Georgi Kamburov

Biozoom, Inc. (OTCBB:BIZM) Surges Further Up

by Georgi Kamburov June 11, 2013

Watch the video to learn about the probability of Biozoom, Inc. (BIZM) Chart Signal as of Aug 27, 2014

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2BIZMchart.pngIt seems Biozoom, Inc. (OTCBB:BIZM, BIZM message board) cannot be stopped. Their month long positive trend continued even stronger during yesterday's session when their stock simply exploded. The stock gained 24.9% during the day or in other words nearly half a dollar more than the previous close. Investors were quite eager to jump in even at these price levels and more than 7 million shares changed hands.

This unnatural climb for a company that six months ago was nothing but a shell with no assets and no business operations can often be explained with a paid pump that is going on for the company. But this time although there is a considerable promotion all the involved parties disclose receiving no compensation for their services.

The Stock Report has published a feature article about BIZM giving them price target of $10.30 - a rather bold statement for a company with such a dismal fundamentals. They even proclaimed the stock as one of the top 3 for 2013. Some traders even managed to hear pumps for the company on the radio yesterday. So someone must be paying for all of this.

BIZM themselves have been quite busy issuing PR article after PR article abound their amazing product. And on paper it really looks promising - a handheld scanner that can measure all sorts of bioindicators without the need of any invasive procedures. Even Vodafone and Carl Zeiss were brought in during its development. The company has started accepting preorders so we hope to be able to see its groundbreaking functions some time soon but until then it still sounds a bit too good to be true.

8BIZMlogo.pngEven bigger concern for investors should be the amount of shares currently held by insiders of the company. Back in 2007 BIZM sold 610 000 common shares to private investors for $61 000. Four months earlier the company issued 1,2 million shares to its officers and directors for the total price of $5100. Now when you factor in the 33 for 1 forward split made in 2009 and things become a little bit suspicious. Currently these people control 20,1 million and 39,6 million shares, respectively. Even if there were restrictions on the shares they are long expired by now.

Today in early trading they are up by 30% and are closing on 3 dollars after a rather shaky start. Invesors should carefully consider all the risks surrounding the stock and decide if they are acceptable because a correction may come at any time and there is a lot of room to fall.

Watch the video to learn about the probability of Biozoom, Inc. (BIZM) Chart Signal as of Aug 27, 2014

Hotstocked Precision will calculate the probabilities of Biozoom, Inc. (BIZM)

Rating:
Size: 656KB
Version: 1.1
Platform: Win/Mac
Downloads: 800,000+
FREE DOWNLOAD

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