{"id":2541,"date":"2013-09-17T09:12:26","date_gmt":"2013-09-17T09:12:26","guid":{"rendered":"\/?p=2541"},"modified":"2013-09-17T09:12:31","modified_gmt":"2013-09-17T09:12:31","slug":"pacwest-equities-inc-otcmktspwei-posing-danger-to-newbie-investors","status":"publish","type":"post","link":"\/articles\/pacwest-equities-inc-otcmktspwei-posing-danger-to-newbie-investors\/","title":{"rendered":"PacWest Equities, Inc. (OTCMKTS:PWEI) Posing Danger to Newbie Investors"},"content":{"rendered":"

\"7PWEI_chart.png\"Nearly a year after it was first pumped by Victory Mark, PacWest Equities, Inc. (OTCMKTS:PWEI<\/a>) is used by pumpers again. Novice investors should be careful. <\/p>\n

As with most Awesome Penny Stocks (APS) pump jobs, in the second day of pumping the volume was a fraction of what it was in the first day, and the price movement wasn’t too big. PWEI<\/a> closed up 2.35% at $0.087 per share on 67.8 million shares. While the activity was relatively lower, it was enough to land PWEI<\/a> among the most active stocks on the OTC.<\/p>\n

\"10XUII.png\"We are not certain whether OTC Markets Group is keeping an eye on past pump schemes or on APS and Victory Mark, but PWEI<\/a> got the “caveat emptor” label on Thursday. In the past it took weeks if not months to take this action with pump jobs like Xumanii International Holdings Corp (OTCMKTS:XUII<\/a>).<\/p>\n

PWEI<\/a> easily fits the first criteria for getting the caveat emptor designation. It is being promoted to the public, but adequate current information about the company hasn’t been made available. PWEI<\/a> isn’t reporting to the SEC and there are no filings about the supposed financing and partnership.<\/p>\n

In one of their most recent emails, the pumpers at APS are suggesting PWEI<\/a> can go to $0.50 or even above $1.20. Traders should do their due diligence and it won’t be too hard to see that those claims have no basis in reality.<\/p>\n

PWEI<\/a> is a no revenue company and its only significant asset is listed as intangible. At the same time, it has nearly 1.5 billion shares outstanding, which means the market value at $0.50 would be more than $700 million.<\/p>\n

It’s not only novice investors who are in danger. Even experienced pump players may not get what they expect from PWEI<\/a>. Unlike previous APS pump jobs PWEI<\/a> has already been pumped and dumped. In addition, it’s a pick coming after APS failed to pump XUII<\/a> to the promised $1 mark, and the pumpers are actually breaking their promise to retire after the XUII<\/a> failure.<\/p>\n

That doesn’t mean PWEI<\/a> won’t run like previous APS pumps, it just makes it uncertain, and increases the risk in playing the pump. If you are considering PWEI<\/a>, extreme caution is advised.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly a year after it was first pumped by Victory Mark, PacWest Equities, Inc. (OTCMKTS:PWEI) is used by pumpers again. Novice investors should be careful. As with most Awesome Penny Stocks (APS) pump jobs,...<\/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":[268,658],"class_list":["post-2541","post","type-post","status-publish","format-standard","hentry","category-news","tag-pwei","tag-xuii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2541","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=2541"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2541\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}