continues To Gather Momentum

Yesterday another 34% were added to the value of Aristocrat Group Corp. (OTCMKTS:ASCC) making it the third subsequent close in the green with significant gains. The stock is currently sitting at $0.62 almost halfway to the price levels from April. Due to the pump emails distributed among investors traded volume also remained uncharacteristically high reaching 2.1 million traded shares.

The pump started on June 2 might be coming to its end with most of the newsletters moving on to find new picks. Leader among the promoters was The Stock Brainiac disclosing compensation of $50 000, followed by DamnGoodPennyPicks and PennyStocksNewsletters receiving $25 000. Some lesser pumpers might come to fill their places but for now the stock is left to its own devices. If ASCC will once again follow the pattern of its previous two promotions and start sliding down remains to be seen.

Even though the paid services have stopped, ASCC has no intention of slowing down its own PR campaign and just hours ago they released another announcement. At least this time it contains some meaningful information about the “ultra-premium” gluten-free brand of vodka ASCC has been going on about for the last month. Apparently in addition to the general fluff filled articles they have decided that August is the best time to launch their first product.

And looking at their financial situation we must say it is about time. The newest report submitted by the company is a 10-Q for the quarter ending January 31 and back then they had:

• $42 thousand cash
• $227 thousand total current liabilities
• no revenues since inception
• $127 thousand net loss for the period

Just in case you are wondering why we didn’t list any assets, it is because their total assets and total current assets are comprised solely by the $42 thousand in cash.

Investors might also find interesting that CEO, CFO, secretary, treasurer, president and sole director of ASCC is no other than Mr. Robert Federowicz. And although you might think that he would have had his hands full having to manage so many positions, in reality that is not the case. Mr. Federowicz is also CEO and chairman of Quantum International Corp. (OTCMKTS:QUAN) and CEO of First Titan Corp (OTCBB:FTTN) both of which have taken part in paid pumps since the start of the year.

This time ASCC may support the current price due to the hype created around the launch of its vodka. Investors should keep in mind though that until the nest financial report all we have to rely on are the companies own press articles.