{"id":488,"date":"2013-03-01T06:27:00","date_gmt":"2013-03-01T06:27:00","guid":{"rendered":"\/?p=488"},"modified":"2013-03-25T19:51:08","modified_gmt":"2013-03-25T19:51:08","slug":"swingplane-ventures-inc-otcswvi-reaching-the-end-of-the-line","status":"publish","type":"post","link":"\/articles\/swingplane-ventures-inc-otcswvi-reaching-the-end-of-the-line\/","title":{"rendered":"Swingplane Ventures, Inc. (OTC:SWVI) Reaching the End of the Line?"},"content":{"rendered":"

\"06SWVI_chart.png\"Swingplane Ventures, Inc. (OTC:SWVI<\/a>) outperformed all Awesome Penny Stocks (APS) pump jobs from the second half of 2012, but it seems its time has come to join its predecessors. <\/p>\n

Yesterday SWVI<\/a> closed down another 46% at $0.27 on nearly 59 million shares. Believers who bought in at the highs are already looking at 60%-70% losses.<\/p>\n

The company is keeping its course of issuing hype press releases, filled with forward-looking statements, and little verifiable data.<\/p>\n

Additionally, APS may be moving on from SWVI<\/a>. We haven’t received new emails after yesterday’s session. On the other hand, the banner on the APS website still says SWVI<\/a> is their “monster pick.”<\/p>\n

One way or the other, the SWVI<\/a> pump is headed south. With so much dumping, recovery would be hard. There is still a theoretical chance SWVI<\/a> could bounce again, but for that to happen the company will have to deliver something real.<\/p>\n

Filing the 8-K form for the acquisition of Mid Americas was a good move, but it could only remedy the situation for a short while. SWVI<\/a> still has to prove it can keep the option for the Algarrobo in force without huge dilution to existing shareholders, and actually make money from operations.<\/p>\n

\"68FARE.png\"World Moto, Inc. (OTC:FARE<\/a>) did bounce after the dumping had stopped, but that didn’t last long and it has resumed its path to oblivion – down more than 80% from the high reached at the peak of the APS pump. <\/p>\n

Just because a company issues optimistic press releases promising the brightest of futures, doesn’t mean it can, or even that it intends to get there. That’s especially important when the company in question is being pumped by paid promoters.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Swingplane Ventures, Inc. (OTC:SWVI) outperformed all Awesome Penny Stocks (APS) pump jobs from the second half of 2012, but it seems its time has come to join its predecessors. Yesterday SWVI closed down another...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,32],"class_list":["post-488","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-swvi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/488","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=488"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/488\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}