{"id":764,"date":"2013-01-28T08:54:00","date_gmt":"2013-01-28T08:54:00","guid":{"rendered":"\/?p=764"},"modified":"2013-03-25T20:14:32","modified_gmt":"2013-03-25T20:14:32","slug":"swingplane-ventures-inc-otcswvi-claims-no-involvement-with-aps-pump","status":"publish","type":"post","link":"\/articles\/swingplane-ventures-inc-otcswvi-claims-no-involvement-with-aps-pump\/","title":{"rendered":"Swingplane Ventures, Inc. (OTC:SWVI) Claims No Involvement with APS Pump"},"content":{"rendered":"

\"SWVI_chart.png\"Swingplane Ventures, Inc. (OTC:SWVI<\/a>), the current Awesome Penny Stocks (APS) pump had an underwhelming Friday. The management did something rarely seen with APS pump jobs, claiming they are not behind the pump. <\/p>\n

\"1FARE.png\"SWVI<\/a> closed up 3.49% at $0.267 per share with a volume of 3.9 million shares. This performance isn’t unusual for an APS pump. Both World Moto, Inc. (OTC:FARE<\/a>) and Superior Venture Corp (OTC:SVEN<\/a>) got off to a similar start.<\/p>\n

Last week we had a look at some of the key details about SWVI<\/a> potential investors should keep in mind<\/strong>. Since then, there have been some developments. In a press release from last Thursday SWVI<\/a> says it’s not aware “of any investor relations activity on behalf of the Company other than the news releases and filings disseminated by the Company…”<\/p>\n

\"1SVEN.png\"Companies previously pumped by APS have chosen not to say anything about the pump activities and the market reaction caused by them. Declaring a position seems like a responsible step. However, SWVI<\/a> is not strictly warning investors not to trust the pump emails, nor does it state a clear position on the current valuation of SWVI<\/a> stock. Instead, it’s simply washing its hands.<\/p>\n

The main issue of the press releases issued by the company is actually a supposed Denial-of-service attack on the website of the company. In another press release from Friday, SWVI<\/a> says its website is up on a different address, however, the new address doesn’t work. Instead the website is up and working at the old one.<\/p>\n

Meanwhile, SWVI<\/a> still has the buyer beware sign on OTCMarkets. Unfortunately, this sign has proven very ineffective in some previous pumps.<\/p>\n

There are plenty of issues and red flags around SWVI<\/a>. Until the company files the promised SUPER 8-K, the public can’t even begin to make an objective valuation. The filing and contents of that form may very well be the deciding factor of whether SWVI<\/a> will go the way FARE<\/a> did, or it will be an utter disaster like SVEN<\/a>.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Swingplane Ventures, Inc. (OTC:SWVI), the current Awesome Penny Stocks (APS) pump had an underwhelming Friday. The management did something rarely seen with APS pump jobs, claiming they are not behind the pump. SWVI closed...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,181,32],"class_list":["post-764","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-sven","tag-swvi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/764","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=764"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/764\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}