Dewmar International BMC Inc. (OTCMKTS:DEWM) Takes A Plunge

Unsurprisingly Dewmar International BMC Inc. (OTCMKTS:DEWM) took another dive to the bottom of the charts yesterday.

This most recent red run that cost the company 22.64% of its market value is a continuation of the inevitable crash that followed the baseless climb it managed from Nov. 11 to Nov 19.

Investors that have been keeping an eye on the company know full well calling DEWM‘s sudden and aggressive lunge up the charts “baseless” is not unreasonable. It was made possible because of the statements of DEWM CEO Dr. Marco Moran, that had some very positive things to say about the company. Unfortunately, most of his assurances are not really verifiable, and there is no actual guarantee that what he promised the company’s future holds will actually come to pass.

Looking at the charts, one could conclude that it took investors quite a bit of time to realize that the good doctor’s words are not a good enough reason to jump blindly on the DEWM train, but they seem to be coming around. All in all, Dr. Moran’s promises may have created some hype, but at the end of the day, it is due diligence that will convince prudent traders to commit.

And as we all know, due diligence on DEWM is next to impossible to do, because the company hasn’t filed a financial report in more than a year. The only thing we know for certain that the company’s share structure has being diluted heavily in that time. Frankly, that should be enough of a warning for investors.