Awesome Penny Stocks Pump Back on for Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII)
In a rather surprising turn of events, the Awesome Penny Stocks (APS) pump job on Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) seems to be back on, as of Sunday.
The pumpers previous email about XUII was sent last Wednesday, June 19. After that it seemed the pump was over as APS removed the banner about XUII from their website. In the past once the banner was down it meant APS were moving on.
It’s not quite clear what spurred the pumpers to renew their tout efforts on XUII. It may be a reaction to the market. As mentioned in a previous article, once the the banners for Goff Corp (OTCBB:GOFFE), Swingplane Ventures (OTCBB:SWVI) and the other previous APS pumps were removed the respective stocks dropped sharply.
However, in the case of XUII the price went up on Thursday and Friday. On Friday, XUII closed up 8.42% at $0.2125 per share on 3.4 million shares. This market performance maybe a reason for APS to resume the pump.
Another possibility, although less likely, is the announcement coming from XUII on Friday. The company stated it had retained Joel A. Katz to aid and accelerate the process of talent and artist acquisition. Mr. Katz is a well-known attorney with extensive background in entertainment law.
Traders who have kept an eye on XUII know that the company reported negligible cash position in its latest quarterly and it hasn’t announced any additional funding. We are not aware of Mr. Katz’s fees, but they should be substantial.
It will be interesting to see whether the renewed pumper efforts will revive XUII, or will they spell the end of the whole show. APS is not in a position where it can afford to fail subscribers too many times.