Just because a company is real doesn't mean it can't be used as a pump and dump. This company has some things happening that are positive. But .. a group of people saw the ASU deal, decided it was worth their time, bought a bunch of shares cheap, then pumped the stock. It went to 10 cents a share off their pump, then they sold. ANd it dropped from 10 cents to 3 cents in a WEEK.
That is the CLASSIC definition of a pump and dump. No one is saying the company did it. But yes, it was pumped. Look at the one month chart. Sitting at 2 cents. Then they start their campaign. Goes to ten cents fast. Then down fast. It absolutely was used. ANd you know what? most of those posters who were screaming it is going to the moon are GONE. Not posting any more. Well, not here. They are on the next one. They get in, exaggerate some real positive piece of news (like saying Walton's $61 billion is now behind the company. When ASU is giving ZERO money towards the deal. Only helping and consulting. the COMPANY has to come up with all the money) push it with excitement (Called hype) and then sell the hype they created.
Volume for past ten days? 23 million a day. We won't get near that, and soon will be back down to where it used to be. Look at the same 30 day chart. Volume has the same inverted V shape to it.
I'm saying that this IS a real company, it DOES have potential, and the future may or may not make gains. But the move from 2 cents to 10 cents back to 3 cents all in 2 weeks?? That's a pump and dump. And now that they are gone, the company can get back to normal business, at their normal price (or a little higher, because some new shareholders are here based on the posts of the past week, and they are not selling) and the names you saw posting 4 days ago? They finished another one already yesterday and are working the third one. Just reality. NOT a dig on the company. they had no part in the pump. But yes, this was used as a pump and dump.
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