The big winner of today’s Psycho alert on the penny stock of Family Room Entertainment Corp. (OTC: FMYR) are the savvy iHubbers who have been on it since the start of the year. Waiting patiently in the shadows of this stinky pinky, many a FMYR stock buyer from prior to Friday was already up more than 1120% at the open, 2900% for those who know to sell any pick from Psycho at the 9 minute mark. With the worst website ever seen and bags of shares ready to be distributed to those who subscribed via PPC ads around the web, the family room will have little to no entertainment tonight for anyone who bought shares after 9:32 this morning.
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FMYR Stock Chart
Market Cap: 1.37M
Last: 0.0712 ▲ 0.0212 (42.40%)
Dollar Volume: $980,601
Issued and Outstanding: 17,786,868
14-Day Rel Strength:84.03%
14-Day Stochastic: 95.97%
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The piggy back riders looking for that stat padding penny stock alert off of the “four hundred and fifty thousand dollars cash via bank wire” Psycho got for the FMYR stock awareness campaign will be crushing their subscribers today. Like with nearly every single one of their alerts, within 9 minutes of the open, the PPS comes tumbling down, most of the time to below the open price, to trade flat for the remainder of the trading session.
Although the Company did book some revenues for the three month period ended September 30, 2012 (according to the MSWord created documentation), it was less than 10%, just $3,129, that which was reported for the same period in 2011, $36,8761. All the revenes were spent on distribution fees creating a gross profit for the three month period of $0. Since the balance at September 30, 2012 of shares outstanding was just 17,786,912, it must be true since it was posted on OTCMarkets.com.
Sad but true, this MF gets paid some huge bank, $450K for FMYR, to drop bombs on his subscriber list. Family Room Entertainment Corp. stock is just another sad addition to the “why not to play Psycho alerts” saga.
Big props to those savvy iHubbers who cashed in big by front loading on this one!
About FMYR Stock
Family Room Entertainment Corp., through its wholly owned subsidiaries, is engaged in various aspects of the motion picture entertainment industry, including development, production, and production services. Click here to view the most recent financial filings for FMYR, here to view their ridiculous website.
Last 5 Trading Sessions:
Bottom Line: “Holy good gosh darn it! If only penny stock alerts were issued in advance of the opening bell I never would have bought this POS FMYR stock.” That is likely to be the phrase heard round the dinner table tonight as a prelude to the Family Room Entertainment in little town U.S.A. “If only I knew to buy FMYR last week at $0.005″ will be the nightmares they have tonight.
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