Dephasium Corp. (OTCMKTS:DPHS) Burns Investors for The Third Time
Since the start of the weekend we have received more than 30 distinct email alerts about Dephasium Corp. (OTCMKTS:DPHS). And we must admit that we were somewhat surprised because this marks the third pump initiated for the company in the last two months.
The first round began on June 2 and arguably achieved the best results lifting the ticker as high as $0.60. Investors had little time to take profits though because from the second day of touting the stock began plummeting downwards. On July 7 it had already wiped 75% from its value and was sitting at $0.16.
In a rather puzzling move back then someone decided to create fake paper mailers for the company. The distributed materials mimicked the layout of Awesome Penny Stocks, one of the most influential newsletters, but ultimately had nothing to do with them.
Then on July 3 another attempt began with quite serious sums passed around as compensation. Darth Trader and The Stock Psycho bagged $90 000 while Premiere Equity Reports and Greatest Stock Picks received $105 000. The results of all that money – 7 million traded shares and 41% slashed on the very first day. DPHS was brought down to just 4 cents per share.Curiously enough the current wave of emails began on August 3 and intensified on next market day. The pumpers are too numerous to list them all but some of the bigger ones are VipPennyStock, GS Media through its affiliates PennyStockParlay, HoleInOneStocks and PHD-Trading who were hired for $15 000. StockRockAndRoll, StockBomb and PennyStockLocks disclosed $12 500.
Despite the much lower budget interest in the stock reached unprecedented levels when 12 million shares were shifted during yesterday’s market. Unfortunately for all those that believed the promises in the emails at closing time DPHS had crashed by almost 30%.
Today DPHS released the financial report for the second quarter of 2013 and are already 17% down.
Yesterday was much more successful for the shareholders of Fuel Stream, Inc. (OTCMKTS:FLST) and Safestitch Medical, Inc. (OTCBB:SFES). FLST rose by 92% and is now sitting at the attractive $0.24. SFES on the other hand broke through the $1 mark and is traded for the much more serious $1.39 per share.
