Looks like they are using a similar buy programs. These pumps used to peak around 120million market cap, but it looks like the pumpers are getting more sophisticated. AMPW hit 200mill and so did HHWW. Not really a bold prediction but I wouldn't be surprised to see one or two more up days with 9 mill+ volume before the 50%+ two day drop. This is especially possible because insiders control at least half or more of the outstanding shares. I would guess that would make it easier to manipulate shares upward. Then again it could gap up slightly and dump Monday morning so who knows.
I can't believe anyone actually believes there is real technology here, but for the naive I'll post why that isn't the case. The CEO has been involved in multiple defunct pink sheet companies. XTEN and Kunekt's credit card processing business that never produced $1 in revenue in 3 years.
Taken straight from their 10-k
"As of January 21, 2011, we have not entered into any formal agreement with these manufactures and we have no guarantee that any manufacture will develop our products. Our plan is to sign a distribution agreement before engaging a manufacture to produce our products. Upon the signing of a distribution agreement, our management anticipates that we should be able to engage one of the manufactures in China with whom we have been negotiating to produce our products." That would seem to seem to contradict IR specialist Andrew Barwicki's email that is stickied. If you google his name. He has worked with some real gems of companies.
Also "As we have been issued an opinion by our auditors that substantial doubt exists as to whether we can continue as a going concern, it may be more difficult for us to attract investors.
If we do not obtain adequate financing, our business will fail, which will result in the complete loss of your investment."
"We anticipate our ongoing expenses over the next one year to be $1,200,000 for the one year period. We require additional financing in order to maintain our corporate existence and status as a reporting issuer and implement our business plans and strategy. We intend to raise additional capital through future debt or equity financing."
What do you think is more likely: This company has a great up and coming concept and is hugely undervalued at $140 million or that this company, that has spent well into 7 figures with advertisements like this http://www.thestockadvisor.com/featured/021111KNKT.html, has zero revenue, and who has 1 employee that has been involved in other failed deals and lives in Vancouver (p&d capital of the world) no less, is just another penny stock that isn't even worth the virtual paper that it isn't printed on.
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