MultiCorp, Inc. (OTCMKTS:MULI) Bids for Growth with David Cohen, SIRI.BIZ emails
The promotion for MultiCorp, Inc. (OTCMKTS:MULI) marked three months, and three distinct periods: a low-volume, fast move in March, an almost inactive April, and now a month of up and down swings on heavier volumes. The last three days ended with a net gain, and Wednesday saw another promotional email promising a big ride. MULI added more than 9% to $1.05. 
This email was preceded by a boastful press release, stating that MULI representatives met up with New Mexico state authorities, with an outlook of getting a green light on oil well activities. So far, we have not had the results of the meeting, but even the message was enough to help with general investor interest. 
The latest mention is from pumper David Cohen, a no-compensation email that may ride on the tails of the better-funded campaign of SIRI.BIZ, costing $1.2 million and potentially running longer. A while ago, MULI even received a $2.75 target price, which may be a little more probable now that the ticker broke through the dollar level.
Otherwise, if MULI receives authority approval for drilling, it will have to deal with the following resources:
- Cash: $0
- Intangible assets: $123 thousand
- Current liabilities: $476 thousand
- Revenue since inception: $0
- Net loss: $276 thousand
All this is not too encouraging, but may not stop investors from joining what is perceived as a new potential trend. We are yet to see how SIRI.BIZ will work for its money, with the last email coming from it at the end of May. This pumper relies on “any minute now” promises, although so far the stock itself is not obeying very well.
Remember that SIRI.BIZ did not manage to make Zippy Bags, Inc. (OTCMKTS:ZPPB) bounce, at least not for long enough. The campaign quickly fizzled out, dragging the company down to a cent from initial levels of 20-22 cents. How long MULI will hold and how a drilling permit will help remains to be seen, but it is best not to expect anything spectacular, and be prepared to absorb losses.
