Soul and Vibe Interactive Inc (OTCBB:SOULD) Fails to File on Time

As of today, Soul and Vibe Interactive Inc (OTCBB:SOULD) has been relegated to the OTC Pink Limited tier of the OTC.

The company was supposed to file its quarterly financial report or a notification of late filing yesterday. The relegation isn’t permanent, SOULD can get back to the OTCQB if it files the report or the notification.

Still, the missed due date can have a further negative impact on the already ailing stock. Yesterday SOULD closed down another 3.5% at $1.93 per share. The percentage loss wasn’t as high as in the two previous sessions, but this time the drop came on a much higher volume – more than 976 thousand shares.

The poor market performance of SOULD in the sessions since the 1-for-3 reverse split may have some people worried. After yesterday’s close we received a few emails touting the stock.

There seem to be two distinct pump campaigns. One is carried out through the Stock Publisher and Penny Stock Crew newsletters. The compensation is $60 thousand, and the paying third party is Hunter Marketing. The other campaign is a lot cheaper – $16 thousand paid by ODD Marketing, and carried out by Penny Stocks 101 and Breakoutstocks.com.

While the newsletters seem to be run by different outfits, they have all been pumping the same stocks in the past. The previous two paid pump jobs of the aforementioned newsletters were Foodfest International 2000 Inc (OTCMKTS:FDFT) and Worldwide Internet Inc (OTCMKTS:WNTR).

Both of the pumped stocks crashed horribly as you can see on the charts. This doesn’t necessarily mean SOULD will share 

their fate. SOULD has seen active trading unlike WNTR and FDFT, which had barely been traded prior to their pumps. Still, a crash is a possibility traders should consider.