Novus Acquisition & Development Corp. (OTCMKTS:NDEV) Heads into Second Day of Pumping
After a relatively uneventful first day of paid pumping for Novus Acquisition & Development Corp. (OTCMKTS:NDEV), today the stock is featured in more paid newsletters. That doesn’t mean it will do any better.
Yesterday NDEV opened and closed at $0.28 per share for a 7.69% increase. The volume reached 3.6 million shares.
The two newsletters which had disclosed the biggest compensations were Stock Mister and The Stock Psycho/Darth Trader operated by Focus Media. Stock Mister had been paid $100 thousand and expected another $250 thousand. Stock Mister paid Focus Media $150 thousand.
Today the pump wave is joined by a number of other newsletters paid by Stock Mister. The compensations range between $3,000 and $30,000. Additionally, another outfit operating Winning Penny Stock Picks, Super Hot Penny Stocks, Super Nova Stock Picks, Penny Stock Pick Alert and Penny Stock Money Train, has been paid $25 thousand to tout NDEV today.
The track records of all of the aforementioned promoters are anything but impressive. They include stocks like Progaming Platforms Corp. (OTCMKTS:PPTF) and Massive Dynamics, Inc. (OTCMKTS:MSSD).
NDEV itself is a company with shaky fundamentals and little to get excited about. The company has nominal assets, revenues insufficient to sustain operations and an extremely short trading history.
With all those promotions and the questionable future of NDEV, traders shouldn’t have any trouble figuring out where this stock is headed.
