{"id":1069,"date":"2013-03-27T15:15:22","date_gmt":"2013-03-27T15:15:22","guid":{"rendered":"\/?p=1069"},"modified":"2013-03-27T15:16:10","modified_gmt":"2013-03-27T15:16:10","slug":"the-rise-and-fall-of-pacwest-equities-inc-pinkpwei","status":"publish","type":"post","link":"\/articles\/the-rise-and-fall-of-pacwest-equities-inc-pinkpwei\/","title":{"rendered":"The Rise and Fall of PacWest Equities, Inc. (PINK:PWEI)"},"content":{"rendered":"

\"3PWEI_chart.png\"After surging 22% on Monday on no detectable ongoing pump campaign and a single but inspired press release, yesterday PacWest Equities, Inc. (PINK:PWEI<\/a>) was steamrolled into a 24% crash that drove the price below its Friday levels. <\/p>\n

The sudden surge in price was likely triggered by the release of news that PWEI<\/a> has successfully acquired solar technology assets from DayStar Technologies, Inc. – a company still listed on the NASDAQ. This deal was the stuff of promotions for PWEI<\/a> as early as mid-February, when a large number of promoters who received relatively small compensations touted the company.<\/p>\n

The press release quotes unknown analysts who valued the deal at $55 million. How PWEI<\/a> intends to pay for it, though, is not explained. Considering the numbers in PWEI<\/a>‘s most current financial report, a yearly dated December 2012, traders will probably be able to figure out for themselves how the alleged deal is going to be financed:<\/p>\n