Tuesday, July 28, 2015 12:47:41 AM
This company has a long history of pumping and dumping. The owners of the company own multiple companies which they are currently taking turns on pumping and dumping.
Another stock of theirs($DEAC) is currently hitting 52 week lows on a daily basis. A stock that was at $3 a year ago is now only $0.10 today, and is losing 10-20% value on a daily basis. It was not that long ago, that they hyped up "gaming" on this stock, but of the casino nature in the Rotan islands. Which was really just a way for them to pass off some shares to friends.
It was pumped up just like people are pumping this one up. They hyped that one and claimed it would go from $1.50 to $8-$10 in the near future.
Now that it's in a free fall, they've turned their attention back to $SMAA to hype it up. They claim they've been working hard on $SMAA, but there is absolutely 0 evidence that shows it.
1. Their facebooks are completely empty and devoid of any information regarding $SMAA. Instead, it's all vacation pictures from Rotan and the promoting of Rotan.
https://www.facebook.com/smaalliance
This one they haven't updated since 2012.
https://www.facebook.com/pages/SMA-Alliance/120925791255904
2. Their website hasn't been updated still. They are working hard behind the scenes these pumpers will tell you, but haven't even bothered to update their own website to even change the news of news?
http://www.smaalliance.com/
Click on investors, even goes to just a domain landing page.
3. 2 weeks now since they've announced news of news. You tell me what is the point in announcing news of news? The price rose shortly, and then dropped back down. Just another pump for a dump.
4. It will be an absolute shock if they have anything more than games you can buy for $100 and throw a set of graphics on them so they can use them as hype. They are talking about multiple games, not a single game. A single good game will take months of dev time from multiple developers. But they are claiming to have a website and multiple games?
So they are basically indirectly claiming to have all these developers developing games and websites - Yet they haven't taken the small amount of time needed to update their financials? To update their own corporate website?
Eventually they will likely release some news, but it's going to be like everything else they put out. Nothing but hype.
So do yourself a favor if you decide to take a risk on this stock - get out quick because whatever growth you see off the hype will be short lived.
Good Luck.
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