Swingplane Ventures, Inc. (OTC:SWVI) Coping after the Pump

It’s been a week since the last pump mail on Swingplane Ventures, Inc. (OTC:SWVI). In that email, Awesome Penny Stocks (APS) said SWVI was “on the cusp of a major rally.” Safe to say, they were wrong.

Yesterday SWVI closed up 33.64% at $0.147 on 28.3 million shares. On its own it would seem like a great session. In the bigger picture, however, it’s nothing impressive. SWVI is still down more than 80% from the pump peak.

Bounces after the end of a pump are not uncommon with APS pumps. World Moto, Inc. (OTC:FARE) also had a few, but ultimately for a pump job to really turn around it would need a real profitable business, and that hasn’t happened with a single APS pump so far.

Even if we assume that the management of SWVI really intends to go somewhere beyond being a crashed pump job, at this point SWVI is a company which needs to raise millions of dollars to develop a project, which may or may not take off.

Yesterday’s bounce may have been partly the result of a message from Carlos De la Torre, President and Director of SWVI. It gave the public some projections about revenues and expenses, but after the pump fiasco people may need something more than forward-looking statements, and there’s no guarantee SWVI can deliver anything more than that.

Today, SWVI is down in early trading. At the time of this writing it’s trading around $0.135 or down 8.16%