Free Round of Pumps For Dussault Apparel, Inc. (OTCMKTS:DUSS) Despite ‘Buyer Beware’ Stamp
The stock pumps that were sent out to tout Dussault Apparel, Inc. (OTCMKTS:DUSS) last week really picked up speed on Friday, as the company traded in heavy volume and moved another 15% up the chart. The traders who bought the whopping 168 million of shares traded over the last session were obviously not disturbed by the ‘Buyer Beware’ sign that the company has on its OTCMarkets page.
The promoters are back today with more alerts coming through before the crack of dawn. The emails are touting the stock’s technicals, once again largely inapplicable considering DUSS is being pumped and is charting moves assisted by the promotions. Another part of the tout is the ‘upcoming merger’, talk that has been in circulation for months and has led nowhere. The fact that the company swapping its public accountants every couple of months also does nothing to improve investor confidence.
DUSS exhibited the following staggering financial numbers in their latest financial report for the quarter ended Jan 2013:
- $6 thousand in cash
- $103 thousand in current liabilities
- $1.7 thousand in quarterly revenues
- $32 thousand in quarterly net loss
Fiscal 2012 ended to the tune of $173 thousand in net loss on $30 thousand in revenues generated solely by royalties and not by product sales. Slapping the frequent change of auditors and the prolonged talks and promises of a merger on top of these numbers doesn’t shine a very favorable light on the company. DUSS also managed to dish out almost 170 million common shares covering convertible notes in fiscal 2012 and the first quarter of fiscal 2013. 85 million of those shares were issued at ‘deemed prices’ ranging from $0.00023 to $0.0006 per share.
Awesome Stock Pick who sent the last tout email for DUSS so far appear to be new entrants to the pump game but their previous pick, which was also their first, turned out to be a failure, as they were a little late to the party. On April 22 Awesome Stock Pick promoted Bergio International, Inc. (OTCMKTS:BRGO) who went on a downhill roll immediately after the alert.
Traders are advised to be extra careful with promoted stocks, especially when they are at a sub-penny price and look oh-so-enticing. It’s always helpful to keep in mind that a stock can trade as low as $0.0001 per share.
