{"id":5957,"date":"2015-06-16T14:13:22","date_gmt":"2015-06-16T14:13:22","guid":{"rendered":"\/?p=5957"},"modified":"2015-06-16T14:39:31","modified_gmt":"2015-06-16T14:39:31","slug":"dibz-international-inc-otcmktsdibz-flattened-painfully","status":"publish","type":"post","link":"\/articles\/dibz-international-inc-otcmktsdibz-flattened-painfully\/","title":{"rendered":"Dibz International Inc (OTCMKTS:DIBZ) Flattened Painfully"},"content":{"rendered":"\n

What is yet another pink sheet marijuana up-and-comer, headquartered in a house by a dirt road in Alabama, which has five hundred dollars to its name and crashed 80% in Friday’s session? The answer to that would be Dibz International Inc (OTCMKTS:DIBZ<\/a>).<\/p>\n

DIBZ<\/a> is not a particularly liquid stock. As a matter of fact, over the past month it registered a total of six sessions with any share volume at all. The last four times DIBZ<\/a> traded in any volume, it dropped in double digits. Friday was one of those four sessions and that smacked the price 80% down the charts on heavy volume.<\/p>\n

The reason for the unusually high trading volume was a volley of stray pump emails. Third party Micro Advantage LLC paid a number of promoters $25 thousand to advertise DIBZ<\/a> and explain investors how much excitement was building around the ticker. If any of those who received the pump emails bothered to take a quick look at the stock’s chart, volume and movement, they would have figured out if there’s anything surrounding DIBZ<\/a> it’s the sound of crickets chirping and not excitement.<\/p>\n

Obviously, the pumps created sufficient interest for the 2.6 million shares to get dumped in the hands of hopeful investors, while DIBZ<\/a> crashed horribly right out of the gate.<\/p>\n

The company’s latest report was uploaded on May 22 still lists a small residential house near a dirt road in Alabama as its corporate headquarters. The same report reveals that DIBZ<\/a> had all of $528 in the bank, comprising total current assets. With $2 thousand in revenue and a net loss of $56 thousand for the quarter, things don’t exactly look stellar.<\/p>\n

DIBZ<\/a>‘s website is largely a placeholder with links to a number of marijuana-related domains that contain just a background image and a logo.<\/p>\n

Hopefully, next time an unsubstantiated, paid advertisement for a random illiquid pink sheet stock lands in people’s inboxes, they would take the time to do at least a tiny bit of research before jumping in headfirst.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is yet another pink sheet marijuana up-and-comer, headquartered in a house by a dirt road in Alabama, which has five hundred dollars to its name and crashed 80% in Friday’s session? The answer...<\/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":[1700],"class_list":["post-5957","post","type-post","status-publish","format-standard","hentry","category-news","tag-dibz"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5957","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=5957"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5957\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}