Swingplane Ventures, Inc. (OTC:SWVI) Should Close the Deal Today

Swingplane Ventures, Inc. (OTC:SWVI), the ongoing pump job by Awesome Penny Stocks (APS), should be closing the deal for the acquisition of Mid Americas Corp. today.

As the deadline draws near, tension is running high. Yesterday SWVI closed up 1.98% at $0.361 per share, on 9.4 million shares traded.

APS is still trying to compare SWVI to another OTC stock which made a huge run the past 5 sessions. It’s Echo Automotive, Inc. (OTC:ECAU) f.k.a. Canterbury Res Inc. There are a couple of problems with that comparison.

For one, ECAU was pumped by a different outfit, not APS. The campaign was much bigger, supposedly running a $3 million budget, and it included paper mailers sent to the public.

The other issue is that ECAU is nothing more than a pump, and it dropped 40% yesterday. To the extent that botch SWVI and ECAU are pump jobs, they are similar, but it’s hardly a positive point for SWVI.

In theory when SWVI completes the deal with Mid Americas, the public should get a Super 8-K with some information about the financial history and current situation. At this time, however, the Super 8-K hasn’t been filed. When, and if, it is filed, there’s still a chance the information would be insufficient for an objective valuation.

In my previous articles, I’ve gone over most of the troubling details about SWVI‘s history and the way it was set up. Readers are advised to exercise extreme caution with this APS pump job.