More Promotional Action For Novus Acq & Dev Corp (OTCMKTS:NDEV)

The latest promotional effort for Novus Acq & Dev Corp (OTCMKTS:NDEV) started on Monday and for a moment the ticker’s performance raised some eyebrows. Everyone saw what happened when NDEV were pumped back at the beginning of May and when the emails started flying around on Sunday, there was a common thought that the share price will start sliding down into oblivion within minutes of the opening bell. This time, however, NDEV surprised everybody and instead of falling down like a rock, it actually gained some ground finishing Monday’s trading session 25% above Friday’s close.

The newsletters continued working hard sending tens of emails on Monday and they even woke up early on Tuesday but more surprisingly, the ticker managed to remain composed and closed June 4’s session at $0.126 or around 1.6% above Monday’s value. Even after that relatively decent performance, the emails continued but, as the saying goes “All good things must come to an end”. Sure enough, yesterday they did and NDEV lost around a third of their value finishing the day at $0.09 per share which is pretty close to where they stood before the whole campaign started.

Instead of running away with their tails between their legs however, paid pumpers like Stock Rock And Roll, Whisper From Wall Street, Stock Bomb among others are still sending in emails suggesting that the ticker is in for a bounce today. Is that the case, though?

Well, given the hype that is still being created as we speak, the interest around the NDEV might still be rather big today and this might give the price a little push. There are absolutely no guarantees, though, as seen in the case of the May 6 pump. Especially when you have in mind the fact that many people got burnt during yesterday’s drop.

If the pumpers’ track records are anything to go by, the threat of a further downfall is even bigger. Stock Rock and Roll (who received $15 thousand for the current NDEV promo), for example, tried to raise some awareness around Feel Golf Co Inc (OTCMKTS:FEEL) on May 13. The losses for the people who believed the emails amount to 77% in around 3 weeks. Whisper From Wall Street’s (compensated $5 thousand for the current pump) promotional dossier isn’t much prettier. Their pump on Technologies Scan Corp (OTCMKTS:TENP) is dated May 23 and the outcome is even more devastating – 72% down in just two weeks. This all goes to show that it’s difficult to believe the paid newsletters. But should you trust NDEV, themselves?

Well, they do have two subsidiaries – Baroma Healthcare, an Accountable Care Organization and Voda Technologies, Inc. In our previous article we wrote about Baroma and the connection between them, NDEV‘s CEO, Mr. Gary “Frank” Labrozzi and his previous business venture, Baroma, Inc f/k/a Plantation Development Corp. (OTCMKTS:BRMA) who, by the way, own the majority stake in Baroma Healthcare. For some reason this particular subsidiary is not present in NDEV‘s financial statement, but having looked at BRMA‘s one, we can see that it wouldn’t have made much of a difference since they generated no revenues during the first quarter of 2013.

But what about Voda Technologies, Inc? Well, they are present in NDEV‘s report, but we can see that no revenues were generated from it and since Voda don’t have a website, we have no idea when they will be ready with their products. This means that the $20 thousand revenue as well as the tiny net income that they generated during the first three months of 2013 come solely from consulting services done by NDEV. As we already mentioned these are hardly the figures that the typical investor would like to see.

Couple that with the current pump and you have two good reasons to consider the risks carefully and perform the necessary due diligence before investing any money in NDEV.