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For the past three sessions the stock of EMS Find Inc (OTCMKTS:EMSF<\/a>) has been crashing down the chart and it seems that the negative momentum is only getting stronger. Yesterday the ticker slashed close to 19% of its value and closed at $1.53.<\/p>\n On June 10 the company registered its highest close at $2.34 per share. Just four sessions earlier the stock opened at a little over $1.3. The performance was nothing short of impressive but we warned you to be extremely cautious when approaching the company – the main reason behind the stock’s ascent was a paid pump.<\/p>\n The campaign included the creation of a landing page but more importantly investors began receiving hard mailer brochures. The hard mailers were created by the Moskowitz Report and according to their disclaimer the sum of $1.2 million has been provided by Tabius Sway Media Inc as a budget for the pump. The Moskowitz Report is one of the more influential pennystock pumper outfits but should you believe their target of $12 set for EMSF<\/a><\/strong>?<\/p>\n Let’s take a look at some of their previous picks. They gave Virtus Oil and Gas Corp (OTCBB:VOIL) an initial target of $7 while at the moment the stock is trading at $0.386, over 80% below the pump high of $2.2. Falconridge Oil Technologies (OTCMKTS:FROT) didn’t fare any different. The Moskowitz pump pushed the stock over $1.2 but that was nowhere near their price target of $5. At the moment FROT are sitting at $0.0181. Is there a reason to think that EMSF<\/a> <\/strong>will have a different fate?<\/p>\n Well, EMS Find<\/strong> displays some of the typical characteristics of a pumped stock. The company was formed through a merger just a couple of months ago. The financials for the private company EMS Factory Inc are not yet disclosed but we can see what the other company in the merger – Lightcollar, Inc., had to offer. Their financial report for the quarter ending December 31 was truly atrocious:<\/p>\n • ZERO assets And exactly like nearly all of the stocks that get pumped millions of free trading underpriced shares could be dumped on the open market. In the case of EMSF<\/a> <\/strong>there are 18.5 million shares that have a split-adjusted price of $0.002<\/strong>.<\/p>\n
• $90 thousand liabilities
• ZERO revenues
• $11 thousand net loss<\/p>\n