The Wiki Group, Inc. (OTC:TWGI) On The Launch Pad of Pumper StockRunway.com
Each day of 2013 brings new excitement as pumpers a little forcefully awake new tickers from hybernation. With a new promotion starting this Monday, The Wiki Group, Inc. (OTC:TWGI) managed to climb more than 53% on volume exceeding several times the usual trading.
The Wiki Group develops two platforms for online payment, Wiki Pay and Wiki Loan, offering peer-to-peer financial transactions of small sums and loans, along with documentation and payment plans. The two web-based services run with the following financial backing:
- $66,132 cash
- $1.12 total liabilities
- $1801 revenues
- $211,697 net loss
But the company strives to improve its position, and announced a merger with Moneytech Limited, with each of three Directors of the board receiving 250,000 shares of common stock. The Moneytech company’s business will add solutions for small and medium enterprises to track their cash flows.
The latest pump for TWGI comes from StockRunway.com, with a budget of $4000 for a single mailing. The pumpers promise that although the online payment market is dominated by PayPal, there is still enough place for new platforms offering tailor-made services. The ticker is presented as a good short-term bid, but also showing the possibility for long-term momentum, the pumpers claim, as the company may one day become profitable.
The press releases of TWGI are ambiguous, as the company said it signed investment agreements with an unnamed New York based financing company, to aid in sourcing new investment. The financing firm will assist new debt issuance up to 20 million dollars and a public shelf offering of shares after the merger with Moneytech is complete. This may help the future development of TWGI, but will also leave the company burning through cash from debt, as its own earnings are still relatively low.
StockRunway.com has a history of past promotions, as the pump for TWGI ran along other tickers with a relatively small average budget of $4000. This pumper helped the long campaign for Global Stevia Corp. (OTC:GSTV), sending away messages in November. Since the end of the pump, the ticker has been depressed, trading for less than a fifth of its previous value.
In the case of newly-launched stock spikes, it is best to estimate the risk you can take before buying the promoted ticker.