{"id":1162,"date":"2013-04-08T12:13:29","date_gmt":"2013-04-08T12:13:29","guid":{"rendered":"\/?p=1162"},"modified":"2013-04-08T12:13:55","modified_gmt":"2013-04-08T12:13:55","slug":"promoters-bury-iceweb-inc-otciweb","status":"publish","type":"post","link":"\/articles\/promoters-bury-iceweb-inc-otciweb\/","title":{"rendered":"Promoters Bury IceWeb, Inc. (OTC:IWEB)"},"content":{"rendered":"

\"5IWEB_chart.png\"On Thursday IceWeb, Inc. (OTC:IWEB<\/a>) opened with a gap up and had a relatively strong day, closing 27% up, aided by promotional pumps for the stock sent by Darth Trader, a.k.a. the Stock Psycho. Sadly, on Friday the price took a face-plant, nearly wiping out all gains made over the previous session. <\/p>\n

The reason for the abrupt withdrawal may have been the fact that after the Stock Psycho said IWEB<\/a> was his ‘ultimate growth’ pick on Thursday morning, disclosing a compensation of $165 thousand, the next email he sent to his subscribers only 24 hours later basically said “It’s been a good run, boys and girls, but a new pick is coming, no more touts for this one”. This was more or less a clear signal for those who love to play the pumps even though they understand the artificial inflation of price they create.<\/p>\n

Yesterday’s volume action was less intense than Thursday’s but it was still well above the average, with people scuttling out of IWEB<\/a>‘s ship and pushing the price down immediately after the open.<\/p>\n

Leaving the pumping activity around the company aside and looking at their financial situation, things are not looking a lot prettier. The last available report of IWEB<\/a> is for their first fiscal quarter ended December 2012 and it contains the following:<\/p>\n