The Pump of DMH International, Inc. (OTCBB:DMHI) Shows Impressive Results
The last time we wrote about DMH International, Inc. (OTCBB:DMHI) was back in the beginning of March, when the ticker was vigorously touted. Despite the promotional campaign and the optimistic press releases, however, the stock crashed hard and the trading was quiet until the beginning of this week.
The stock of DMHI hasn’t registered dollar volumes of above $15 thousand in more than 4 months of trading. A promotional campaign led by Penny Stock Newsletters, Damn Good Penny Stocks and Penny Picks, who we believe to be linked due to the fact that their past promotions happen at the same time, tout the same ticker and receive the same compensation was initiated on Sunday.
The latest promotional campaign for DMHI comes with no aid from the company itself and the promoters disclosed a compensation of $25 thousand for their efforts. The pump was a success and the past 2 trade sessions were a dumping fiasco in which DMHI‘s price jumped a whopping 212%.
A total of 9.4 million shares switched hands in yesterday’s session, as DMHI gained another 58% in value and closed the day with a price of $0.0428 per share. This movement helped generate $398 thousand in dollar volume and we reckon that some of the insiders were happy with their profits.
Considering the fact that Petron Energy II, Inc. (OTCMKTS:PEII) were one of the previous tickers that the trio touted we can’t say that we see a bright future for DMHI after the promotion ends. New Western Energy Corp. (OTCMKTS:NWTR) were also touted by these outlets in the end of last month and after the initial interest it all quieted down and the stock’s price began to slide in a downward direction.
This is the exact reason for which we would advise you to do your due diligence and be prepared to take a great risk, especially when dealing with promoted stocks.