WDKA, MDRM, AMWI – Pump And Dump Alerts November 25, 2011
This week were exposing these three popular Pump & Dumps: Panache Beverages (WDKA), Modern Mobility Aids (MDRM), and Amwest Imaging (AMWI).
That said, welcome to Pump and Dump Friday, where every week we highlight a few of the bogus promotions that are going on in penny stocks.
If you dont know how these scams work, be sure to check out this free report that exposes the whole thing.
Without further ado, here are this weeks disasters waiting to happen:
Panache Beverages (WDKA)
I simply couldnt resist digging into this company, especially after their marketing train wreck earlier this week.
It seems WDKA lacks any understanding of political correctness
Wednesday, the Wodka Vodka maker posted an ad on a billboard in New York City that created quite a buzz but for all the wrong reasons. The companys marketing department thought it was ok to print Christmas Quality Hanukkah Pricing on their billboard.
Heres the ad
Theres no question WDKA has shown a lack of political correctness by posting this ad. The Anti-Defamation League has called the ad Crude and Offensive. Even Fox News felt it was worth reporting.
Clearly the companys getting attention from the ad. But they already had attention from us here at Penny Stock Research for another reason
On Wednesday, we reported WDKA is being pumped by Buzz Stocks. And the pumper expects to receive 25,000 restricted shares of WDKA for running a six-month promo campaign. (I wonder if they knew about the companys ad-campaign.)
While WDKA does generate revenue, theyre far from profitable. For the nine months ending September 2011, Panache ran a $1,759,883 loss!
Even worse, their accountants have concerns about the company surviving theyre going concern note on page 13 of the latest audit report shows WDKA only making it through December 2012. Thats just about a year away.
I guess if my company was burning through cash like these guys are I wouldnt worry about running offensive ads either.
My advice stay away from WDKA!
Modern Mobility Aids (MDRM)
Give it to the guys over at Epic Stock Picks, theyve certainly picked an epic stock in MDRM.
But of course they did the pumper was paid over $40,000 by JRZ Capital LLC to hype the stock!
So what buzz is our pumper creating? Their latest email said, would have closed up at .12 today a positive sign that the bulls may be back in charge
Wow, thats even more epic analysis of MDRM than the pick itself.
Seeing the pumper released no information about the company worth reading, I went and checked out MDRMs SEC documents. And my findings werent as epic
For starters, the mobility aid company hasnt sold anything. For the three months ending September 2011, the company produced $0 in revenue!
But it gets better
In addition to not selling anything, the company racked up a loss of over $128,000!
To make matters worse, MDRM has just $1,321 in cash on the books. And theyre sitting on outstanding loans and debt of over $249,000. Their cash on hand could barely make one months payment on their loan!
With a whopping 194.5 million shares outstanding, I dont think you should buy a single one!
Amwest Imaging (AMWI)
Were loving the emails from Awesome Penny Stocks these days. They provide such in depth analysis on the companies they hype
And AMWI is no exception. Heres a quote from a recent email We think its still a winner. Thats some deep stuff guys.
What else are they going to say? Awesome Penny Stocks was paid 15,000 to pump the companys shares!
So whats AMWI all about anyway?
Amwest Imaging is in the document digitization services business. Or at least thats what theyre trying to do. You see, theyve yet to generate any revenue! Thats right, AMWI is still a developmental stage company.
Its bad enough they dont make any money, but theyve accumulated a $48,000 loss to date. Whats worse is AMWI has a mere $317 in cash. Thats really $317 there isnt a K missing after it.
I have to say, of all the companies lucky enough to grace these pages, AMWIs cash balance is the lowest yet!
Its not a stretch to think this company isnt long for this world. Any youd be wise to avoid this stock.
A final word (and warning).
So that takes care of a few of this weeks inglorious pump and dumps.
Remember, theres a lot more of this going on each week than we highlight here.
As you know, penny stocks are a great place to invest your money. You just have to do your due diligence to stay away from all the scams out there these days!
Until next time,
Brian Walker
Category: Pump & Dump Alerts
