Stock Mister Tears The Stock of VOIS Inc. (PINK:VOIS) to Shreds
A couple of days ago, we exposed Stock Mister as one of the major pumpers of Primco Management Inc (OTC:PMCM). Ironically enough, that same promoter has now entered the spotlight again, this time touting the stock of VOIS Inc. (PINK:VOIS). The compensation is huge. The results – not in the least satisfactory.
Roughly one hour into today’s market session, VOIS shares have already taken a huge nosedive and are showing no signs of slowing down. Having lost more than 78% in just under 60 minutes, VOIS stock is headed straight towards the tripple-zero marketplace. Obviously, there are a lot of interested parties behind Stock Mister hitting the stock on all accounts. As it turned out, however, the pump job quickly resulted in an utter failure.
Even though paid pumps tend to have an adverse effect on the penny stock they are touting, a meltdown such as the one VOIS is experiencing at the moment does not happen every day. The losses are total, the victory, if any, – Pyrrhic.
Nevertheless, that was kind of expected, or at least could have been predicted. Whenever penny stocks get involved in a paid promotion, this is a test to their resilience to artificial market plays. The stronger the company (both in terms of financial and business assets), the less susceptible it will be to such manipulations. Sadly, this is not the case with VOIS.
It does not take a rocket scientist to figure out how hopelessly indebted the company is. Not only does VOIS have no assets whatsoever (okay, except for the $3K of property pointed out in the 10-K), but it has also accrued an aggregate loss of $30 million. If this were not enough, the company’s website, which is supposed to be VOIS‘s sole business platform, is currently down. What is more, the office they are seemingly occupying looks more like a two-storey residential house rather than an administrative building.
Based on the facts mentioned above, Stock Mister’s epic fail to give the stock a boost hardly takes us by surprise. After all, you should not forget that Stock Mister, like many other pumpers out there, consists of a bunch of people willing to spread the word, be it true or false, on a penny stock against remuneration. They are not wizards. And we highly doubt if even a wizard could help VOIS get out of the black hole it is in right now.