Definitive Rest Mattress Company f/k/a Crescent Hill Capital Corp (OTCMKTS:DRMC) Gets Another Pump

Definitive Rest Mattress Company f/k/a Crescent Hill Capital Corp (OTCMKTS:DRMC) hasn’t really been among the most popular OTC stocks over the last few months. We do tend to see a spike every now and then, but the overall volumes are pretty weak and, somewhat predictably, the stock has been mostly sliding down towards the bottom. Why?

Well, some investors probably have problems understanding the business plan. Although the name would suggest it, Definitive Rest Mattress isn’t actually involved in building mattresses. This idea was ditched some time ago and the company is now manufacturing non ferrous metals.

The management team announced a couple last month that the business plan will be diversified further and they said that the name and ticker symbol will finally be changed in the near future. That, however, might not be a good enough reason to put your money on the line. Especially in light of the underwhelming financial report. It looks like this:

cash: $7,731
total assets: $106,720
total liabilities: $131,962
quarterly revenues: $92,907
quarterly net loss: $27,182

Sure enough, the announcement from September 15 didn’t really affect the market and not long after it was published, DRMC slipped into triple-zero land. Yesterday, however, it bounced. The volume was pretty heavy and the ticker managed to gain 11%, reaching a close of $0.001 again.

The reason for this is a paid pump. Damn Good Penny Picks and the rest of their affiliated outfits are to blame. The compensation sits at a somewhat modest $10 thousand, but despite this, the pump seems to be working. The people who have been around DRMC for long enough know that this might not last long.

This is not the stock’s first paid promotion. In April 2014, DRMC was targeted by a rather big campaign and the results back then were absolutely catastrophic. Will it be the same story all over again?

We’re about to find out. Make sure you have done your due diligence before you put your money on the line, though. The company has a history of printing shares at a price of $0.0001 apiece and according to the latest report, there was quite a lot of convertible debt outstanding at the end of Q2. The conversion rate is not disclosed, but considering DRMC‘s previous financing agreements, it probably won’t be too high.