Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Gets Closer to the $1 Mark

Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) had another spectacular session yesterday, and it’s now much closer to the $1 mark. The people at Awesome Penny Stocks and its affiliate newsletters are probably breathing easier.

XUII closed up another 25.47% at $0.665 per share. The volume exceeded 28 million shares, a thing which hadn’t happened since May. The dollar volume was about twice that of Liqidmetal Technologies, Inc. (OTCBB:LQMT).

The company hasn’t issued any press releases since Jul. 16 when it announced it had merged into a wholly-owned subsidiary to effect a name change. The lack of new information hasn’t hindered the surge of XUII. In fact it may be helping the price climb as many traders follow the “buy on hype, sell on news” idea.

The incredible market performance seems to have made XUII quite complacent with its filings. The company previously filed 8-K forms for each of its deals, but there is still no filing about the contract with Teyana Taylor, which was announced on Jul. 8.

A filing for the merger and name change is also missing at this point, although XUII said it would be filing with FINRA within 48 hours of the press release from Jul. 16.

The lack of filings and news is unlikely to affect trading right now. XUII is moving on hype, a supposed short squeeze, and because it managed to breach its previous high, last Friday. Still, one can’t be certain XUII will reach the $1. At yesterday’s close the market cap had reached $226 million. That’s for a company which is still to prove it can generate any revenue.