{"id":5188,"date":"2014-11-15T15:13:13","date_gmt":"2014-11-15T15:13:13","guid":{"rendered":"\/?p=5188"},"modified":"2014-11-15T15:13:50","modified_gmt":"2014-11-15T15:13:50","slug":"new-pump-for-innovative-product-opportunities-inc-otcmktsipru-crashes-hard","status":"publish","type":"post","link":"\/articles\/new-pump-for-innovative-product-opportunities-inc-otcmktsipru-crashes-hard\/","title":{"rendered":"New Pump for Innovative Product Opportunities, Inc. (OTCMKTS:IPRU) Crashes Hard"},"content":{"rendered":"\n

If at first you don’t succeed, try, try again! Or at least that’s what the pumpers touting Innovative Product Opportunities, Inc. (OTCMKTS:IPRU<\/a>) thought when they sent their latest volley of tout emails. Sadly, the pump caved in on itself before it had a chance to run this time around.<\/p>\n

Yesterday seven new emails came at the opening bell, advertising IPRU<\/a> stock. The pumpers who sent the touts included hilarious outfits such as FatCat and Impressive Penny Stocks. Compensation for the pump ranged from $3 thousand to $23 thousand handed out by third party Bromur Industries LLC.<\/p>\n

The pumpers promised the usual ‘green pastures’ drivel and spoke of huge returns. Sadly, after a 15-minute pop after the open, IPRU<\/a> proceeded to crash horribly and ended the session 48% down. The whole situation is rather embarrassing, starting with the pump emails that stated the company’s market cap “could be” extremely small, quoting the market cap listed on OTCMarkets. That, however, was based on the 2.7 million post-split shares the company had as of June 16, after it executed a reverse 1 for 1000 split, reducing its outstanding shares 1000 times.<\/p>\n

Ever since then, IPRU<\/a> has gone to dilute its post-split share structure to kingdom come, with 245,803,000 common shares issued and outstanding as of August 14. The company’s reverse split became effective on June 16. Starting the next day, IPRU<\/a> has been dishing out large amounts of shares at the speed of light. On June 17 alone IPRU<\/a> issued 123 million new shares, including 15 million shares issued to CEO Nadav Elituv as stock compensation.<\/p>\n

Several days later a total of 27.5 million shares were issued to The Cellular Connection Ltd., with a fixed conversion price of $0.0002 per share, or 500 times below the market price at the time of conversion. IPRU<\/a> had $343 in the bank last time it reported financials. The company dropped a PR yesterday, conveniently timed to coincide with the pump but it did nothing to stem the terrible dumping.<\/p>\n

Additionally, IPRU<\/a> was pumped back in late September, with the outcome of the pump clearly visible on the chart to the right. While the previous round ran for a while, yesterday was a disaster right out of the gate.<\/p>\n

As usual, this serves to remind investors that doing one’s own due diligence before investing in any stock is essential.<\/p>\n","protected":false},"excerpt":{"rendered":"

If at first you don’t succeed, try, try again! Or at least that’s what the pumpers touting Innovative Product Opportunities, Inc. (OTCMKTS:IPRU) thought when they sent their latest volley of tout emails. Sadly, the...<\/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":[1543],"class_list":["post-5188","post","type-post","status-publish","format-standard","hentry","category-news","tag-ipru"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5188","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=5188"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5188\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}