Essential Innovations Technology Corp. (OTCBB:ESIV) Bought Up After DoublingStockPicks Email
Renewable energy and green technology is in again, this time riding the wave of Essential Innovations Technology Corp. (OTCBB:ESIV), as three million shares were bought up on Monday, following an email promotion. ESIV gained more than 49% to 16 cents, on volumes above $412,000. Also, the company is quite active with press releases, and we may expect the next few days to be richer in events as volumes go higher. 
Around May, however, ESIV had a much higher run, reaching $1.40 around the time it announced the quarterly results, and crashing soon after. We have not been able to pinpoint the event that caused the spike, but the current high-volume move is directly linked to the emails from DoublingStockPicks. 
Fundamentally, the company has little to offer except the bright future promises of supplying efficient green energy technology. The company shows:
- $483 cash
- $260,551 total assets
- $1.1 million total current liabilities
- Zero revenues
- $1.6 million net loss in the past 42 months
It is easily seen that ESIV is still to prove itself. Yet with a current market cap of $2.7 million and just above 17 million shares outstanding, this ticker may still have a long way to go, and a leeway to increase share numbers.
In total, nine emails mention ESIV, with unknown compensation, most probably zero. The OTCBB company was probably selected for its recovery potential from the post-correction bottom, and this could improve the record of the pumpers.
DoublingStockPicks, if we trust its name, promises to double your investment, only when it does not choose tickers that crash soon after the doubling. The pumper joined the noise for one of the more active promotions of the past months, Trulan Resources, Inc. (OTCMKTS:TRLR). The ticker slid more than 90% since then, trailing now in the double-zero range.
SMA Alliance, Inc. (OTCMKTS:SMAA) is no different, with a most dramatic falling streak in May when the emails went silent. Indeed, the ticker almost doubled from 10 to nearly 20 cents, but the drop was truly painful. Now SMAA seems to be fitted in the 3-5 cents range, after what looks like a dead cat bounce in August.
While ESIV is a ticker of a higher quality, it is possible that a promotion could create ranges that are not sustainable by the company’s underlying appeal with investors. So if you join the newly active trading, keep in mind that you may need to afford a loss of your investment.
