VuMee, Inc. (OTC:VUME) Winds Down, Preferred Penny Stocks Seeks New Ticker
VuMee, Inc. (OTC:VUME) had its shot at better stock positions and missed it spectacularly, proving again that promotional peaks in ticker prices are a short-lived bubble. Despite its bid for flashier celebrity content, the web video and advertising company has not managed to salvage a single cent from investors abandoning the stock in five consecutive days of selling. 
The latest Preferred Penny Stocks pump ended January 22nd and quickly lost close to 80% of its value, sliding from above 40 cents to 5 cents. Although VUME mailings suggested long-term potential and the asset of proprietary software, the promotion has the largest effect for the stock price. VuMee combines the mailings with press releases showing their latest additions of celebrity videos. 
The VuMee project is funded with the following financials:
- $1578 cash, down from $30,297 cash for previous period
- $1 million total liabilities, up from $648,216 total liabilities
- $15,000 revenues
While hypothetically VUME may break through and become an online hit, so far its business does not measure up to the rapid movement of its stock. Knowing the potential of Preferred Penny Stocks, we warned several times about the imminent drop. This is not only due to the pump effect, but also to the nature of penny stock companies, whose business is touted as revolutionary, but in fact is sometimes less than original.
The latest attempt of VuMee to attract attention was the addition of NFL punter Steve Weatherford as a celebrity content provider. But the content of VuMee is no different from that of other social video networks.
Preferred Penny Stocks has not made its new pick for February, but with the VUME pump running on empty for a week now, we expect the new mailings will arrive soon. Other picks have a fate similar to VUME, though with even sharper falls. Pac West Equities, Inc. (PINK:PWEID) was the notorious pick of 1700% growth that tanked in just two days in mid-December.
A more recent pick, PubCrawl Holdings, Inc. (OTC:PBCW) flatlined to almost no volumes after dropping more than 80% to double-zero territory. When the next Preferred Penny Stock pump inevitably unrolls, it is best to look at the past examples and estimate your own taste for risk before following the recommendations.
