{"id":1760,"date":"2013-06-24T13:14:42","date_gmt":"2013-06-24T13:14:42","guid":{"rendered":"\/?p=1760"},"modified":"2013-06-24T13:14:48","modified_gmt":"2013-06-24T13:14:48","slug":"biozoom-inc-otcbbbizm-halts-its-drop","status":"publish","type":"post","link":"\/articles\/biozoom-inc-otcbbbizm-halts-its-drop\/","title":{"rendered":"Biozoom, Inc. (OTCBB:BIZM) Halts Its Drop"},"content":{"rendered":"

\"9BIZMchart.png\"Since Wednesday the stock of Biozoom, Inc (OTCBB:BIZM<\/a>) has been crashing hard, losing more than a dollar in just 2 sessions. On Friday the stock opened higher then its previous close but quickly began plummeting once again. Still after the initial drop it managed to stabilize and despite fluctuating quite a bit at closing time it was sitting at $3.18. <\/p>\n

This means that the promotion for BIZM<\/a> might continue further on. As we informed you  the company is displaying some of the more obvious signs of a pump scheme. OTCmarkets were even forced to brand them with the skull and crossbones mark. The company touting BIZM<\/a> for apparently no compensation at all – Global Investor Research LLP, are further expanding their ad campaign by supposedly taking a full page in The New York Times’ business section.<\/p>\n

And less than an hour ago BIZM<\/a> themselves released the big news that their “portable, handheld device for real-time biofeedback” has entered commercial production with the first shipment expected to be delivered in September. This information is quite significant but its impact might have been bigger if BIZM<\/a> didn’t fill the rest of the press release with the same bombastic but incredibly vague statements about major multinational cosmetics companies and consumer goods producers.<\/p>\n

Investors might once again return to the stock in light of this revelation but they shouldn’t forget that the majority of red flags around the company are still their. Just 6 months ago BIZM<\/a> were a shell with no underlying business, no assets and no revenues so the current market capitalization of $189 million has nothing supporting it.<\/p>\n

\"2PSONchart.png\"Friday’s session brought some hope to the devastated traders who were lured by Prince Mexico S.A, Inc. (OTCMKTS:LUVE<\/a>). The company had lost more than 75% of its value in just two days despite the well-funded $350 thousand pump but managed to claw its way back to $0.15. Petrosonic Energy, Inc. (OTCMKTS:PSON<\/a>) also managed to reverse their trend and finished the week with a 15% gain despite the massive scandal going on around them.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since Wednesday the stock of Biozoom, Inc (OTCBB:BIZM) has been crashing hard, losing more than a dollar in just 2 sessions. On Friday the stock opened higher then its previous close but quickly began...<\/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":[755,556,609],"class_list":["post-1760","post","type-post","status-publish","format-standard","hentry","category-news","tag-bizm","tag-luve","tag-pson"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1760","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=1760"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1760\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}