Agrieuro Corp. (OTCBB:EURI)’s Pump Smashes The Ceiling
Agrieuro Corp. (OTCBB:EURI) added another 75.31% to its market value yesterday, riding the hype of yet another positive review that hit its newsfeed before the session started. Well, that, and the barrage of pump e-mails coming its way.
Three seperate e-mails touting EURI hit the web yesterday alone – one by FinestPennyStocks, one by smartstockwinners and one by BestAmericanStocks. Today, we have received pumps from four different promoters, including SmartStockChoices. Perceptive investors would have noticed by now that these pumpers are putting a surprising amount of energy into touting EURI, especially since they’re supposedly not getting paid to do so. Admittedly, something in this situation does not add up.
What is perfectly clear for anyone to see is that these pumps are all that is currently keeping EURI up. Its meager-looking achievements certainly couldn’t do that:
- Cash and cash equivalents – $13 thousand
- Total Current Assets – $187 thousand
- Total Current Liabilities – $1.8 MILLION
- Quarterly Revenues – $151 thousand
- Quarterly Net Loss – $95 thousand
What’s even worse than these mediocre numbers is the fact that they do not even represent the biggest threat to investor value at the moment.
No, rather the company’s convertible notes that can be turned into shares of EURI common stock at undisclosed rates pose a much more serious threat.
So let’s recap. A mediocre-looking company with nearly two million dollars worth of debt that converts who knows how cheaply makes a serious jumps on unpaid pumps, each one of which – including yesterday’s – seems to be followed by a sudden pullback.
One does not need to be a psychic or a genius to figure what is happening here. Investors are advised to think very carefully on that and act accordingly.
