Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) Takes a Dive
After four sessions in the green, yesterday Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) took a dive.
Despite the pumpers babble about a short squeeze in the works, XUII closed down 18.52% at $0.308. The volume fell a little short of 15 million shares.
Shortly after the open, XUII issued another press release. The company stated it had filed a patent application for System, Method and Device for Live Streaming Editing.
This could have been a case of people selling on news, although most of the heavy selling came a full hour after the announcement.
The outfit in question is Degroupa Tenner Morales Media Corp. It owns and operates a number of newsletters including Awesome Penny Stocks (APS), Penny Stocks Expert, and some affiliate newsletters in Europe.
The other big pumper group which is currently touting XUII is Victory Mark Ltd. (VM), which operates Penny Stock Heroes and Select Penny Stocks. At this time it seems VM is playing second violin, and most of the emails are simply reiterations of the emails of APS, save for the part with the retirement promise.
APS has been a huge name in the penny stock pumpers’ world. It will be curious to see whether they will really retire if XUII doesn’t go above $1. The latter part seems like a distinct possibility, especially after what happened yesterday, and considering the performance other recent APS picks like Goff Corp (OTCMKTS:GOFF) and Swingplane Ventures (OTCBB:SWVI).