The Promotion For Biozoom Inc. (OTCBB:BIZM) Gains Momentum Once Again
At the end of last week Biozoom Inc. (OTCBB:BIZM) slowed down their explosive climb and posted more subdued gains. But now after the weekend they have started strong once again. The stock added half a dollar to its already disproportionate price levels and closed at $3.7. Investors weren’t deterred by the high price per share which resulted in more than 8 million shares being traded.
BIZM owe their surge to the widespread pump campaign run by Global Investor Research LLP through their sites – the Stock Report and Global Financial Insight. They have been quite generous in their services this far. BIZM has been announced as their top pick for 2013, hard mailers have been distributed and landing pages created, even a radio ad has been launched into circulation. And all this without receiving any kind of compensation according to their disclaimer.
A few years back in 2007 Global Financial Insight were promoting another company – BodyTel Inc. (BDYT) which shares some striking similarities with BIZM. Both started out as shells, both of them signed joined ventures with German companies and both started hyping up some miraculous patented product. BDYT were supposed to create a significantly scaled-down blood glucose monitor that never saw the light of day. Ultimately they failed to generate any revenues and after reaching a peak of $3 per share have since fallen into obscurity.
If BIZM are going to follow the same rout remains to be seen. Their handheld spectroscopic scanner has been attempted to be marketed at least twice already with no results. This time around they are accepting pre orders if you are willing to send them your information.
And don’t forget the 20 million shares, adjusted after a 33-for-1 forward split, held by seed investors who bought them at $0.003 and that are now worth $74 million.
Another company displaying the same characteristics of a pump scheme – iTalk Inc. (OTCBB:TALK), closed in the green by adding 15%, almost the same as BIZM albeit on a much lower price level of $0.9.
Lot78, Inc. (OTCMKTS:LOTED) started the week with a 10% drop. Since the forward split that brought down their price per share from $20 to $6, the company has been continually falling losing 75% of their value.
The chart movement of BIZM is unrelated to their fundamentals meaning there is no way to predict how high it may reach before crashing. The only thing that keeps them going up is the artificial hype created around their future product.
