OriginOil, Inc. (OTCMKTS:OOIL) Gets a Big Pump
OriginOil, Inc. (OTCMKTS:OOIL) is one of the companies on the OTC with a long history of paid pumping. Today there are at least two pump campaigns which could affect trading.
Emails for both campaigns started coming in yesterday after the market close. One is carried out by The Penny Stock Newsletter, Damn Good Penny Picks, and Penny Picks. The disclosed compensation is $25 thousand.
The other campaign was paid for by Diamond Class Consulting LLC and employs: Your Stock Alert, Stock Edge, and Premier Equity Reports.
The second outfit was paid $100 thousand to pump Ehouse Global, Inc. (OTCBB:EHOS) on Oct. 14. The stock crashed more than 50% the very next day, and still hasn’t recovered. On the same day the other outfit was pumping Propell Technologies Group, Inc. (OTCBB:PROP) – much to a similar result. PROP is currently being pumped by Tobin Smith.
OOIL is down more than 50% year to date, and hasn’t been able to turn profitable. On the bright side, the latest financial report of the company showed at the time it had more than $1 million in cash.
Past performance of the pumpers doesn’t mean OOIL will crash, but it does make it a likely scenario, and due diligence is a must.