Intelligent Living Corp. (PINK:ILVC) Drops a Press Release Amid Pumps

Yesterday the ongoing pump campaign for Intelligent Living Corp. (PINK:ILVC) coughed and spat, then tumbled down and the stock closed 22% down, despite a press release conveniently timed to coincide with the promotions.

The latest round of pumps for ILVC stock started in mid-March, with new emails arriving even today. The pumps mostly focus on the bombastic press release the company spat out yesterday after half a year of no news other than filings. The press announcement is, as it often happens, PR hype and forward-looking statements. While the release tosses around numbers in the billions rather frivolously, ILVC‘s filings contain more modest figures. Here is a brief rundown of their most current reported financials as of November 2012:

• $26 thousand in cash
• $1 million current liabilities
• $9 thousand in quarterly revenue
• $45 thousand quarterly net loss

In addition to those dreary numbers, ILVC recorded $1.7 thousand as salaries expense for the full quarter, which doesn’t exactly create the impression of a large and thriving business. The company has also been issuing new shares at the speed of sound throughout 2012, to cover convertible notes issued in the past, issuing millions of new common shares. Additionally, in the quarter covered by the report, ILVC entered into another convertible note for $42.5 thousand that was toxic, with a conversion price set either at a large percentile discount from a lowest average trading price, or at $0.00009, whichever is greater.

It seems ILVC may be a suitable investment for traders who feel irresistibly drawn to huge potential dilution. More cautious traders may also want to consider the past performance of promotions run by the same pumper outfits that are currently touting ILVC.

Among them is promoter Awesome Penny Pick, who previously pumped some pretty terrible pump jobs, including a promo on Crown Marketing (PINK:CWNM) – a stock that has slipped down about 60% from the pump spike.

ILVC is currently another 28% down in early Tuesday trading, at $0.035 per share.

Investors are advised to be extra careful with promoted stocks as they tend to be highly volatile and move on hype and pumps and not on actual performance.