Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Fails to Break Previous High

Seven sessions after pumpers Awesome Penny Stocks (APS) promised they would retire if Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) doesn’t go above $1, the stock failed to break through its previous high of $0.4385.

XUII opened with a gap up once again and reached $0.428 in early trading, but it didn’t hold. Ultimately it closed down 2.24% at $0.392. The volume was approximately 10.3 million shares.

After the close, Xumanii issued a press release. Apparently, the company created a subsidiary only to merge into it and change its name from Xumanii, Inc. to Xumanii International Holdings Corp. Supposedly, the company went for a name change “as it looks to penetrate international markets…”

The name is hardly the most important issue for shareholders. XUII still hasn’t reported a dime in revenue, but with the lack of significant news traders may have to make do with this. It will be interesting to see whether there will be a notable market reaction today.

Yesterday morning APS sent an email full of the usual baseless predictions. The pumpers insinuated XUII would break through $0.50. They also sent an email after the close. There was no comment on the fact that XUII didn’t get anywhere near $0.50 and actually closed down.

XUII failed to get above its previous high, but APS don’t need to worry yet, as they didn’t specify a time frame in which XUII should get to the $1 mark.

Yesterday wasn’t a particularly good day for the other pump jobs either. Arch Therapeutics Inc (OTCBB:ARTH) closed down another 2.99% and NanoTeck Entertainment, Inc. (OTCMKTS:NTEK) closed down 12.95%.