{"id":1270,"date":"2013-04-19T15:10:56","date_gmt":"2013-04-19T15:10:56","guid":{"rendered":"\/?p=1270"},"modified":"2013-04-19T15:11:23","modified_gmt":"2013-04-19T15:11:23","slug":"great-china-mania-holdings-inc-otcgmec-fails-to-impress-investors-despite-promotion","status":"publish","type":"post","link":"\/articles\/great-china-mania-holdings-inc-otcgmec-fails-to-impress-investors-despite-promotion\/","title":{"rendered":"Great China Mania Holdings, Inc. (OTC:GMEC) Fails to Impress Investors Despite Promotion"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GMECchart.png\" border=\"0\" alt=\"GMECchart.png\" title=\"GMECchart.png\" width=\"450\" height=\"201\" \/>This week Great China Mania Holdings, Inc (OTC:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a>) did everything in their power to increase investor&#8217;s confidence in their stock and to add some cents to their price. Ultimately, the market remained indifferent. Monday and Tuesday saw them drop by 9% and 2%, respectively, followed by a 7% and 6% gain in subsequent sessions. Yesterday they closed at $0.036. <\/p>\n<div>The slew of press releases coming out of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a> went unnoticed by traders. Neither the excellent news that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a> will receive government funding from the Hong Kong Film Development Council, nor the many events of their top artist Chrissie Chau improved the movement of the ticker.&nbsp;<\/div>\n<div>PR articles weren&#8217;t the only tool used to boost <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a>. A pump campaign was started as early as April 15. Yesterday, MJ CAPITAL, through its affiliates &#8211; PennyStockLocks, StockLockAndLoad, StockRockAndRoll, also joined in the promotion, for a $15 000 compensation of course. The problem is that this is the third pump campaign for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a> since the start of the year and people are getting used to the bombastic statements and promises of massive profits.<\/div>\n<div>In their latest annual report &nbsp;<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a>&nbsp;disclosed the following results:<\/div>\n<div>\n<ul>\n<li>$218 thousand cash<\/li>\n<li>$888 thousand total assets<\/li>\n<li>$1.3 million total current liabilities<\/li>\n<li>$4.8 million revenues<\/li>\n<li>$535 thousand net loss<\/li>\n<\/ul><\/div>\n<div>It seems they almost broke even during the past year. The current revenues are earned mostly through their artist management subsidiary while their other business activities have declined since 2011.<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/GMEClogo.jpg\" border=\"0\" alt=\"GMEClogo.jpg\" title=\"GMEClogo.jpg\" width=\"100\" height=\"26\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GMEC\">GMEC<\/a> should concentrate on their more lucrative endeavors and cut a little on their expenses, in order to have a positive bottom line. Their success in the near future will be heavily dependent on the performance of their debut movie &#8220;Kick Ass Girls&#8221;.&nbsp;<\/div>\n<div>For now, having in mind their past history with paid promotions, it is essential to do your own due diligence before making a decision that will put your money on the line.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week Great China Mania Holdings, Inc (OTC:GMEC) did everything in their power to increase investor&#8217;s confidence in their stock and to add some cents to their price. Ultimately, the market remained indifferent. Monday&#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":[34],"class_list":["post-1270","post","type-post","status-publish","format-standard","hentry","category-news","tag-gmec"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1270","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=1270"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1270\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}