Anastas Gegov

Xumanii International Holdings Corp. (OTCMKTS:XUII) Continues To Drop

by Anastas Gegov August 12, 2014

Xumanii International Holdings Corp. (OTCMKTS:XUII, XUII message board) has been traded intensly since the beginning of the last month and finally gave some hopes for revival after the horrible downward run that lasted for months and pushed the company stock into triple-zero land.

 

The press releases kept coming and we also saw an effort to promote the stock in the end of July by several outlets that listed no compensation for their services. There was no effect from the emails, however, and we might actually see XUII hit rock bottom.

 

This might not be such a surprising outcome, considering that even the news that XUII announced that they were launching a television commercial for their iMERJN tablet that was launched back in April and is available for purchase on Amazon.

 

We can’t be sure of the success of the tablet yet and the reviews section for their tablet in Amazon is filled with comments that might turn out to be fake after all. They all seem to be written in a similar and from the 15 accounts that reviewed it only 3 have other reviews leading us to suspect that they were created with the sole purpose to promote the product.

 

And we are not the only ones that have these doubts. Another reviewer on Amazon has the same opinion and calls XUII a “pump and dump penny stock”. This is surely enough to raise a red flag.

 

Their quarterly report for the period ended April 30, 2014 isn’t something to be proud of either.

 

  • cash: $200 thousand
  • current assets: $788 thousand
  • total assets: $1.1 million
  • current liabilities: $2.6 million
  • revenues: $0
  • net loss: $1 million

 

As you can see, the financial situation is not rosy at all and considering the suspicious comments that we found on Amazon, the massive increase in authorized shares and the discrepancies between authorized and outstanding shares in their latest 10-Q we consider XUII a risky investment choice.

 

Anyway, we don’t know how a company of their size can try to compete on the tablet market with its $250 device and operate at a profit, considering that 99% of its quarterly net loss comes from general and administrative expenses.

Comments 1

1. Guest
August 12, 2014, 02:01PM

Quotes Need Cheap Shares? Keep trying to bash this plz! .0008 is the low. GLTU

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