Virtus Oil and Gas Corp. f/k/a Curry Gold Corp (OTCBB:VOIL)’s Bounce Didn’t Last
Virtus Oil and Gas Corp. f/k/a Curry Gold Corp (OTCBB:VOIL) managed to make a 30% recovery on Wednesday, but as the charts indicate – its ascent didn’t last.
Anyone who’s done research on VOIL knows full well the reason for its erratic behavior. The company has been on the receiving end of a prolonged and rather extensive and expensive paid pump campaign. VOIL stock was touted in every way imaginable – landing pages, hard mailers, emails. This pump was so extensive that it even included phone calls from the Philippines.
And, at the end of the day, what did the pumpers tout so desperately? A company that had this to say about its financials for Q3, 2014:
- Cash and total current assets – $25 thousand
- Total current liabilities – $82 thousand
- NO REVENUES
- Net loss – $531 thousand
Disappointing, and depressing isn’t it? At this point reasonable investors should be wondering how in the world did VOIL manage to gain 30% last week, not why it fell immediately after that or why it may keep falling.
Still, it is worth noting that VOIL obviously hasn’t exhausted all of the methods for touting its stock. PR, albeit vague, optimistic and misleading is obviously still a potent tool in VOIL‘s promoting arsenal. It keeps using it to great effect, but as with all things ephemeral, meaningless PR can’t push market value up for very long.
