Global Marketing Media LLC Commences a Pump Job on Sunbelt Intl Corp (PINK:SUNB)
They say you don’t change a winning formula. What if the formula is unsuccessful, though? You either amend it, or you don’t. Sunbelt Intl Corp (PINK:SUNB) made a change of business, while promoters Penny Stock Circle and 1-2-3 Stock Alerts, both owned and operated by Global Marketing Media LLC, have refrained from refreshing their paid advertising schemes.
What unites these promoters, on the one hand, with the company, on the other, are the guys at StockMister – a notorious promoter acting as a third party campaign initiator every now and then. Now, StockMister has paid a total of $50 thousand to ramp up the market price of SUNB shares in the forthcoming session, with an additional $10 thousand pending, as well. What kind of company is Sunbelt Intl Corp and why has it fallen victim to a classic pump job?
Since paid promotions are price boosters of final resort, they are predominantly targeted to debt-ridden failed pink sheets that do not have what it takes to become successful in what they pretend to be specializing in. This is partly true for SUNB, as well. As it is, the company had supposedly been developing solar and wind technologies until 2012, only to admit defeat and take on a radical turn by acquiring the UK-based Aptitude Life Ltd., a French manufacturer of children’s beverages. While we will have to wait a while to make a final verdict on the transaction, it is evident that, prior to the acquisition, the company had been going nowhere for quite a while.
Even though SUNB was founded in 2007, it has yet to make a breakthrough. Judging from the total lack of current assets as shown on SUNB‘s latest quarterly report covering the period ended Sept. 30, 2012, the company does not appear to have made even the slightest effort to advance. This has obviously had quite an adverse effect on the market value of the company’s shares. This is clearly evident from the two 1000-for-1 reverse stock splits performed in October, 2011 and August, 2012, respectively, which forms an aggregate 1 000 000 – for -1 reverse split. Nevertheless, SUNB shares are currently quoted at $0.015 is indicative enough of how “successful” those reverse splits turned out to be.
In a nutshell, SUNB has jumped from the frying pan. What remaines to be seen, is whether it has jumped into the fire or it has finally hit the right note. The future financial reports will tell. In the meantime, Penny Stock Circle and 1-2-3 Stock Alerts will most probably do more harm than good to the stock. Why? Check out their historical promo records here and here to see what happened to all the other penny stocks pumped by the same guys.
