The Fresh Pump of Invivo Therapeutics Holdings Corp (OTCBB:NVIV)
Lately there has been a lot of action around Invivo Therapeutics Holdings Corp (OTCBB:NVIV) and their stock which generated some good upwards movement being traded above the $4 mark.
After NVIV had a good trading session if Friday, which helped their stock reach exactly $4 at market close, things seem to be going pretty good in today’s trading also. Their stock opened higher at $4.05 and reached a peak of $4.23 in a matter of minutes, however, it deflated and is currently being traded at $4.06.
It seems that the insiders want to reach higher prices as there hasen’t been any dumping of stock, something you would expect with such chart movements. In fact it’s quite the opposite. Trading is at a minimum with only 307 thousand shares that changed hands in Friday’s session, which is below NVIV‘s average volume of 352 thousand.
We can expect things to heat up in today’s trading, because something that we predicted in our previous article covering NVIV is already a fact. Yes, that’s right. We are talking about their newest pump. NVIV‘s stock wasn’t pumped for quite a while and the last promotional campaign that we intercepted was way back in November, 2011. However, as we stated in our previous article concerning NVIV all the facts about the company point in the direction that it is being prepared for a pump and we were right.
The email touting NVIV that we received yesterday evening was filled with the same things that we see in all of the messages which we receive from all kinds of pumpers. NYC Marketing Inc were compensated up to $20 thousand for the promotional campaign by Costa Point Ventures, but was the pump email they sent worth that much? No. The email in question is probably one of the worst pump jobs that we have ever seen.
It was terrible and in the same time funny to read, but we kind of feel bad for the people who fell for it and bought NVIV stock based on the information contained in it. You don’t even have to read through the whole text to see through its pathetic effort to generate volume. The most notable thing is that NYC Marketing Inc didn’t even go through the effort to compare present facts. The events that they are speaking about in their promotional email are from November, 2011. A quick Google search on the articles that they have a picture of, in the headlines section of Yahoo, reveals them to be that old.
They fail further with their exaggerated claims of Mr. Robert Langer, the co-founder of NVIV, being nominated for this years Nobel Prize in Medicine. There is absolutely no such thing. Mr. Langer has indeed received quite a lot of prizes for his work, but he was only predicted as a candidate for the Nobel Prize by David Pendlebury, who is an analyst with the science publisher Thomson Reuters. Can you guess what year that was. Yes, it was in 2011. It seems that 2 years have passed and the guys at NYC Marketing Inc haven’t noticed that.
When you take a look at the pumpers track record you will see that they have absolutely nothing to impress you with. They were behind the pumps of Resource Ventures Inc. (OTCMKTS:REVI) and Buyer Group Intl Inc (OTCMKTS:BYRG). The situation in both companies after the pump is similar, but you can take a look at the chart of REVI to the right and make up your own thoughts for their pump on April 24.
