EMS Find Inc (OTCMKTS:EMSF) Seems to be Running Out of Time
After a couple of pretty nasty pump campaigns at the beginning of the year, Charles Moskowitz, one of the prominent names in the penny stock promotional industry, took a bit of a break. Last week, he came back with his newest pick – EMS Find Inc (OTCMKTS:EMSF), and he was quite successful at first.
Between Monday and Thursday, EMSF ran from less than $1.30 all the way to $2.34 per share which is quite an achievement. Sadly, things were somewhat different on Friday. In a matter of six and a half hours, the ticker lost about 11%, bringing the current value down to $2.07.
But is the drop a sign of something worse to come? Or is it simply a healthy consolidation?
We’re about to find out. The pump machine is definitely firing on all cylinders, though. People are still receiving the hard mailer brochures and the landing page is alive and kicking. The message boards and social media are pretty active as well and all the hype might just push EMSF on another run. Then again, you can never really predict the next move of promoted penny stocks.
All in all, EMSF is something of a waiting game for the people who have put their money on the line. We’ll be sure to keep a close eye on it, but in the meantime, we should note that Mr. Charles Moskowitz didn’t really pick the crème de la crème of the OTC with this one.
Take the SEC filings as an example. Like virtually all promoted penny stock enterprises, EMSF went through a reverse merger a couple of months before the start of the pump. A private Pennsylvania company was acquired, but the management team still hasn’t put up the new subsidiary’s financials. This doesn’t really help with the company credibility, and neither does the fact that EMSF‘s headquarters looked like this just nine months ago.
There are some issues with the company website as well. If you click on the Get App button, you’ll be directed to a page which urges you to sign up for a beta testing campaign. It also says that “EMSFIND will be available starting in early 2015”. The app is still not out and some people might be feeling a bit misled by this.
Famous racing drivers Mario, Jeff, and John Andretti know that feeling all too well. Several years ago, they agreed to endorse some of the products produced by a penny stock company called Power Sports Factory (then traded under the PSPF symbol). Sadly, they didn’t receive any money for this and they eventually decided to sue PSPF and its management team which consisted of Shawn Landgraf and Stanislav (a/k/a Steve) Rubakh. The latter is now at the helm of EMSF.
So, the red flags are flying high, but thanks to the hype coming from the colorful brochure and the landing page, investors are not paying that much attention. And this probably makes a select few people very happy.
As we mentioned in our previous articles, between September 2011 and November 2012, these people acquired 3,650,000 shares of EMSF common stock for $36,500. In December of last year, the stock went through a 5 for 1 forward split which means that the people in question could now be holding on to approximately 18 million shares. And they could sell them at an absolutely massive profit.
