Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Maybe the End of Awesome Penny Stocks
In what is turning out to be the longest Awesome Penny Stocks (APS) pump job, Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) may spell the end of the line for the pumper outfit.
Yesterday, the pumpers sent an email saying they would retire, if XUII doesn’t go above $1 per share.
While this isn’t the most outrageous target APS have given for a pick, it’s still more than 300% higher than the closing price from Friday. Then, XUII closed up 8.23% at $0.3052 per share. The volume fell a little short of 6 million shares.
The company has been silent since it issued a press release on Jul. 3. It was a strange release, as it didn’t really reveal anything. It was a “congratulation” for the success of John Monopoly, who was hired as a consultant in May.
The aim was probably to get some people to see an article in which Mr. Monopoly mentions XUII. The article in question dates back to Jun. 19.
Along with the company press release, on Jul. 3 there was an announcement from S&P Capital IQ, about a “Factual Stock Report coverage on Xumanii.” At first blush that may seem like a big deal, but the fact of the matter is the factual stock report doesn’t say anything good about XUII.
It does say that the company hasn’t generated revenues. It also says XUII expects it will need nearly $1.4 million over the next year, and that the company intends to meet those requirements by generating revenue and a combination of debt and equity financing.
In the aforementioned email, the pumpers state that their affiliates “intend to purchase 20 million shares…” If this is true, it could give a boost to the price of XUII, but only time will tell, if it will be enough of a boost.