Sunrise Holdings Ltd (PINK:SUIP) Get Some Much Needed TLC from Winning Penny Stock Picks

We come across promoted mineral exploration companies virtually every day. We’re not sure why pumpers love them so much, but they seem to think that the mining industry along with the medical marijuana business are the hottest sectors right now. If that’s true, Sunrise Holdings Ltd (PINK:SUIP) should be in a very good position since they are a small cap mining company.

The emails from Winning Penny Stock Picks, as well as their affiliated newsletters came around the start of yesterday’s session and it appears that the touting did have an effect. Quite a massive one, at that. SUIP‘s previous close was $0.01 and yesterday they stopped at $0.03. They also hit an intraday high of $0.07 which, as you can imagine, was a great opportunity for a profit but, as always, we’ll remain just that little bit skeptical and we’ll ask the question: “Will SUIP be able to make their shareholders happy and provide some long-term profits, or will they do the same thing that all the pumped mining penny stocks do, and crash hard in a few days’ time?”.

Well, Winning Penny Stock Picks spare no compliments on SUIP and at one point, they even call them an “incredible pick”. When we saw that we thought that we might have just come across the unthinkable – a small cap mining corporation that is operating and generating revenue. We eagerly opened their filings to see if that’s indeed the case. It’s not. The latest 10-Q covers the quarter that ended on December 31, 2012 and it contains the following figures:

• total assets: $640
• total liabilities: $27 thousand
• revenue since inception: $0
• quarterly net loss: $4 thousand
• net loss since inception: $211 thousand

So far, SUIP are not incredible at all, but maybe there are some news around them that could make investors fall head over heels for them. Unfortunately, SUIP can’t be bothered to create a website through which they can give people some more information about themselves as well as the developments around them and according to the rest of the sources, there’s nothing new either.

All in all, they seem to be at a standstill and they have been in that state for an excruciatingly long time. This is actually not the first time that we write about them. Back in March 2011 there was also some movement around them and in a few days the ticker had gained some substantial value. The reasons for this increase were some rumors that SUIP are about to complete a reverse merger and finally start operations. Now, two years later, we can see that nothing has happened and we are pretty sure that nothing will happen in the foreseeable future, which is why you should be careful when making your investment decision on SUIP.

Even more so when you have in mind the fact that they are currently being pumped by newsletters. We have all seen what happens when there is artificial hype around a company, and when the featured business has very little money, the things get even worse. We had a quick look through Winning Penny Stock Picks’ portfolio to bring out a couple of examples that illustrate exactly what we mean and we came up with the charts for Buyer Group Intl Inc (PINK:BYRG) and Dethrone Royalty Hol (OTC:DRHC) that you see on the right. Both BYRG and DRHC got pumped by Winning Penny Stock Picks last month and both plummeted shortly after the excitement around them was over.

Having in mind the idle state of SUIP, we’re struggling to see what will stop history from repeating itself.