{"id":333,"date":"2013-03-15T06:55:00","date_gmt":"2013-03-15T06:55:00","guid":{"rendered":"\/?p=333"},"modified":"2013-03-25T19:35:57","modified_gmt":"2013-03-25T19:35:57","slug":"smack-sportswear-otcsmak-pumps-resurface","status":"publish","type":"post","link":"\/articles\/smack-sportswear-otcsmak-pumps-resurface\/","title":{"rendered":"Smack Sportswear (OTC:SMAK) Pumps Resurface"},"content":{"rendered":"

\"9SMAK_chart.png\"It seems when you persevere you can do almost anything. Pumpers touting Smack Sportswear (OTC:SMAK<\/a>) proved this once again, as the ongoing stock promotions for the company keep generating volume despite the poor price performance. <\/p>\n

SMAK<\/a> has been pumped to the moon and back, with the earliest rounds of promotions starting in December. The first crash was, as usual, the most spectacular, as the stock tanked over 50% in three sessions. Pumpers ran out of ideas how to tout the company in the middle of tremendous shareholder losses, so they went on vacation for a while, returning in early January. The promo generated even greater volume and crashed within a day, dragging the price down once again.<\/p>\n

Pump mails for SMAK<\/a> to date exceed 100, with almost a dozen sent out only over the last two days. The latest promotions tout a deal signed by the company with a volleyball association in Ohio. Much like all the previous announcements of numerous contracts signed with sports personalities and openings of new outlets in various locations, the news did very little to help SMAK<\/a> stock move up.<\/p>\n

Investors are still expecting the company’s due quarterly report for the quarter ended December, after SMAK<\/a> switched their fiscal year end from December to June. With no official filing traders have to go off the currently available information and that is a cashless, revenue-less SMAK<\/a> merging with Team Sports Superstore Inc., who according to the consolidated information provided in the merger 8-K had the following as of June 2012:<\/p>\n