The Pump For P.M.& E Inc (OTCMKTS:PMEA) Can’t Quite Cut It

Back in November 2012 P.M.& E Inc (OTCMKTS:PMEA)’s shares weren’t very popular with investors. Until Darth Trader and The Stock Psycho issued their alerts, that is. As soon as the emails hit the inboxes, PMEA immediately shot up like a rocket and on the first day of the promotion they opened at $0.14, reached an intraday high of $0.42 and settled at $0.33. During the next day the excitement was still on and the ticker opened $0.42, it reached its 52-week high of $0.46 but then something happened and the price started falling. By the end of the day, PMEA stood at $0.24 and the next trading session was even more painful when the shares lost a total 52% of their value, closing at $0.11. You could say that apart from the odd bounce aided by artificial hype from paid newsletters and press releases, it’s all been pretty much downhill for PMEA since then.

By April 29 when the latest promotional campaign on them started, the stock was standing at just $0.018 per share and apparently someone decided that calling the pumpers again will be a great idea. The first wave of emails hit the inboxes at the end of April, there was another one between May 13 and May 14 and the latest alerts were received yesterday.

The results? Well, having in mind what the stock is capable of, they’re pretty underwhelming. There were a few ups and downs, but on the whole, it was nothing compared to what we saw during the November pump. Still, people say that it’s not over until the overweight soprano sings and we’re not sure if she has warmed her tonsils enough yet. Having in mind the volatility of the ticker, we could see some substantial movements both up and down, especially if the pumpers decide that it’s time for another batch of emails.

With the track records of the most active pumping outfits in mind, however, things could come crashing down at any time. Take OTCEquity for example. Back on April 17 they sent out some emails for Helmer Directional Drilling Corp (OTCBB:EXLA) calling them “the real deal” which was immediately followed by 72% losses in a single trading session. Most of the newsletters currently touting PMEA were also part of the massive campaign for Eco Trade Corp (OTCMKTS:BOPT) a little over a month ago. If you are a frequent visitor of our website, you will probably know that days after the hype was over, BOPT were involved in some legal proceedings, the stock was temporarily suspended and while trading has resumed, they are currently on the Grey Market tier.

With that and PMEA‘s performance from previous pumps in mind, we’re struggling to see how they will manage to stay afloat and avoid a similar crash. But what about the long-term performance?

Well, we mentioned in several of our previous articles that PMEA‘s revolutionary panels that will supposedly push the price of solar electric energy way below the $1 per watt mark (something pumpers talk about virtually non stop) are not quite ready yet and there is no one to give us a deadline on the start of the sales. On Monday they published their latest quarterly report covering the period before March 31 and we can see that things are not looking up. Here are the figures:

• cash: $2 thousand
• total assets: $888 thousand
• total liabilities: $888 thousand
• no revenue
• quarterly net loss: $8 thousand

We’re not sure if just $2 thousand in the bank will be enough for them to finally finish the development of their exciting new technology. Having in mind he fact that they spent only $8 thousand in three months, we’re not even sure that they’re trying hard enough.