WDKA, MDRM, AMWI – Pump And Dump Alerts – November 25, 2011

| November 25, 2011 | 0 Comments

Pump And Dump AlertsThis week we’re 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 don’t know how these scams work, be sure to check out this free report that exposes the whole thing. 

Without further ado, here are this week’s disasters waiting to happen:

Panache Beverages (WDKA)

I simply couldn’t 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 company’s marketing department thought it was ok to print “Christmas Quality… Hanukkah Pricing” on their billboard. 

Here’s the ad…


There’s 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 company’s 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 company’s ad-campaign.)

While WDKA does generate revenue, they’re 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… they’re “going concern” note on page 13 of the latest audit report shows WDKA only making it through December 2012.  That’s just about a year away.

I guess if my company was burning through cash like these guys are… I wouldn’t 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, they’ve 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, that’s 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 MDRM’s SEC documents.  And my findings weren’t as “epic”…

For starters, the mobility aid company hasn’t 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 they’re sitting on outstanding loans and debt of over $249,000.  Their cash on hand could barely make one month’s payment on their loan!

With a whopping 194.5 million shares outstanding, I don’t think you should buy a single one!

Amwest Imaging (AMWI)

We’re 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.  Here’s a quote from a recent email… “We think it’s still a winner”.  That’s some deep stuff guys.

What else are they going to say?  Awesome Penny Stocks was paid €15,000 to pump the company’s shares!

So what’s AMWI all about anyway?

Amwest Imaging is in the document digitization services business.  Or at least that’s what they’re trying to do.  You see, they’ve yet to generate any revenue!  That’s right, AMWI is still a developmental stage company. 

It’s bad enough they don’t make any money, but they’ve accumulated a $48,000 loss to date.  What’s worse is AMWI has a mere $317 in cash.  That’s really $317… there isn’t a “K” missing after it.

I have to say, of all the companies lucky enough to grace these pages, AMWI’s cash balance is the lowest yet!

It’s not a stretch to think this company isn’t long for this world.  Any you’d be wise to avoid this stock.

A final word (and warning).

So that takes care of a few of this week’s inglorious “pump and dumps”.

Remember, there’s 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

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Category: Pump & Dump Alerts

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.