VUME | VuMee Stock Finally Trades – Buy, Sell Or Hold?

VUME may be the place where celebrities come to share, play, and post about their lives, but all penny stock traders care about is that Vumee Inc. (OTC: VUMEtrades. Today may have finally been the beginning to a long awaited coming of VUME stock as volume finally showed up and adjusted the PPS accordingly. While there have been months of PR flowing out, the closing bell PR announcing how the Company plans to increase the revenue flow from their video sharing content through, ValueClick Media, and Casale Media may finally be what we have all been waiting for — Perhaps not.

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VUME Stock ChartVUME Stock Chart

Market Cap: 10.21M
Last: 0.1701  -0.0799 (31.96%)
Volume: 933,700
Dollar Volume: $163,121
Open: 0.35
High: 0.35
Low: 0.15
Trades: 63
Authorized: 750,000,000
Issued and Outstanding: 60,001,000

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In October, 2012, VuMee announced it had agreements with BrightRoll, MonetizeIt and to provide VuMee with pre-roll and banner advertisements. Apparently, their website had already seen a significant increase in viewership and traffic which made it possible for the Company enter into these partnerships. Regardless of their intentions to use pre-roll, mid-roll, post-roll, or overlay, display and email advertising to book revenues, traders only care that VUME stock rolls and trades more than once a month.

Looking into the limited amount of data available, some things aren’t adding up. Besides the fact that no revenues were booked per the 10-K filed for the year ended August 31, 2012, PR was released as early as March about $10 Million in financing made available (see here), yet no corresponding liabilities match up to any financing liabilities at all except the $410,000 long-term portion of a not payable due to a related party, $150,000 of which is listed as current.

However, on November 26, 2012, VuMee did file an 8-K to detail the $2 Million line of credit agreement they entered into with Coventry Capital LLC. The deal allows for Coventry, at its sole discretion, to convert all or any part of the funds borrowed at 8% per annum into shares at the price VUME stock closes at on the trading day which precedes the date that Coventry notifies the Company of such conversion. Basically, if they did loan money and wanted to convert the amount due into shares, tomorrow would be the day to express that interest since the PPS has never been as low as it is now since the deal was struck.

Coventry is also listed as a lender to The Digital Development Group Corp. (DIDG). Any seasoned trader who tried to get in front of that fiasco of a promotion saw how tragic those efforts were. They are also listed as a lender to Green Innovations Ltd. (GNIN) in a small way as well as Visualant Incorporated (VSUL), Sonora Resources Corp. (SURE) and Global Stevia Corp. (GSTV), none of which would make anyone video themselves dancing to Gangnam Style and upload it for some PPC revenues although this dude is pretty slick and has over 4 million views.

About VUME Stock

VuMee Inc. operates, a fully functional celebrity video sharing platform which allows celebrities to continue doing that which they are already doing, uploading non-exclusive and exclusive content to YouTube, Facebook and Twitter. Click here to view the SEC filings for VUME.

Last 5 Trading Sessions:

Date Last Change % Change Volume
12/28/12 0.2500 -0.2500 -50.00% 15,000
11/06/12 0.5000 -0.2400 -32.43% 200
10/08/12 0.7400 +0.2400 +48.00% 400
09/28/12 0.5000 -1.0000 -66.67% 10,000
06/29/12 1.5000 unch unch 5,000


Bottom Line: Despite having had tremendous difficulty accessing, VUME stock is looking more and more like a penny stock to pass on. If they can’t, or refuse, to upgrade from the .txt version of SEC filings, VUME stock can’t get a vote of confidence from us as a play worth uploading a positive review to. Best case scenario, VuMee is the choice of Victory Mark tomorrow so traders can load the boat in hopes of a PWEI type run.

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