MyEcheck Inc (OTCMKTS:MYEC) Fading Away

As I pointed out in my article on MyEcheck Inc (OTCMKTS:MYEC) from Jul. 9, the stock price was moving up based on speculations and artificially created hype.

As it often happens in such cases, MYEC has since lost a significant chunk of its value over the past few sessions. Yesterday it closed down another 13.33% at $0.0065 per share, bringing the decline in the last three days to a round 35%. More than 92 million shares changed hands yesterday.

The company still hasn’t issued a new press release, and the quarterly report still hasn’t been filed. This, however, hasn’t put an end to the attempts to hype up MYEC. The outfit touting MYEC is Penny Stock Geeks.

Yesterday they tweeted a bunch of baseless optimistic nonsense about a “buyout” and how the price was set to break out because of some hypothetical press release. The latter was based on the words of non other than Sierra World Equity Review (Sierra).

For those who have dealt with penny stock pumps for a while the name probably rings some bells. It’s a blog-turned-website releasing all kinds of baseless rumors. Anyone who believes the “news” published by Sierra has no one to blame but themselves. There is a disclaimer and it includes lines like: “…entertainment and fictional posts presented within this website…”

So far we haven’t found proof there is a paid pump going on, but the seemingly free pump efforts have managed to put MYEC up in the list of the most actively traded OTC and Pink stocks, alongside significant pumps like Xumanii Inc. f/k/a Medora Corp (OTCMKTS:XUII) and Premier Brands Inc (OTCMKTS:BRND).