{"id":1249,"date":"2013-04-18T11:13:57","date_gmt":"2013-04-18T11:13:57","guid":{"rendered":"\/?p=1249"},"modified":"2013-04-18T11:21:05","modified_gmt":"2013-04-18T11:21:05","slug":"internet-media-services-inc-pinkitmv-surges-skyward-after-promotion","status":"publish","type":"post","link":"\/articles\/internet-media-services-inc-pinkitmv-surges-skyward-after-promotion\/","title":{"rendered":"Internet Media Services, Inc. (PINK:ITMV) \u2013 Surges Skyward After Promotion"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ITMVchart.png\" border=\"0\" alt=\"ITMVchart.png\" title=\"ITMVchart.png\" width=\"450\" height=\"260\" \/>This week has been a big hit for Internet Media Services, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ITMV\">ITMV<\/a>). They steadily climbed in traded volume and yesterday they simply exploded. Their stock spiked with more than 93% to close at $0.032 and during the session 5 million shares changed hands. <\/p>\n<p>Such a sudden development for a company that on April 5 traded the meager 154 shares seems quite out of the ordinary. In reality the reason is as mundane as it can get &#8211; a pump campaign. Penny Stock Crew and Stock Publisher, both affiliates of ODD MARKETING, took it upon themselves to praise <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ITMV\">ITMV<\/a> to high heaven. In their email alerts they even went as far as to compare them with LinkedIn due to both companies having a low float.<\/p>\n<p>Before you start charging in to invest hoping that IMTV will in some way follow the path of LinkedIn, you should take a look at their latest report. On April 15 they filed their 10-K and it had some shocking revelations about the company:<\/p>\n<ul>\n<li>$1261 cash<\/li>\n<li>$226 thousand total assets<\/li>\n<li>$818 thousand total current liabilities<\/li>\n<li>no revenue for the entire 2012<\/li>\n<li>$426 thousand net loss<\/li>\n<\/ul>\n<p>But as the saying goes, &#8220;That&#8217;s not all!&#8221;. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ITMV\">ITMV<\/a> have incurred accumulated losses totaling $1,386,981 since their inception and have a working capital deficit of $690,649 at December 31, 2012. We firmly believe these numbers are able to speak for themselves.<\/p>\n<p>A big part of the pump emails was focused on the past history of the company and more precisely on their wholly owned subsidiary LegalStore.com. Apparently, on March 13 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ITMV\">ITMV<\/a> sold this &#8220;leader in marketing legal, products, solutions and services&#8221;, at least according to the pumpers, to Western Principal Partners LLC for $210,000 including assumption of operating liabilities. This left the company with no current operations. Despite our best efforts even their website failed to load.<\/p>\n<p>The promoters want to convince you to invest in a company with no business at all. Their price is supported by nothing except the artificially created hype. The remaining question is not whether <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ITMV\">ITMV<\/a> will crash, but how bad the crash will be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week has been a big hit for Internet Media Services, Inc. (PINK:ITMV). They steadily climbed in traded volume and yesterday they simply exploded. Their stock spiked with more than 93% to close at&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[612],"class_list":["post-1249","post","type-post","status-publish","format-standard","hentry","category-news","tag-itmv"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1249"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1249\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}