Amwest Imaging, Inc. (OTCBB: AMWI.PK) market value has fallen down severely since the days of the company’s latest promotions.
Since that time, no news has come out, only the stock has been sent to the lower Pink Sheets market tier, and has been again promoted for today’s session. AMWI was promoted in the middle of December last year for the last time. At the same time the chart shows that the stock value had jumped to $1.40 per share on huge volume exactly in the middle of that promotional campaign.
As of last Friday, however, AMWI shares were worth only $0.057, which was a 1.72% decline from the previous close, while the trading volume was merely around 934,600 traded shares.
The lowest price that AMWI reached after its previous promotions was $0.05. Although a new promotion is on the way, it is unlikely that the share price would start growing.
Yesterday evening, one single e-mail came into my inbox and it only mentioned the old news about AMWI new Cloud technology from last month.
The compensation for the new promo is significant – A third party has paid $98,000 in cash for a one-week marketing program.
Given that AMWI share price is much lower now, it could make a substantial move up today.
As already reported, the company still does not have any source of cash apart from the sale of stock.
Also, AMWI has recently already caused huge dilution to its shareholders through a forward stock split, and it is likely to cause even more dilution very soon if it finds any new investors. That could make the stock become even cheaper than it is currently.
Amwest Imaging, Inc. (OTCBB: AMWI.PK) had a huge run from the end of November to early December. Many investors in this penny stock started having candy cane dreams of what they would do with their profits.
If you were one of those who read the posting on November 21st then you may have had the chance to sell out during the run towards $1.38. If you chased the stock when the hype began in December, then you are most likely sitting on stock still or wondering what that candy cane dream would have been had AMWI not bottomed out like a pickup truck full of pigs on a muddy backwoods trail.
As you know, penny stocks are a great place to invest your money. AimHighProfits.com alerted on the delisting of AMR, parent Corp. of American Airlines Tuesday……AAMRQ.PK…..AMR popped 52% the last 2 days and swing trading has been epic in this high volume stock.
You just have to do your due diligence to stay away from all the scams out there these days!
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AND AS ALWAYS…………..
- Do your own research.
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- Positive Self- Belief.
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