Penny Stock Circle Welcomes Lot78, Inc. (OTC:LOTE) Into The Pump Circle

Until a few weeks ago, Lot78, Inc. (OTC:LOTE) operated as Bold Energy, Inc. bearing the ticker symbol BOLD. However, things are no longer the same after a former head of sales for Giorgio Armani S.P.A. suddenly became the new CEO of the company. Coincindetally or not, the latter has now come under promotional attack.

The name change occurred shortly after Bold Energy, Inc. acquired 100% of the total outstanding stock of Lot78, Inc. owned by none other than Ollie Amhurst, an Armani alumnus. As a result, Lot78 became a wholly-owned subsidiary of BOLD, then the company decided to adopt Lot’s business, hence the subsequent name change. The price of the transaction amounted to almost 31 million shares, with some 18 million of them owned by Amhurst himself. Needless to say, Amhurst is now the CEO of the new business entity.

Since a restructuring of such magnitude tends to send positive signals to investors in general, interested parties have deemed it necessary to unleash a huge promotional wave in an attempt to rake in some good profits. The first batch of promotional emails started bombing our database on Sunday afternoon. As it is, Capital Financial Media (CFM) paid Global Marketing Media LLC a total of $60,000 to give LOTE the boost they expected. Using its vast network of promoters including 1-2-3 Stock Alerts, Penny Stock Circle, Penny Stock Players and The Stock Scout, Global Marketing Media followed suit. To no avail, though. At the end of the day, the most this promotion could do was to create a maximal profit opportunity of … 4,39%. Today, CFM have made a second, much more modest attempt by paying BuyPennyStocks and SuperStockPlay $5,000 to carry out the same exercise. The results have so far remained neutral at best.

In short, the pump job has underperformed and there are logical resons for that. Even though LOTE is starting anew, its cashless past does nothing to inspire confidence among investors about its future. We checked out the company’s headquarters and, though we were delighted with the neat and tidy two-storey house we came across (see accompanying picture), we were amazed to learn that there was much more about this house than meets the eye. As it is, that same address (112 North Curry Street Carson City, NV 89703) hosts as many as eight other penny stock companies, namely:

• One Clean Planet, Inc. (f/k/a Singular Cheft Inc.) (PINK:SGUFD)
• Homie Recipes Inc (OTC:HOMR)
• Vacation Home Swap, Inc. (PINK:VCHS)
• Kunekt Corp (PINK:KNKT)
• Eco Energy Pumps, Inc. (PINK:EEPU)
• Gilla Inc (PINK:GLLA)
• Numbeer, Inc. (PINK:NUMB)
• Victory Energy Corp. (VYEY)

Altogether, there are at least nine companies occupying the same address. Luckily, all of them have one or two employees, which makes the house big enough to accomodate all of them.

We have yet to see how LOTE‘s new business will fit into the picture. In the meantime, we would rather stay away from that pumped stock as we fear that LOTE shares could flop considerably once the hype is over. Why? Because we have already seen this movie. If you want to catch up, just check out Penny Stock Circle’s historical promotional record. You will be shocked to learn that promoted stocks eventually end up losing a huge chunk of their market value.