The promotional campaign for the stock of Amwest Imaging Inc. (OTC:AMWI) started already in November and since then the e-mails are coming in huge amount every single day. On Friday, AMWI got even higher volume than on Thursday but the share price did not fell down again even on the bad news that came out. 
On Friday, AMWI closed the session with the second highest trading volume since the start of trading in mid-November. More than 69.6 million shares were traded in a day, which led to a 40.38% higher closing price at $0.365 for a share. The regular promo mail came shortly after AMWI issued a new press press release and was part of the running 15,000 EUR promotional campaign.
Two more e-mails arrived on the same basis over the weekend, while the latest PR from Friday could also have impact on the trading today. AMWI announced that the recently acquired www.LokDrop.com Cloud technology has exceeded the expectations and has generated so much traffic that the company had to increase the bandwidth to the website. Retail launch is planned for February next year and the price will be set at $99 per year for all users.
The day before that promising PR came out, it was also announced that AMWI was named among some additional defendants in a lawsuit filed by an investor against several companies and related persons. The investor claims the defendants have been involved in so called “Pump and Dump” schemes, and although AMWI immediately rejected all the statements the share price of its stock fell sharply down on Thursday on high trading volume.
Despite the potential of its new technology, AMWI latest 10-Q report shows the company does not have cash to cover its needs and is still in search for new investors. At the same time, after a forward stock split in October the number of authorized shares increased from 75,000,000 to 600,000,000, while the number of issued shares rose from 20,060,000 to 535,600,000. That means that AMWI currently has a market cap of over $195 million.
