Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Breaks out
Friday’s are rarely exciting for stocks traded on the OTC. There are, however, exceptions and last Friday the exception was provided by Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII).
XUII closed up another 20.45% at $0.53 per share. The volume almost reached 22 million shares. The break out came after XUII managed to close above its previous high on Thursday.
Other than the pumpers’ efforts, there really wasn’t anything to fuel the surge. Awesome Penny Stocks (APS) and the other Degroupa Tenner Morales Media Corp. newsletters have a lot riding on XUII‘s performance.
The pumper outfit promised it would close down if XUII doesn’t break the $1 mark. The other group still touting XUII is Victory Mark (VM) through its newsletters – Select Penny Stocks and Penny Stock Heroes. VM hasn’t promised to do anything should XUII fail to reach $1.
In one of its recent emails APS goes on about the supposed short squeeze, but also states “XUII is soaring on solid fundamentals…” Few things can be said about XUII with certainty, however, the fact that it doesn’t have solid fundamentals is one of them.
The company hasn’t managed to bring in a dime of revenue. The latest financial report showed it had a little over $18 thousand in assets and more than $1 million in liabilities. The company hasn’t announced any financing and the filings about its deals with artists show only money the company has spent.
In addition to the two more influential pump groups, Focus Media’s Darth Trader and The Stock Psycho jumped on board the XUII pump on Friday. They didn’t disclose any compensation.
It seems like Focus Media is just trying to get a piggy back ride on APS’s play in an attempt to make up for the disastrous pumps they have offered in the past. The latest one being Dephasium Corp. (OTCMKTS:DPHS) on Jul. 2. It crashed as soon as the group tried to pump it, bringing losses of up to 60%.
Only time will tell whether APS and the other pumpers have what it takes to pump XUII over a buck per share. It is, however, clear that they have managed to make it a more popular stock than some which actually have solid fundamentals like Liquidmetal Technologies Inc (OTCBB:LQMT).
