Swingplane Ventures, Inc. (OTC:SWVI) Abandoned by Awesome Penny Stocks

Just three days after Awesome Penny Stocks (APS) said their confidence in Swingplane Ventures, Inc. (OTC:SWVI) had never been stronger, it seems the pumpers have dropped it just like their previous picks when they crashed.

Yesterday SWVI lost another 14.99% and closed at $0.19 per share. Volume reached 44.7 million shares.

After the Mar. 5 email in which the pumpers proclaimed their confidence in SWVI they sent only one more on the next day, and they have been silent since. When their next pump target is set up they will probably reemerge.

When that happens, they will most likely brag about SWVI. They have bragged with pump jobs that did worse, like TagLikeMe Corp. (PINK:TAGG). Still, it has to be noted that APS stayed with SWVI longer than with previous crashing pumps.

The company itself is still keeping its course of issuing optimistic press releases almost every day. Without the pumpers, this alone may not be enough to get the price back up.

What SWVI really needs right now is to prove the Algarrobo is worth what they claim it is. The disastrous pump fiasco may hurt their chances to convince traders, even if they have something real.

At this point, there is almost nothing certain about SWVI, except that a lot of people got burned on the pump job. We’ve been on SWVI since the start of the pump, and we hope we helped our readers.