Pumpers Pick Pacific Clean Water Technologies, Inc. (OTCMKTS:PCWT) OTC Slaps Caveat Emptor

Yesterday Pacific Clean Water Technologies, Inc., formerly Unseen Solar, Inc. (OTCMKTS:PCWT) was announced as a pick by Awesome Penny Stocks (APS) and Victory Mark’s Select Penny Stocks and Penny Stock Heroes.

OTC Markets took immediate action and labeled PCWT Caveat Emptor. Despite the caveat, a little over 94 million shares changed hands in yesterday’s session. PCWT closed up 106.66% at $0.18 per share. It should be noted that the PCWT has virtually no previous trading history, having traded only about 12 million shares the day before.

Those 12 million shares may have been traded by paid subscribers, assuming they received the pick before it was released to the public.

It’s not clear whether it was because of the timely reaction of OTC Markets, or because of what happened with PacWest Equities, Inc. (OTCMKTS:PWEI), but the dollar volume generated by PCWT is significantly lower than what PWEI and previous APS pump jobs generated on their first days. Considering the SEC suspension of PWEI, pump players maybe more cautious this time around.

PCWT does share some similarities with classic APS pumps. The lack of trading history is one and the forward stock split prior to active trading is another. On the other hand, PCWT, unlike previous APS pumps, has generated revenues.

While, the generated revenues are something new, PCWT, like a lot of its predecessors issued a press release after APS had released it as a pick to the public.

Even if one’s a pump player, the risk here is immense.