Pumpers Try to Resurrect UOMO Media, Inc. (OTCMKTS:UOMO)

Promoters seem to think they can tout just about anything, no matter what the stock’s recent performance and history. After UOMO Media, Inc. (OTCMKTS:UOMO) was devastated by pumpers and had its price crash about 65% in mid-May, promoters are back with their email touts for the company.

Over the weekend and into today’s early morning hours, pumpers dished out nine new touts for UOMO, despite the fact that the company has released no new press announcements to back up the hype and has not published any new filings. The new pumps, disclosing a compensation budget of $25 thousand, basically reiterate the story of the original May pumps for UOMO, repeating old company press releases and explaining the state of the music industry, as though UOMO is a major power player in the field.

The pumpers are quoting the recent moves of the stock which was obliterated down to $0.04 per share in June, crashing from a pumped high of $0.20 in May. While quoting the percentile movement up happening on insignificant share volumes, the promoters fail to mention that as the previous round of pumps for UOMO ended, on May 9 the stock was dumped to the moon and back, with 3.2 million shares changing hands on that day – more than UOMO shifted in the month and a half that followed.

The company had the following financials to show as of its latest quarterly report dated January 2013:

• $6 thousand in cash
• $1.6 million in current liabilities
• $1 thousand in quarterly revenue
• $77 thousand in quarterly net loss

The main claim to fame of UOMO‘s last press announcement was that the soundtracks of UOMO Filmworks productions will be released through Universal Music. This would be an exciting development if UOMO Filmworks had not come into existence about a month ago and if the company’s financial situation were not so dire.

Other big pump jobs that are still running include US Energy Initiatives Corp. Inc. (OTCMKTS:USEI) who deflated by another 10% on Friday. On the green side of the market’s previous session, Medical Marijuana, Inc. (OTCMKTS:MJNA) managed a minor comeback and ended last week 9% up, gaining just a little under a cent in share price.

UOMO is currently crashing on day-one of the new pump, trading 8% down in the early session.