{"id":7059,"date":"2015-10-06T09:14:09","date_gmt":"2015-10-06T09:14:09","guid":{"rendered":"\/?p=7059"},"modified":"2015-10-06T09:14:50","modified_gmt":"2015-10-06T09:14:50","slug":"entertainment-arts-otcmktseari-attacked-by-wolves","status":"publish","type":"post","link":"\/articles\/entertainment-arts-otcmktseari-attacked-by-wolves\/","title":{"rendered":"Entertainment Arts (OTCMKTS:EARI) Attacked by Wolves"},"content":{"rendered":"\n

Richard Ellis is supposedly the name of a person who likes to call himself “The Wolf of Penny Stocks<\/em>”. After receiving a hefty $50 thousand, he sent out some email alerts on Friday and he introduced his subscribers and followers to Entertainment Arts (OTCMKTS:EARI<\/a>). He talked about the company’s business plan, he said a few words about the chart, and he suggested that smart investors should seriously consider taking a punt. <\/p>\n

Those who listened probably aren’t ecstatic about the way things turned out. The paid promotion did indeed bring in quite a lot of volume. In fact, more than $500 thousand worth of stock got traded in a matter of just six and a half hours which is an absolute record for EARI<\/a><\/strong>. Unfortunately, the hectic trading failed to boost the share price.<\/p>\n

The ticker opened the day with a small gap up and during the first few minutes, it even tried to make a break for the $0.06 per share mark. Sadly, it failed to do it and it slipped down. Eventually, EARI<\/a><\/strong> closed the week 19% in the red with a price of just under $0.04. Why did that happen?<\/p>\n

Mr. Ellis spent quite a lot of time talking about EARI<\/a><\/strong>‘s virtues, but he somehow failed to mention a few things. He said nothing about the company headquarters, for example, which is located in a house on what appears to be a quiet cul-de-sac in Georgia.<\/p>\n

Mr. Wolf of Penny Stocks also said nothing about the latest financial statement. It looks like this:<\/p>\n