Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Gets the Caveat Emptor
After nearly 3 months of being pumped by two of the biggest pumper outfits, Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) finally got the Caveat Emptor on OTCMarkets.com.
It happened yesterday, but we are not certain about the exact time. XUII closed up 24.97% at $0.465 on 31 million shares. The session went relatively smoothly, but after hours trading has XUII down 15.91% at $0.391, so the caveat emptor may have come after the close.
The caveat emptor designation can be assigned for a number of reasons. In most cases OTCMarkets.com doesn’t specify the reason or reasons. As most, if not all, people interested in XUII know, it has been and still is being pumped by Awesome Penny Stocks (APS) and Victory Mark.
These promotional activities may be one potential reason for the caveat. Additionally, the company hasn’t filed an 8-K about the deal with Teyana Taylor, nor has it filed the documents for the supposed name change.
XUII did issue a press release yesterday about the upcoming broadcast of a Mac Miller performance. The significance of that release is questionable as the event has been promoted on the website of Xumanii and the facebook pages of the company and the artist.
APS has managed to pump XUII to levels which could potentially mean profit for most traders, although it didn’t last long and the volume was nowhere near the amounts traded on the first day of the APS pump. The caveat designation wasn’t mentioned in the pumpers’ emails yesterday.
Furthermore, XUII hasn’t reached the promised $1 mark, and if it doesn’t it will be interesting to see whether the pumpers will keep their promise and retire. The caveat emptor may or may not cause a significant crash, but it certainly won’t help the pump.