Soul and Vibe Interactive Inc (OTCBB:SOUL) Crashing after Pump

In the first session for 2014 Soul and Vibe Interactive Inc (OTCBB:SOUL) took a significant hit. It was to be expected, considering the large number of pump emails which were disseminated during the holidays.

Despite closing up, SOUL stock showed weakness in the last session of 2013, and yesterday that weakness led to a close at $0.439 per share – down 20.18%. The volume was also much lower than in the Dec. 31 session, but still reached 1.4 million shares.

SOUL has an impressive history of paid pump jobs. The latest significant campaign started on Dec. 22 and the effect is easily visible on the chart. The compensations for the promoting newsletters were relatively low, ranging from $4,000 to $15,000. Those numbers pale in comparison with the $2.5 million supposedly paid for the pump job on Tiger Oil and Energy Inc (OTCMKTS:TGRO).

Most of the newsletters used in the SOUL pump had been a part of previous tout efforts on SOUL, and as usual, most of the emails were full of pumper babble. Still, in the absence of anything exciting coming from the company, traders and investors had to make do with the pump emails.

On July 31, 2013, the company announced an agreement with Larva Game Studios. The Mexico based company is supposedly developing two games for SOUL, but there hasn’t been any word on the matter since the announcement in July.

While this latest pump job gave pump players a chance to make a quick buck, long SOUL shareholders don’t have much to be happy about.