Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Hanging In

Despite being a company with no reported revenues, insignificant assets, more than a million in liabilities and a pump activity background, Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) is still hanging in.

Yesterday XUII closed up 1.47% at $0.2699 on 6.2 million shares. Today it’s moving around $0.27 per share. This still makes it a company with a market cap of more than $90 million.

Today the company hasn’t made any announcements. The last press release was on Tuesday, Jun 18, and it was about the signing of hip-hop artist Mac Miller. XUII is supposed to get 3 live broadcasts, and according to their website the first one will be on July 18. Once again it’s a free event which will not generate any revenues for XUII unless they manage to get someone willing to pay for advertisement.

Currently, both the Awesome Penny Stocks (APS) group and Victory Mark’s newsletters are on XUII. APS got excited over a 9 page report on Xumanii. You would have to pay $103.50 if you are too keen to read it.

You may want to be extra careful with promoted stocks these days. This month alone the SEC has suspended the stock of 3 companies which had ongoing pump campaigns. Polar Petroleum Corp. (OTCMKTS:POLR) got suspended on Jun 10 and resumed trading this Monday, on the grey markets trading nearly 90% down from the price before the suspension.

Two days ago, Biozoom Inc (OTCBB:BIZM) also got suspended. The suspension should last until July 10. Norstra Energy Inc (OTCBB:NORX“>NORX) was suspended yesterday and trading is supposed to resume around July 11.

All those companies were promoted through a different pump approach which included landing pages and paper mailers presenting reports with ridiculous price targets. XUII is a different type of pump, but it’s just as easy to lose your investment if you’re not careful.