{"id":849,"date":"2013-01-14T07:04:00","date_gmt":"2013-01-14T07:04:00","guid":{"rendered":"\/?p=849"},"modified":"2013-03-25T20:14:43","modified_gmt":"2013-03-25T20:14:43","slug":"awesome-penny-pick-pump-of-bio-matrix-scientific-group-inc-pinkbmsn-heats-up","status":"publish","type":"post","link":"\/articles\/awesome-penny-pick-pump-of-bio-matrix-scientific-group-inc-pinkbmsn-heats-up\/","title":{"rendered":"Awesome Penny Pick Pump of Bio-Matrix Scientific Group, Inc. (PINK:BMSN) Heats Up"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/37BMSN_chart.png\" border=\"0\" alt=\"37BMSN_chart.png\" title=\"37BMSN_chart.png\" width=\"450\" height=\"201\" \/>On Friday Bio-Matrix Scientific Group, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BMSN\">BMSN<\/a>) shuffled nearly 77% up. The movement was most likely caused by a currently active pump by Awesome Penny Pick. Despite the percentile change, the stock still closed at 2 tenths of a cent. <\/p>\n<p>The pump, as usual, promises quick gain and a breakthrough to new heights on the charts. The pump email is full of the usual forward-looking optimism and not much in the way of financial information or actual performance and hard results. The promoters seem to think chart analysis for sub-penny stocks that are promoted on and off is also fitting, even though chart movement happens largely because of the promo round hype.<\/p>\n<p>Since <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BMSN\">BMSN<\/a> filed a delay notification for the 10-K for their last fiscal year, what investors have right now is their report for the quarter ended June 30, 2012. The numbers there can hardly enthuse traders:<\/p>\n<ul>\n<li>$29 thousand in cash<\/li>\n<li>$1.6 million in current liabilities<\/li>\n<li>ZERO revenue since inception<\/li>\n<li>$522 thousand quarterly net loss<\/li>\n<\/ul>\n<p>How the company is going to finance its further activities with so little cash is not clear at all. The issued and outstanding stock of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BMSN\">BMSN<\/a> already numbers over 1 billion shares, as detailed in an 8-K report dated January 3, 2013. The situation of the company is not exactly one that suggests a major breakthrough and the previously touted merger news seem to concern a merger with a wholly owned subsidiary &#8211; hardly a breakthrough move. Investors may want to take a breather and wait for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BMSN\">BMSN<\/a>&#8216;s annual report which is due tomorrow, if it arrives on time of course. If the pump picks up some steam today, the 10-K may be further delayed to ride the hype before full and more current information is revealed to hopeful investors.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1TEXX_fail.png\" border=\"0\" alt=\"1TEXX_fail.png\" title=\"1TEXX_fail.png\" width=\"375\" height=\"167\" \/>Promoters Awesome Penny Pick previously touted other penny stocks that ended up losing money for investors. One such example is their late summer pump of Empereal Americas, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TEXX\">TEXX<\/a>). The stock is currently over 90% down from the peak of the short pump and trading at under a cent.<\/p>\n<p>Traders are advised to be extra careful with promoted sub-penny stocks. They almost always seem like a very cheap way to make some money riding a supposed upward trend but just as often end up crashing hard as reality settles in, pumping stops and the stocks cool down to their realistic price ranges.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFgCaZV-2FDc-2Fri6qacpr0tzF7ClPui-2FqLQSR2XplwZVGCmPxtFR6GVmTQNR53rLMyJRLvW3A77m865F0j1NaKl0gt-2F5CQDulJoUoPIV2HHNDA7XKKmREINy0xI3CYE8A8UJSTy6okqQBrl8NI0yVcOnMA-3D-3D\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday Bio-Matrix Scientific Group, Inc. (PINK:BMSN) shuffled nearly 77% up. The movement was most likely caused by a currently active pump by Awesome Penny Pick. Despite the percentile change, the stock still closed&#46;&#46;&#46;<\/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":[167,143],"class_list":["post-849","post","type-post","status-publish","format-standard","hentry","category-news","tag-bmsn","tag-texx"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/849","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=849"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/849\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}