Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) in for a Dreadful Session?
Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) is the ongoing pump job of Awesome Penny Stocks (APS) and Victory Mark (VM). Last week it crashed then it recovered, but today it could head back down.
On Friday XUII closed up 2.69% at $0.267 per share. The volume reached more than 12.5 million shares. That’s still more than 30% down from the peak around $0.40.
The reason today XUII shareholders may get hurt again is the 10-Q report filed by the company on Friday. It confirms that XUII hasn’t generated any revenues so far. The report also gives an actual number – over 11 thousand registered members. The balance sheets don’t look too impressive either:
- $5,965 in cash
- $18,241 total current assets
- $72,145 total assets
- $1,267,923 total liabilities
Other than the aforementioned report, XUII has been silent since Thursday, when the company said it had completed the development of a promoter application for Facebook. Curiously enough there has been no mention of that app on the Facebook page of Xumanii, except one from a visitor.
APS also sent an email on Sunday touting XUII and again claiming it would go above a dollar per share. The pumpers use the 600% increase around the Akon event as an argument for the above. Now that XUII has finally provided some number those 600% could mean about 70 thousand sign-ins. Hardly an impressive number for an Internet business.
The previous Internet related pick of APS was TagLikeMe Corp. (OTCMKTS:TAGG) which reached a peak of about $0.40 in late October 2012. Now it’s trading below a penny per share. The other big pump which ran concurrent with XUII is iTalk, Inc (OTCBB:TALK). It has also closed in the green in the last couple of sessions, but it’s still about 60% down from its high from mid-May.