Yesterday it looked like Emperial Americas, Inc. (OTC:TEXX) was trying to recover from the downward slide it got into over the last couple of months. The timing must have been right for paid promoters to tout TEXX stock again. The campaign appears to be large-scale, with the highest paid pumper receiving a compensation of $30 thousand.
Conveniently, only yesterday TEXX issued a news article, stating that they signed some MOU with a Imperial Beverage Group, expressing intentions to purchase an equity position in the Texas alcohol distributor. This non-conclusive understanding followed a release from Jul. 17 when TEXX fabricated some projected figures about potential revenues.
This young enterprise came up with $28 million as projected revenue for the next 4.5 years. Traders may be well advised to remember that the projections aren’t coming from an independent source, but the company itself.
Another fact that potential investors should consider is that the management team of TEXX happens to be comprised of the exact same three people who ran TEMN. For those who had their eyes on TEMN, the connection should be more than obvious even without the management. The product offered by TEXX is the same Tequila Distinguido pushed by TEMN. The chart of TEMN speaks volumes.
Before the fine gentlemen from TEMN got their hands on TEXX, the company’s name was AAA Public Adjusting Group Inc. and it worked in the field of insurance adjusting. As of now, it is difficult to say just how well TEXX is doing, since TEXX hasn’t followed through with an 8-K which shows the financial statements of Emperial Americas, Inc. What little is in the 10-Q is not too convincing as well, with current liabilities exceeding both assets and revenue for the period.
Additionally, this promotional effort is reminiscent of another pump by the same promoter with disastrous results.
With a single product on the market and nothing more than the bright promise for more to come, TEXX may turn out to be a potential hazard to investors. The final decision is always open to traders who need to decide just how much faith they have in the hype, the good intentions of the company and its future abilities. [BANNER]
