Xumanii International Holdings Corp. (OTCMKTS:XUII) Climbing High on PR
Xumanii International Holdings Corp. (OTCMKTS:XUII) is back in the game and is climbing the charts in a fast pace. The volume of traded stock has also increased and we see a genuine interest in their stock, but when will this all come to an end.
It seems that the live HD broadcasting business didn’t work out well for XUII and now they are allegedly going for the tablet market, doing business as iMERJN. The promises are great and the press releases as optimistic as they can get, despite the dire financial state of the company.
We can also see that the original company website is not functioning properly and is most probably left until its hosting plan expires. On the other hand we see that the iMERJN website was just recently set up, in September, and has generic photos of iPhones, with very little additinal information.
Since XUII started informing the public of their far-fetched business plan for entering the tablet market on December 3, the company stock has climbed a whopping 141% in value in big jumps and massive amounts of traded stock.
Yesterday, XUII‘s stock gained a good 24.24% and closed the session with a price of $0.041 per share, with 6.5 million traded shares and a dollar volume of $271 thousand.
Unfortunately, this is not the first time that XUII changes its business plan and misses out to tell about the problems that the company is going through. There is a lot of controversy surrounding the company and we even witnessed a some lawsuits a few months ago.
This is definately not the first time in which XUII‘s shareholders are on a winning streak, however, the denouement is always the same. Usually the stock crashes hard and leaves some investors with empty pockets and minds filled with thoughts of suing the company for manipulating the stock.
In any case, the price of XUII has already climbed higher than it has in more than a month so be sure to do your due diligence and carefully weigh out the risks if you have any thoughts of taking a bet with their stock.
Makism 3D Corp. (OTCBB:MDDD) are also on a winning streak and registered another 47% gain yesterday. Blue Earth, Inc. (OTCMKTS:BBLU) on the other hand, slid 16%, despite the optimistic press releases.