New Pumps for Axxess Unlimited, Inc. (PINK:AXXU) Offer Shot in the Dark
It seems two weeks is enough of a lapse for promoters, as Tribeca Investments Ltd. launched a new round of touts for Axxess Unlimited, Inc. (PINK:AXXU) yesterday, after the markets closed.
After promoters gave up on a late March pump that barely lifted AXXU stock any further, now a number of pumper outfits operated by Tribeca Investments, Ltd. are back to their usual shennanigans, touting AXXU stock. A major part of the new promo emails is the recent press release by AXXU, announcing a mobile ignition interlock application for Android. For those who are not familiar with ignition interlocks, those are basically devices monitoring breath alcohol levels, usually installed in the vehicles of drivers convicted of drunken driving.
While this sounds like a most useful tool to have on your mobile device, this bit of news alone can hardly be sufficient for traders to hop onto the hype bandwagon. The more inquisitive among traders could choose to look at AXXU‘s financials. Sadly, the most current information available is a report covering Q3 of 2012, or information that’s a little over six months old. Here is a brief rundown of the report:
- $15 thousand in cash
- $255 thousand in revenue for Apr-Sep 2012
- $59 thousand in net loss for Apr-Sep 2012
While these numbers are far from impressive, they comprise the only official information investors have at the moment, as AXXU filed a delay notification for their annual report. With a time window of five days until the report’s due date after the extension, it was only natural that AXXU should get its next go on the pump merry-go-round. The company is no stranger to stock promotions, as it was heavily promoted last November, and the post-promotional crash is easily visible on the chart.
Seeing who is pumping them now is also a huge red flag – Chatter Box Stocks ran a truly horrible pump only a couple of weeks ago. Their March 20 alert on M Line Holdings, Inc. (PINK:MLHC) was an immediate fiasco, with the stock crashing after a single day, flushing the cash of many hopeful investors down the drain.
Considering the promotional history of AXXU, the ongoing pump campaign and the lack of current filings, investors are advised to be extra careful with this one.
