Promoters Stock Rock And Roll Fail Big Time On Foy Johnston Inc (PINK:FOYJ)

At least $20,000 have been spread across nine promotional emails in support of Foy Johnston Inc (PINK:FOYJ). This is what we have received in our database thus far. To the delight of non-believers and to the detriment of the initiators, however, the pump job could now officially be deemed worthless.

Why? Because, FOYJ shares have already lost 38% of their value and the first 60 minutes of trading have not even passed yet. As a result of the initial excitement built up by the emails, the tripple zero stock opened today’s session at $0.001, up 20% from its previous close. Nevertheless, FOYJ never managed to go beyond that. In fact, the stock quickly started losing value and is currently quoted at half its opening price, i.e $0.0005 per share.

So, in spite of the full-on paid advertising effort in support of FOYJ shares, there is virtually nothing capable of giving them a boost. Indeed, the company’s latest financial report does not exactly justify its market cap, the latter currently residing at $98.5 million. What we have got on paper is zero cash, $24 million of ‘other’ assets, as well as accumulated deficit of $3.6 million. Even if we took those $24 million without any grain of salt, they would still barely cover 1/4 of FOYJ‘s market cap, which in turn means that the stock’s intrinsic value should lie somewhere in the neighbourhood of $0.0001 and $0.0002 at the highest.

While the facts above are more than adequate to explain the dismal failure of the current pump job on FOYJ stock, the historical records of the main pumpers behind the campaign also speak for themselves. If you take a look at the past promotions organized by Stock Rock And Roll, Stock Lock And Load, and Penny Stock Locks to name but a few, you will definitely see a distinctively recurring, highly worrying pattern.