Harbor Island Development Corp. (OTC:HIDC) Keeps Sinking, Victory Mark Keep Pumping

Once promoters are promised $500 thousand, they would pull some hilarious stunts to earn their pay. Victory Mark Corp. are still desperately pumping Harbor Island Development Corp. (OTC:HIDC) despite the predictably horrible performance of the promotion.

Yesterday Penny Stock Heroes and Select Penny Stocks, the two children outfits of Victory Mark, came up with new tout emails, sounding increasingly desperate and containing ever more hilarious empty promises. Pumpers actually told their subscribers that HIDC was going to ‘run’ yesterday afternoon, because it was so obviously undervalued and ever so cheap. It didn’t run but dropped further instead, to close the day a nicely rounded 30% down.

At this closing price HIDC is below its levels when the pump started and virtually everyone who bought during the pump and still holds shares is currently logging losses.

It may be that people finally started catching up on the disturbing details around the company that we’ve been pointing out day after day, in several articles. Even though we encourage our readers to go through those articles in full, here is a brief checklist of some facts:

– company employed Carrillo Huettel LLP as legal counsel for its S-1 registration statement
– Carrillo Huettel closed their U.S. office and are currently facing charges from the SEC for involvement in “an international “pump-and-dump” scheme”
– early April HIDC CEO issued 110 million shares to purchase a software license from himself, i.e. from an entity he’s the CEO and president of, signing for both parties under the license agreement
– HIDC is being pumped by Victory Mark, whose track record of past pumps is beyond abysmal

Traders can easily look up the performance of Victory Mark’s streak of so-called ‘winners’ for themselves. The list includes December sob-story Pub Crawl Holdings, Inc. (OTC:PBCW), VuMee, Inc. (OTC:VUME) and February disaster Red Giant Entertainment, Inc. (PINK:REDG). Victory Mark tried to take credit for the Goff Corp. (OTC:GOFF) pump that managed a decent run before it tanked horribly but that promo was primarily run by big pumper daddy Awesome Penny Stocks. Looking at the way HIDC keeps moving, it seems it will soon be joining Victory Mark’s lineup of pumps that drop hard, fast and never recover.