Georgi Kamburov

Wild Craze Inc. (OTCBB:WILD) Crashes Back To Pre-Pump Prices

by Georgi Kamburov August 26, 2013
2WILDchart.pngAfter three consecutive days of nothing but crashes it seems that the pump for Wild Craze Inc. (OTCBB:WILD, WILD message board) might have come to its inevitable end. The last round of alert emails touting the company were sent out last Thursday when the stock first began correcting.

WallStreet Advisors, Stock Profitz, Stock Castle tried to do some damage control by announcing that the pullback is a good entry point but investors largely ignored their claims. The stock is now down 40% from the high of the pump and it is currently standing at $0.37, just 2 cents above the price it had just before the promotion began.

The Stock Profitz entity seems to be created specifically for this campaign because it lacks any history prior to its involvement with WILD. Nonetheless they are expecting a compensation amounting to $800 thousand dollar for their services.

Without the artificially created hype it will be extremely hard for the company alone to support another upward trend. The ticker has seen only sporadic trading for most of the year so far and despite offering some unique products its fundamentals are far from confidence-inspiring. The company finished the second quarter of 2013 with :

  • $1014 cash
  • $302 thousand total current assets
  • $1.4 million total current liabilities
  • $194 thousand sales
  • $300 thousand net loss

Another big red flag for future investors is that due to the extensive spam email campaign George Sharp has added WILD as GRLTchart.pnga defendant in his ongoing lawsuit. Doing your own due diligence should always precede any decision that involves dealing with pennystocks.

Last Friday InVivo Therapeutics Holdings Corp. (OTCBB:NVIV) lost more than a quarter of their value when the stock crashed by 27% to close at $2.98. But the shareholder of The GRILLiT, Inc. (OTCMKTS:GRLT) had an even tougher time watching the company drop down by 35% in a single day.

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