Makism 3D Corp (OTCBB:MDDD)’s Pump Goes on, Snail Mail Activity Reported
It would appear that Makism 3D Corp (OTCBB:MDDD) simply refuses to stop climbing up the charts. Yesterday the ticker registered its second green session in a row and jumped by 32%, closing the day at $0.787, and bringing the company’s market cap to more than $46 million. The trading volume wasn’t quite as big as the ones seen during the first days of the $2.75 million pump, but, at more than 3 million shares traded in just six and a half hours, it’s still pretty high.
The positive trend that seems more and more solid is absolutely baffling. Not least because of the lack of any new developments.
The latest press release concerning the company’s operation went out more than a week ago. Since then, MDDD‘s profile has received a skulls and crossbones designation, the ticker has experienced two 40% drops, and the management team has made an attempt to say that they are sorry.
Even the pumpers have gone quiet now. Or have they?
Well, there has been no touting through the emails since last Wednesday when Super St0ck Plays stated that MDDD is a part of “the 3D printing revolution“, but it would appear that right now, the promoters are employing some other methods.
We first heard rumors about a paper mailer campaign about a week ago when the promotion was still fresh. Now, it seems, more people are talking about a sixteen-page flyer which, reportedly, contains Andy Chambers’ optimistic projections about the future and his far-fetched price targets of $10 per share. We have yet to see any pictures of the hard mailer which means that we’re not sure that it exists, but if it does, how will it affect the stock?
Well, in early trading today, things are not looking very good. MDDD had a strong open and a few minutes into the session, it managed to reach a high of $0.86. Unfortunately, the peak was followed by a scary drop and a low of $0.70 was registered before 10:00AM. About an hour after the opening bell, it has managed to recover some of the lost ground, but is still in the red.
We can see that Small Cap Network have also renewed their efforts. They published an article about half an hour before trading started today in an attempt to tout the strong performance from yesterday’s session. We mentioned a week ago that they have been compensated $9 thousand for their promotional effort on MDDD and, as we also noted, the same people were trying to convince traders that Arch Therapeutics Inc (OTCBB:ARTH) is a brilliant investment option back in the summer. As you can see from the chart on the right, the latter hasn’t really worked.
All in all, it seems that despite the caveat emptor badge and despite the increased pressure from the SEC, the pump for MDDD is not over yet. This means that new investors are being drawn in as we speak and if you are one of the people who are now starting to consider the options, you should be sure to conduct the proper amount of due diligence before making any decisions.