It seems pumpers simply can’t get enough of Marine Drive Mobile Corp. (OTC:MDMC). There seems to be no problem with promoting any given stock when you’re being compensated $500 thousand to do it, though.
On Friday the pumper was touting MDMC again, this time alluding to incredible potential gains, should the stock climb to $1. Considering the fact that MDMC has not filed any new statements, which means it’s still squatting on its previous figures of zero revenues and about $1.5 million in net loss, there is little reason to believe such a positive development is going to happen.
The latest effort may have been triggered by a news release by MDMC that speaks of a new joint venture that should result in the creation of a mobile payment platform. As usual, details about the project are vague and its marketability – fairly obscure.
Given that MDMC is primarily offering forward-looking optimistic projections and has done very little in the way of actual work, traders may be wise to evaluate the pumper offer carefully before they hop on this boat.
