Superior Venture Corp (OTC:SVEN) Crushed
I hope the people who read my previous articles on Superior Venture Corp (OTC:SVEN) didn’t simply dismiss them as “bashing.” For those that did, the last session would have been a nightmare.
SVEN crashed, obliterating 63.16% of shareholders’ investments. The pumpers were right about one thing though, SVEN was the most actively traded stock yesterday, it just went in the other direction.
The only question which remains is whether SVEN can come back for a run before dying completely like Pristine Solutions, Inc. (PINK:PRTN). Awesome Penny Stocks (APS) didn’t sent a tout mail yesterday. Even if they resume the coverage SVEN‘s story may prove to be too weak for a rebound.
The company did come out with a press release after the close. Of course there was no comment on the fact that there was pump. There was no comment on the devastating performance in the session either.
Instead the management saw fit to talk about the growth of the China movie market, and how SVEN‘s subsidiary had co-development deals and had offered financing on others. The last part is particularly funny. The company has next to nothing, but offers financing.
If the pumpers at APS start sending tout mails on SVEN again, there is some chance it may go back up before crashing even harder. However, at this point there is no reason to believe in SVEN‘s resurrection. It may go down as the worst APS pump so far.
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