Nothing New Around P.M.& E Inc (OTCMKTS:PMEA)
Another month, another press release and another pump for P.M.& E Inc (OTCMKTS:PMEA). That is basically what has been happening to them for the better part of six months and there is nothing really solid to suggest that things will change any time soon.
Why would we say that? Here is one thing to consider: it’s been nearly three months since they announced that they are carrying out negotiations with a company that is supposed to distribute their revolutionary solar panels in Russia. Since then they have not said anything about proceedings on this front. We can’t say that we’re surprised.
A month before those discussions started, PMEA issued a press release according to which there has been some testing on their GEN4 MPSV photo voltaic system and they said that the results are impressive. Now, four months later, they say that more testing has been done and this time, they are trying to incorporate fuel cell technology. What can we deduce from those announcements?
It’s quite obvious, isn’t it? The system is nowhere near ready for marketing and they still have some considerable way to go until they are able to start generating the all important revenues. Unfortunately, no deadlines are mentioned in the press releases which means that some of the potential traders will decide to play it safe and will not risk too much with a technology that is not yet completely developed.
Then there’s another question: “Will it be developed at all?”. We wrote in our previous articles that while PMEA don’t have any liabilities, their cash resources amount to just $2 thousand and we really can’t see how this amount will be enough for them to get the whole show on the road. If we have to be completely honest we’re even struggling to see how they managed to pay for the testing mentioned in the press release.
And the fact that they are developing such a high-end, state-of-the-art technology when you have in mind that thee total net losses since inception have not exceeded $20 thousand is still just as unfathomable to us as it was a couple of weeks ago.
Despite all this, PMEA are constantly targeted by paid promoters and while the effect of the last campaign wasn’t really all that remarkable, it still managed to push the price down below the $0.02 per share mark. Yesterday, the ticker bounced a little and now 24-7 Stock Alert are trying to create some more hype around PMEA once again.
So who are 24-7 Stock Alert? Well, they are a relatively small newsletter and they are owned by the Trinity International LLC, according to their disclaimer. We have been receiving their picks for a relatively short period of time, but we still see some pretty appalling results from some of their promotions. On April 23, for example, they were part of the campaign on DoMark International Inc (OTCMKTS:DOMK) who managed to make a short run in the right direction before crumbling down. DOMK‘s value has plummeted by as much as 36% compared to the high of the pump.
MineralRite Corp (OTCMKTS:RITE)’s promotion from April 25, however, took on a different scenario and as soon as the emails started flying around, the price went south meaning that just a couple of days later, RITE‘s shares were 65% cheaper.
This goes to show that while PMEA managed to stay afloat during the previous campaign this new, smaller one could still bring it down. At more than $0.02 per share, there certainly is room to maneuver and if you don’t weigh your risks carefully, you could end up losing quite a lot of money.