Xumanii, Inc. f/k/a Medora Corp. (OTCMKTS:XUII) Pump Soldiers On

Prior to yesterday’s open, Xumanii, Inc. f/k/a Medora Corp. (OTCMKTS:XUII) announced that the broadcast featuring Akon brought more than 600% increase in viewer count over the previous event.

That may sound impressive, but XUII closed down 6.33% at $0.355 per share on a little over 26 million shares.

There are many reasons why seemingly positive news may lead to a negative close. In the case of XUII, we could start with the announcement itself. A 600% increase in viewer log-ins could represent an increase from 1 million to 6 million, but it could just as well be from 10 to 60. XUII hasn’t presented an actual number so it’s up to the public to guess what that means.

Additionally, whatever the number may be, it’s a number of free viewer log-ins, meaning XUII didn’t make any money out of it. In fact the company paid $100 thousand an 4 million shares just to get the rights for the broadcast. That’s one of the points we made in a recent video on XUII:

One other thing about the broadcast is that XUII, may want to stop calling it “live broadcast.” It was a broadcast of a live performance, but the broadcast itself was a day later.

In a recent email by Awesome Penny Stocks, the pumpers say “…lets look at the fundamentals…” The 600% increase could pertain to the fundamentals, but as I already stated, it doesn’t really give any solid information about the performance of XUII.

They also try to hype up the “potential partnership with Abu Dhabi Media.” The keyword here is “potential.” There is no guarantee there will be any partnership, nor is there any indication of how that could actually affect XUII.

After that the pumpers stray from the fundamentals. They skip the part that XUII isn’t making any money and it has been financing its operations through debt and equity financing. That includes a convertible promissory note for more than $600 thousand which can be converted into common shares at a huge discount from the market price on or after December 30, 2013.

At this point there is no question as to whether XUII is a pump job. The questions remaining are when will it crash, how hard will it crash, and will it get another spike before crashing?