Swingplane Ventures, Inc. (OTC:SWVI) Fails to Inspire Confidence

Swingplane Ventures, Inc. (OTC:SWVI) took a dive yesterday despite the continuing pump campaign, the optimistic press releases and the filed 8-K for the acquisition of Mid Americas Corp.

SWVI took off in early trading, but eventually closed down 27.75% at $0.50 per share with 43.6 million shares changing hands.

Of course, the pumpers are still saying this is just a retrace and an opportunity to get in cheap. They base those claims on this being the second big drop for SWVI and “history has a tendency to repeat itself.”

We can only partly agree with that last part. History has been repeating consistently with Awesome Penny Stocks pump jobs. With variations in specific price levels, all APS pumps have crashed between 80% and 99%.

World Moto, Inc. (OTC:FARE) was the stock touted by the same pumpers before SWVI. It reached about $0.325 before crashing hard. A little over two months after the pump it’s down approximately 82% from the high.

Eaton Scientific Systems, Inc. f.k.a. Pristine Solutions, Inc. (PINK:ESSI) was pumped by APS back in August-September of 2012. It’s now more than 99% down.

In the meantime SWVI has been active too. The company has issued four press releases this week alone. All the efforts in creating and increasing the hype around SWVI may not be enough for the market. Until the company can actually proves it has something substantial it will remain just another APS pump job.