The mythical number is achieved again! Li-ion Motors (OTC:LMCO) hits one dollar and this time, without promoters earning millions to push for it. They did their part though, and they continue to do it. The big question remains – is this a mirror image of the 2010 scenario, or is Li-ion going the whole nine yards this time?To find the answer, you should first focus on the present day situation and the set of catalysts that inspired traders for such a run. As mentioned, paid promotions are a factor here. Whether covering the latest announcements from the company, or briefly stating how well the stock is performing, promoters managed to achieve an almost 50% increase in the stock price, provoking heavy trading volumes. 
Yesterday`s session is remarkable not only because it closed at $1.01, but also with the 700 thousand shares traded, a level not seen since last April. It is likely that the positive trend would continue today, as promotions continue to press investors to buy the company’s stock.
The issue here is that what is going on now resembles closely past developments on the market. Li-ion Motors was not actually Li-ion not so long ago. This is the third change in the name of the company, while still operating in the same business field – electric powered vehicles. In 2010, as well as in 2009, the price even reached $2 per share. Back then, it cost up to $1 million of payments to promoters to achieve the target. This is the problem at hand, actually. [BANNER]
If the price undergoes indeed similar development this time, while you are happy with its current upward trend, get ready to see it crashing soon. Once the promotions are over, once people do their own due diligence. Once investors see the enormous amount of people on the Internet, who are unhappy with the products of the company. You can argue that most of the blogs, forums etc. that cover the topic cannot be considered objective, but what about paid stock promotions – are they?
So, pick your in and outs carefully. This stock is indeed going up. More and more people would by the stock, thus pushing it to an ever higher levels. Yet, shareholder is not the same as a product owner. The second one is the actual measure of success and progress. So instead of just reading people’s statements that this is the next Tesla, it might be better to read a bit further about the law suits that this company has to engage in. They relate to customer satisfaction, and it is not hard to find them, no matter how many times Li-ion changes its name.
