Another Round Of Pumps For Soul and Vibe Interactive, Inc. (OTCBB:SOUL)
Soul and Vibe Interactive, Inc. (OTCBB:SOUL)’s stock regularly gets promoted and most of the upward movements of the ticker comes from that. SOUL has been sliding down the charts since the paid promotional campaign spike in the beginning of February and even the tout emails from the middle of March didn’t manage to boost its price this time.
As the stock continued to move down the charts it was apparent that the time a new paid promotion will be initiated will come soon. And it did. Yesterday, Stock Impossible, FFP ELITE and OTCBBJournal who are apparently a part of Small Cap Street, LLC received a $10 thousand compensation to promote SOUL‘s stock.
And it wasn’t only with pump mails. They have also made a “new analyst research report” for the company, but we wonder how unbiased anyone can be when they have been paid to cover something. After all, when cash is involved, there is surely a conflict of interests.
Furthermore, what bothers us even more is the timing of the new promotional campaign. It was initiated the day after SOUL filed its annual report for the period ended December 31, 2013, which contains some rather discouraging figures.
- cash: $114 thousand
- current assets: $121 thousand
- total assets: $293 thousand
- total current liabilities: $1.9 million
- revenue since inception: $0
- net loss: $2.2 million
It is quite troubling when you see that the liabilities of SOUL have increased by 3088% and the net loss has gone up by a whopping 13461% compared to the same period in 2012. Despite the fact that the company stock is regularly pumped, this leads us to suspect that the paid research report and all the touting was used just to distract any investors from the report.
Still, the company has just recently released its game, Timeless Gems, which might finally lead to some revenues. Also, there are more projects that are still to be released, but only time will tell if they can compete with the other players in the booming gaming industry.
Considering the paid promotions and the fact that the company stock is mainly depending on them for its movements we would advise you to do your due diligence and weigh out the risks before making an investment decision.
In the medical marijuana industry, we see that Tranzbyte Corp. (OTCMKTS:ERBB) is losing ground again, as it dropped 10% in value yesterday. Terra Tech Corp. (OTCMKTS:TRTC) also slid by 8% after a good 3 day run.
