Fusion Pharm Inc (PINK:FSPM) Pumps Up The Volume
As we said before, the medical marijuana business is a sizzling hot topic. All you have to do for your stock to rocket is mentioning that you are going for this sector.
This is exactly what Fusion Pharm Inc (PINK:FSPM) are hoping for with their recent press releases and pump emails. It all started on Wednesday, March 27 with an announcement from FSPM‘s exclusive licensee and distributor Meadpoint Venture Partners, Inc, who are claiming to have signed a letter of intent with GroundSwell Cannabis Boutique. The latter is supposedly a major player in the medical cannabis business in Denver owning a boutique medical cannabis dispensary.
Meadpoint Venture Partners, Inc claim that GroundSwell Cannabis Boutique are currently using the PharmPod High Intensity container systems of FSPM and are planning to utilize them in their future expansions. However, this cannot be accounted for as GroundSwell havn’t mentioned anything about using FSPM‘s technology and with a quick Google search you can see that the only place that GroundSwell are mentioned alongside the PharmPod is in Meadpoint Venture Partners, Inc’s press release.
Further concern is raised by taking a look at the people who have been hired to take the wheel on the pumping campaign of the company’s stock and their previous pump jobs. The folks in question are PennyStock MarketBulls and Fast Moving Stock Alert. We are yet to determine if there is any connection between them apart from the grand failure of stock that they promoted. I am saying promoted, because the only thing that got a boost by their effort was the volume of stock traded while in the meantime prices plummeted.
Looking at Fast Moving Stock Alert we see BUYER GROUP INTL INC (PINK:BYRG) whom they promoted on March 17. Looking at BYRG‘s chart to the right you can tell that it didn’t go pretty well. It seems that the people who paid for the promotion actually knew what was going to happen and dumped their shares, as there was a great volume of stock being sold with a rapid descend in its price.
The same is the situation with most of PennyStock MarketBulls’s promotions a prime example of which is Colorado Gold Mines f/k/a Cascade Springs Ltd (OTC:CGLD). Their promotion started on March 5 and it had a devastating effect on the price of their stock in the following week. However, the volume was the biggest in their stock’s history.
With all that in mind and the fact that they haven’t filed any reports with the SEC, but rather prefer to report using the alternative report standard (which, by the way, has no mandatory fields), FSPM can’t really be considered a safe haven for investors.
