Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Setting Up For Another Dash
After the end of Wednesday’s trading session a few of Victory Mark’s newsletters sent out a couple of emails in which they stated that they are going to stick with Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) because “they believe” and they suggest that you should do that too. After yesterday’s closing bell Awesome Penny Stocks through their affiliated newsletter said pretty much the same things and reading through their claims, we can’t help but wonder: “How come they “believe” in XUII when it was them and all their touting that made the ticker crumble just a couple of weeks ago?”.
Whatever the answer, the wave of emails did give XUII a new lease of life and the result is increased volume during Wednesday’s and Thursday’s sessions and gains of 57% and 18%, respectively. The interest was so high yesterday, that when trading seized XUII, Bebida Beverage Company (OTCMKTS:BBDA) and Vapor Corp., (OTCMKTS:VPCO) were among the biggest gainers in Pennyland in terms of both dollar volume and price increase.
Unlike XUII, however, BBDA and VPCO didn’t rely on paid promotions to get their stock on traders’ radars. They did it through press releases that got investors excited about the opportunity of locking their money in what is, at least at first glance, a solid company. This is something that XUII are no longer able to do.
The reason for this is, of course, evident from their chart. As we said in some of our previous articles, this is one of the few pumps where Awesome Penny Stocks and the Victory Mark have joined forces and it’s pretty evident that it didn’t work out quite the way people hoped it would. The colossal losses from the second half of May and the first week of June are so horrific that traders are not even inclined to believe XUII‘s PR department who, by the way, announce every other day that they have signed contracts, created a Facebook app and other such things.
Quite frankly, we’re having a hard time believing the press releases as well. Take the one from June 4, for example. In it we read that XUII have reached an agreement with Hip hop star French Montana. In the press release, you will see that he is also referred to by his real name, Karim Kharbouch. When you open the document that reflects the same exact event, however, you see that the other party in the agreement is quoted as “DARDY TOURING” p/k/a “French Montana”. Whether Dardy Touring is a company representing the rapper remains unknown and, unfortunately, there’s not much information on the Internet about them. In any case, if XUII are unable to explain this confusion in details, they will take another blow to their already battered credibility.
And by the looks of things, they are trying to recover some of it. If you have read through some of our first articles on XUII, you will probably remember that their principal office, along with the headquarters of around 19 thousand other business ventures, is located in a house on the Cayman Islands. Right now, a month later, there are no indications of changes to their address in the filings but when you open their profile on the OTC Markets, you see that they have pointed “1403 East 900 South Salt Lake City, UT 84105” as the location of their office. There are a couple of problems with that as well. The first one is that when we looked up the address on Google Maps we saw that it’s nothing more than residential house and the second one is that the official documents still quote Ugland House as their business and mailing address.
As far as red flags go, however, the discrepancies above are nothing compared to the fact that XUII‘s shares are getting the promotional treatment by Victory Mark and APS once again. We’ve seen the two pumping outfits fail with many other picks and the latest one was none other than XUII. While the renewed touting might nudge the price North for some time, there’s no telling when the emails will stop and the crash will ensue.
