While a large number of traders are stoked to have gotten in under 0.20 on the newest penny stock pick from Victory Mark, Xumanii Inc. (OTC: XUII), they have no chance of seeing the gains of the insiders. With control sold to Craig McKenzie for a mere $7,025 by Dr. Jehovan Fairclough in 2010, XUII stock went live today allowing the 148,800,300 shares sold to 42 investors for just $33,951 ($0.000228 per share) to be redistributed. Focused on the high demand to watch live video streaming of hip-hop and other musical artists in concert, lets all go drink the Kool-Aid served from the George Town based pump and dump.
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XUII Stock Quote as of 10:58:50 AM
Last: 0.256 ▲ +0.156 (+156.00%)
Dollar Volume: $6,610,304
Issued and Outstanding: 341,300,300
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Despite having been streaming their live concert videos for over a year now, Xumanii, from inception on May 6, 2010 to January 31, 2013, has failed to generate any revenues. What they have been able to do is generate cash, almost all of which is through what they are calling unsecured notes, to help finance their activities thus far.
On January 4, 2013, Xumanii issued a 5%, unsecured convertible promissory note to Atoll Finance Ltd. in the amount of $642,242 to effectively record the funds the Company received from the group on 4 separate occasions in 2012. Now, you might not be as educated as Alexandre Frigon, President, Principal Executive Officer, Treasurer, Principal Financial Officer, Principal Accounting Officer and sole Director of Xumanii, but ask yourself this: what advantage would Atoll Finance have in funding a start up with no security attached to it?
The answer is simple: Who cares. XUII stock is on the pump, they have a decent story behind them, its May so it’s the last chance to grab hold of any chance of a decent Victory Mark promotion (not that they have done well on their recent ones) before the sun bursts out and everyone goes on vacation this summer.
About XUII Stock
Xumanii, Inc. is a development stage company planning to broadcast live events in HD from multiple cameras, wirelessly, with an extremely low production cost as a Pay-Per-View model, generating revenues from consumers directly or as a “FREE” content model, generating revenues from advertisement, product placements and sponsorship.
Click here to view the SEC filings for XUII.
Click here to view the website for Xumanii.
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Victory Mark has a real hard time getting any of their penny stocks to stay alive for more than a day since their alerts issued on PWEI last fall. Until 148 million shares of XUII stock are out there, traders can expect that, with the help of WDCO, it will stay up around the 0.25 level. Going longer than this week on XUII stock is a risky move considering previous results of the APS sister sites’ previous picks like VUME, PBCW, REDG and, most recently, HIDC.
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