{"id":5906,"date":"2015-06-09T14:15:04","date_gmt":"2015-06-09T14:15:04","guid":{"rendered":"\/?p=5906"},"modified":"2015-06-09T14:39:36","modified_gmt":"2015-06-09T14:39:36","slug":"ambient-water-corp-otcmktsawgi-sinks-again","status":"publish","type":"post","link":"\/articles\/ambient-water-corp-otcmktsawgi-sinks-again\/","title":{"rendered":"Ambient Water Corp. (OTCMKTS:AWGI) Sinks Again"},"content":{"rendered":"\n

After a press release and a lonely pump email, Ambient Water Corp. (OTCMKTS:AWGI<\/a>) jumped 80% on Thursday. This freak session was followed by an immediate drop that wiped half of the gains made over the previous day. AWGI<\/a> ended up at $0.034 per share on Friday, after trading its largest daily volume ever, at 4.3 million shares changing hands.<\/p>\n

In a June 4 PR the company announced a multi-million dollar agreement. According to the deal AWGI<\/a> gave a certain Pacific AirWell, Inc. exclusive rights to market and sell AWGI<\/a>‘s atmospheric water generation systems on the territory of the state of California. The deal includes Pacific AirWell purchasing $1 million worth of AWGI<\/a> technology for resale in CA over the first year of the agreement’s term and AWGI<\/a> will receive a further 20% royalty from each unit sold.<\/p>\n

It’s worth mentioning that Pacific AirWell, Inc. is untraceable through a Google search and its name only shows up in the various places that covered the deal with AWGI<\/a>. There actually is a website hosted at pacificairwell dot com, even if it’s just more of a placeholder with barely any information on the company, except a couple of paragraphs on atmospheric water extraction. The domain was registered just two and a half months ago, with Mr. Andrew Grundman of Grundman law dot com listed as the registrant.<\/p>\n

Here is what AWGI<\/a> had to show for itself as of its last quarterly report for the three months ended March 2015:<\/p>\n