{"id":1099,"date":"2013-04-01T13:16:01","date_gmt":"2013-04-01T13:16:01","guid":{"rendered":"\/?p=1099"},"modified":"2013-04-01T13:16:10","modified_gmt":"2013-04-01T13:16:10","slug":"nested-pumps-for-webxu-inc-otcwbxu","status":"publish","type":"post","link":"\/articles\/nested-pumps-for-webxu-inc-otcwbxu\/","title":{"rendered":"Nested Pumps for WebXU, Inc. (OTC:WBXU)"},"content":{"rendered":"

\"WBXU_chart.png\"Over the weekend promoters bunched together to tout WebXU, Inc. (OTC:WBXU<\/a>). A major part of the tout is the announcement that a “Wall Street firm” has set a price target of $2.50 for WBXU<\/a> stock. Sadly, this is not exactly the case. <\/p>\n

With a dozen emails sent on Saturday sent by almost as many different pumpers, at first glance WBXU<\/a> may look like a very exciting investment in a hot sector. While promoters disclose humble compensations of $2.5 thousand, the real pump is part of the emails’ touts – a so-called ‘research report’ published by NBT Equities Research. The report in question covers WBXU<\/a> and sets a price target of $2.50 per share for the company.<\/p>\n

Sadly, the ‘report’ is in reality another paid promotion, whose disclaimer reads that NBT Equities Research has been paid $50 thousand to advertise WBXU<\/a>. Furthermore, the sum is paid by a third party who holds shares in WBXU<\/a>. The fact that the third party allegedly does not intend to sell shares over the unknown duration of the advertising campaign is little consolation for investors. Obviously, the ‘report’ can set any price target for the stock as it’s a paid advertisement and not an objective examination of the business. The very disclaimer states that “you should not rely on the information presented”.<\/p>\n

WBXU<\/a>‘s financial state is little short of terrible. The most current financial report of the company is a 10-Q for the period ended September 2012 and it contains the following numbers:<\/p>\n