Dip Buying and ChatterBoxStocks Goad On Itonis, Inc. (PINK:ITNS)

A mystery stock promises a lot- it could take any direction. So it is natural that Itonis, Inc. (PINK:ITNS) would attract investors in troves, gaining a third to its stock price on a volume ten times higher than usual. The ticker of this development stage company went through a valley in the fall and has now awakened on a promotional campaign that encourages further buying the dip.

At a little above 2 cents per share, ITNS is an accessible bid, showing potential for fast daily growth for quick enough buyers and sellers. The company, working on a pre-market development of a set of cold remedies and tonics, is mostly affected by sentiment and promotions, as its real financial basis is somehow weak.

Itonis is publishing its reports in an alternative format, so to most investors the widely available information would be outdated by five years. But the latest numbers from the summer of last year show how the company has fared since:

• $699 cash

• $339,591 total assets

• $740,146 total liabilities

The promotions for Itonis are way more active than its business, with a 263,500 total budget and 34 emails sent away this month. The pumps came in quite fast in the past two days, with different levels of compensation. This added to two press releases from the end of the month giving hope for upcoming marketing of a new anti-nausea product. The effect is that ITNS has doubled its penny price and on the biggest day of the promotion, burdened investors with close to 40 million shares out of its 289 million shares free float.

The group, currently valued around $7 million, may be selling an empty promise in its medicines, as it proffers homeopathic healing. What’s curious about such treatments is they can give the person a subjective feeling of relief, while in fact not containing a single molecule from an active substance. The pumpers for ITNS may rely on similar vague beliefs to take the ticker higher in the next few days.

ITNS is in the hands of several skilled paid promoters, among them ChatterBoxStocks with the biggest single promotion of $60,000. This pumper is recently active and making a splash with its picks, before the tickers turn sour. A previous reverse success story is Urban Barns Foods, Inc. (OTC:URBF), a cheap pick that went immediately up to 15 cents, but quickly lost to selling to settle at a third of this price.

In the case of stocks sitting in a valley and awaiting investors, it is best to estimate your own level of risk before risking your funds too far.