SANWIRE CORPORATION (OTCMKTS:NTMG) f.k.a. NT Mining Corp. Getting Pumped

We know Sanwire Corporation (OTCMKTS:NTMG) f.k.a. NT Mining Corp. for quite a lot of time now, but there was no real action which would spark investor interest until recently.

This, however, is changing as we see increasing amounts of traded shares in the last few weeks. With an average volume of traded shares of 10 thousand the recent movements are showing a renewed interest in the company.

We suspect that the promotional effort that started yesterday may aid the insiders to further enrich themselves by selling on higher prices and higher volumes. Just to let people that haven’t yet experienced interest in investing in NTMG stock know, the company’s stock traded in a volume of 64 thousand shares on May 4, a volume that NTMG‘s stock hasn’t seen for about 3 years.

The pump effort that just started seems to be planned from some time as we see the company started making optimistic press releases in the end of May preparing for the promotional campaign. In one of their recent press releases they are bragging for acquiring Aero Networdks, LLC giving themselves a new image.

The new image of NTMG, however, is connected to the previous sector they were allegedly working in, which as suggested by their previous name was mining. This time the company has a new face as a provider of wireless communication services and data solutions. This is the exact reason for the acquisition of Auero Networks, LLC who are a telecommunication services provider aiming at rural communities and Native American tribes. Let’s take a look at NTMG‘s financial state as of March 31, 2013 to have a better overview on how this acquisition took place.

cash: $0
liabilities: $11 million
revenue since inception: $0
net loss: $45 thousand

Well, with this financial state it’s clear that the acquisition took place with a payment in the form of shares, which is what all companies with similar financials do in these cases. Whats more disturbing, however, is the fact that the company’s revenue since it was established in 1997 is $0. Furthermore, this is not the first time NTMG change their name. In the 16 years that the company has been operating this is their 8th time and it all starts to raise even more suspicions of whether they even want to start doing business.

With all that in mind be sure to do your due diligence and make a good strategy of how you are going to invest if you intend to do so.