Swingplane Ventures, Inc. (OTC:SWVI) Gets More Pump Efforts?

By now, everyone knows Swingplane Ventures, Inc. (OTC:SWVI) is being pumped by Awesome Penny Stocks (APS). However, last Friday some other promoters joined in.

SWVI closed up 3.17% at $0.391 with approximately 11.4 million shares in volume. Several times during the session the price went above 40 cents, but it didn’t hold those levels.

The new paid newsletters, which started mailing on Friday, are Super Stock Plays and Buy Penny Stocks. They seem to share owners and both disclose a $15 thousand compensation. Also both sent emails with content from Penny Stock Pillager which had another disclaimer showing $500 thousand as a total budget managed by Capital Financial Media (CFM).

CFM has been used to managed a lot of other big pump jobs. While the disclaimer says a Joebertson Business Inc. paid for the advertisement, it also states “more information can be received from SWVI‘s investor relations representative.”

In a press release from Jan. 24, SWVI said they weren’t aware of any investor relations activity on behalf of the company, but maybe things have changed.

Both APS and the new promoter say that SWVI recently acquired the Algarrobo Property. However, technically, this may not be accurate. There is no filing which says SWVI has closed the deal with Mid Americas Corp.

What the filings do say, is that SWVI will file a Super 8-K when the transaction is closed. The company was supposed to close it on or before Jan. 31, and as of the time of this writing there is no such filing.

At this time SWVI has an option agreement and very little else. It’s a precarious position for potential investors, and they should be extremely careful, especially considering the background of SWVI.