Swingplane Ventures, Inc. (OTC:SWVI) Suspended in Berlin, Pump Goes On

Last Friday, Swingplane Ventures, Inc. (OTC:SWVI) got suspended from trading on the Berlin stock exchange. On the OTC, SWVI closed down 4.42% at $0.432 per share, and the volume reached 19.8 million shares.

SWVI is not the first Awesome Penny Stocks (APS) pump job to get suspended on an European exchange. TagLikeMe Corp (PINK:TAGG) got suspended on the Frankfurt exchange back in November. These days TAGG is trading more than 90% below the pump high.

After the close, SWVI issued a press release about the Algarrobo property and some supposed artisanal workings on it. The problem with that is still the fact that SWVI hasn’t finalized the acquisition of Mid Americas Corp, and subsequently doesn’t have any rights or interests in the property, yet.

A recent email from the APS outfit touts SWVI on the basis of that press release, and suggests that SWVI could generate “hundreds of millions of dollar in revenue.” “Could” is the operative word here. It’s in stark contrast with the statement in the latest 10-Q of SWVI, which says the company doesn’t expect to generate any revenues in the near future.

The other argument of APS is also based on a “report” which we have spoken about in a previous article. It’s a report, which is simply an advertisement, and shouldn’t be used to make investment decisions.