Some promotional disclosures from Friday reveal that traders have received alerts on SPFM shares from at least three different promoters, starting on Thursday evening. None of the promoters discloses to have received any compensation for the service. In such case, it should be expected that the promoters are trading the shares themselves and that could lead to a sharp price drop off as soon as the promotions expire.
The effect of the promotion seems remarkable only with the realized trading volume, since the 33.33% jump of the share price on Friday is almost undeserving attention for such low-priced penny stock. The real success was the trading volume of SPFM, which had its highest values ever in the last two trading sessions and exceeded 291 million shares on Friday. The close was then at $0.0008 and just like it was the whole week, a considerable portion of that extreme market activity belonged to shorters.
Spoofem.com USA is not providing any material information to the public. From the one and only SEC filing of the company, filed in April this year, it is known that the company has sold convertible debentures to two investors for the amount of $147,000, whereby the planned offering amount was $1 million.
According to the website of Spoofem.com USA, the company is offering caller id spoofing services, allowing people to choose any number as a caller id. Maybe noticing that this kind of entertainment is not a fun for everyone, the latest press release of the company announced that it will now fully exploit the market potential. Spoofem says it has added a new website called SpoofAbuse.com to allow people prevent their phone number from being spoofed by abusers.
