Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Gaps up after APS Promise
Yesterda, Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) had one of its best sessions, since the peak in May.
XUII opened with a significant gap at $0.327 and stayed above that throughout the session. The price reached a high of $0.378 around noon, but ultimately closed at $0.36 per share – up 17.92%. the volume was also impressive reaching more than 22 million shares.
All this came after Awesome Penny Stocks (APS) and its affiliated newsletters made a bold statement on Sunday. The pumpers said they would retire if XUII didn’t go over the $1 mark. They didn’t give a specific time frame for the target.
The company also issued a press release yesterday. It’s about another “signing.” This time, it’s Teyana Taylor. At this time the 8-K about the deal hasn’t been filed, but it won’t be a surprise if it’s similar to the previous deals of XUII – meaning XUII is the paying party.
In the meantime, looking at Xumanii’s website we noticed they have pushed back the date of the Mac Miller broadcast from Jul. 18 to Jul. 30. The French Montana event is supposed to be broadcast on Aug. 19. This basically means there will be no way to see whether XUII will get any revenues for about 20 more days.
The latest email from Penny Stocks Expert (owned and operated by the same entity as APS) chews over the same tout claims the group has been making since the pump started in May. They are talking about a “short squeeze,” institutional investors and so on.
They also go on to compare XUII with Lot78 Inc (OTCMKTS:LOTE) – a proven pump which is currently trading around 90% down from its peak. The other stock the pumpers mention as an example for a “short squeeze” is none other than the Federal National Morgage Association (OTCBB:FNMA).
Even if one accepts those two companies as examples, the fact remains, that APS has been saying a short squeeze is imminent for nearly two months and there’s little evidence to support such a claim. Additionally, traders should ask themselves whether yesterday’s gain had more to do with a short squeeze, or the claim made by the pumpers that their affiliates will be buying 20 million shares.
