The Fall Of Biozoom, Inc. (OTCBB:BIZM) Stopped By A Press Release
After the sudden drop from last week the stock of Biozoom, Inc. (OTCBB:BIZM) has found support at the $3 mark and is starting to slowly recover its lost positions. Yesterday the ticker slowly gathered momentum throughout the day and at closing time was sitting 8% above the previous close. At the current level of $3.45 traded volume was relatively low amounting to 2,9 million shares. Such numbers were common at the start of the month when the pump campaign for the stock was just starting.
Apparently investors are reluctant to once again return to the stock. Even BIZM‘s major press release about their product entering commercial production had minimal effect and failed to generate a rush of eager traders. Suspicions and concerns are starting to spread out among investors and more and more people are seeing that BIZM is nothing but a pump scheme.
The company owes its current unrealistic prices per share entirely to the artificial hype created by the very charitable Global Investor Research, LLP. They, for no compensation at all, have began one of the most impressive promotional campaigns lifting the stock to its disproportionate heights. Through its sites – The Stock Report and Global Financial Insight, they have created reports praising the company and issuing a price target of $10.30 for them, hard mailers have been distributed, radio ads have been run on the Rush Limbaugh show but that is not all. Their latest effort in spreading the word about BIZM has been a full-page feature in the business section of the New York Times on Sunday. Just for reference pumps using half of these methods are usually backed by multy-million budgets.
A big warning sign for investors should also be the skull and crossbones mark that OTCMarkets gave to the stock of BIZM. Not to mention that the latest financial report they have filed is for the period ending December 31 when they were a blank check company with zero revenues, zero assets and no business operations.
The promotion for BIZM shows no signs of slowing down so the stock may try to return to the heights of $4.5 if investors aren’t deterred by the plethora of red flags around the company. But the stock has faltered once already and the next slump might be even worse.
Another pump that has no intention of stopping is the one for African Copper Corp (OTCBB:ACCS). The stock bombed by 75% the first day of touting but pumpers are still sticking to it. Petrosonic Energy Inc (OTCMKTS:PSON) made a small recovery yesterday despite their involvement in the recent Tobin Smith scandal.
