Vitamin Blue, Inc. (OTCBB:VTMB) Explodes On Pump
Vitamin Blue, Inc. (OTCBB:VTMB) quadrupled its market value in yesterdays session, after a couple of pump e-mails touting it hit the web.
The ticker had been lost in quadruple zero obscurity for months after its latest paid pump crashed it to the ground, so it should be no surprise to see it rise only because it was the target of another promotional campaign.
Truth be told, promoters PennyStockSuperstar, StockBeast and OTCStars did an excellent job pumping VTMB – especially if you consider the fact that they were doing so for no compensation. However, even after all their efforts have born fruit, VTMB is worth less than one fifth of a penny – and there is a good reason for that.
To put it bluntly, it doesn’t matter how much praise pumpers heap on VTMB – the truth remains that the company itself has done very little to impress investors in the SIXTEEN YEARS since its incorporation. Don’t believe us? Have a look at the numbers in its latest financial report:
- Cash – $1713 (NUMBER NOT IN THOUSANDS)
- Total current assets – $35 thousand
- Total current liabilities – $774 thousand
- Quarterly Sales – $80 thousand
- Biquarterly net loss – $9 thousand
And if those numbers weren’t depressing enough in and of themselves, VTMB has $212 thousand worth of Convertible notes, whose discounts are mentioned but not specified. The fact that this is the case speaks volumes about about the company.
In conclusion – VTMB‘s latest jump looks like your usual OTC Markets pinksheets pump run. Granted, the results that the pumpers achieved are extraordinary, but that should only keep investors on edge even more. Long story short – let the buyer be ware.
