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JaBbA's Hut

White Hat Liberal Geek Dad

Tuesday, February 28. 2006

DoublePump

Security
Hmmm. I just got ANOTHER APPM pump-and-dump.

So I checked out the stock. Friday (the 24th) The stock was as low as $0.60. It apparently stopped trading halfway through the day.

Monday the 27th it's up to $0.87 with more volume. Huh?

Oh, news headline, dated the 24th:

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Feb. 24, 2006--Apparel Manufacturing Associates, Inc., Pink Sheets: APPM, announced today that yet another step towards the expansion of the portfolio of licensing agreements has been taken. The agreement with a US fashion design company will be signed shortly.

"We feel very confident about the level of experience that this highly professional team will bring to the design and marketing aspects of our venture," stated Natalie Vippach, president of Apparel Manufacturing Associates, Inc


Followed by the same ridiculous disclaimer.

Looks like they're double dipping. And people are swallowing it. Greed is an amazing thing.

Google Natalie Vippach. She only exists in the 3 news releases for APPM. A breand new person!
Posted by JaBbA in Security at 07:06 | Comments (0) | Trackbacks (0)

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