Pumpers Keep Poking at VizStar, Inc. (OTCMKTS:VIZS)
On Friday VizStar, Inc. (OTCMKTS:VIZS) took another little tumble and closed the week at half a cent per share. Promoters however are obviously determined to juice whatever life is left in the company and continued sending tout emails for VIZS over the weekend and early this morning.
The total number of new touts for VIZS over the last two days is about a dozen and the emails have been compensated either $10 thousand or $18 thousand, paid for the promotional efforts of the pumpers. Hilariously, some of the emails highlight the huge volatility of the stock over the past month, as well as the vague hope that, given that it’s already gone to $0.005 per share, it might as well start moving north.
Those who don’t fancy gambling when they trade may be more interested in the official filings of VIZS. The company is a pink sheet enterprise that describes itself as an ‘aggregator’ of subsidiaries and products in the cosmetic and wellness industries. The latest report available from VIZS is a quarterly for the period ended February 2013 and it contains the following:
- ZERO cash
- $2.2 million in liabilities
- ZERO revenues
- $620 thousand in net loss
Those numbers alone make it very difficult to seriously consider VIZS as an investment idea. The fact that the company has upward of 6 billion common shares issued and outstanding also doesn’t make things any better. The same quarterly report states that the company issued 4 BILLION common shares to its CEO in February this year, along with another 2 BILLION to a company for services rendered, issued on the same date. The same filing also states the company effected a 1 for 25 reverse split on Jan 22 this year. Additionally, there is a possible typo in the same document, stating that the company had 6,649,444,557 common shares issued at April 15, 2012, even though the filing is for a period ended in 2013 and was received on April 22, 2013.
Against all odds, VIZS opened with a green gap this morning, quite likely propelled by the last round of touts. The stock is currently trading at $0.006 per share, going down from its inflated open.
