Quantum International Corp. (OTCMKTS:QUAN) Making A Second Run Up On PR Fluff
Yesterday marked yet another close in the green for Quantum International Corp. (OTCMKTS:QUAN). The stock saw a 15% climb and at closing time was sitting at $0.32. Although they are rising in value investors haven’t been showing much interest in the them and traded volume for the past couple of weeks has been well below 1 million shares.
The recent upwards trend is once again facilitated by an incessant stream of fluff PR articles but the results are just a fraction of those achieved in May. Back then the stock exploded by 100% followed by 200% on the next day, lifting them from $0.07 to $0.5. The spark was the announcement of new multy-function casing for iPads being developed by QUAN. As it has been the case in recent years, all you need to do is mention iPad or Apple and people will get into a buying frenzy.
Now, more than a month later we still don’t know any details about this casing. And the reason certainly isn’t a shortage of articles about it. It is just that there is no mentioning of a launch date, no specific features, just some vague phrases about how awesome it is going to be. Ah, but that changed early this morning when we received yet another “news”.
QUAN have began designing a follow-up product despite still having no completed one. The new protective casing will be geared towards the elderly by making the iPad easier to understand and use. But as the famous commercial goes- That’s not all! The casing will also be jam-packed with “high-tech medical diagnostic tools”.
In order to accomplish this task the company according to their latest report had the following financials to rely upon:
- Cash: $13 thousand
- Current assets: $13 thousand
- Current liabilities: $1.4 million
- Zero revenue since reentering the development stage
- Quarterly net loss: $281 thousand
In our previous articles covering QUAN we did extensive research on the person controlling the company – our old acquaintance Mr. Robert Federowicz. This far he has been the CEO of a company designing jeans, an oil and natural gas exploration company, currently he is in charge of Aristocrat Group Corp (OTCMKTS:ASCC), a company that is trying to launch a brand of vodka and QUAN, a robotics company. Did we forget to mention that QUAN is still proclaiming to be in the robotics industry? Just look at the official site of the company.
The red flags surrounding QUAN are just as numerous as ever. Investments should be made with extreme caution and after you have done you own research about the company.
Investors should also be careful when trading the stock of Sanborn Resources Ltd (OTCBB:SANB) who as of yesterday are being touted by a pump for $3 million. Xumanii, Inc. (OTCMKTS:XUII) are also climbing up on Awesome Penny Stock’s desperate alert emails.
