The biggest question fretting traders is whether Marilynjean Interactive Inc (OTCMKTS:MJMI) trading could get suspended by the SEC after all there is a valid reason to be skeptical. The last two paid promotions (MWOG and BRKO) conducted by EliteStockAlerts.com and group had been halted by the SEC citing unusual and unexplained market activity during a promotional campaign. There is no dobut that there are gains to me made from such promotional campaign but then there is always the risk of losing all your investment in the promoted stocks.
In the latest press release from MJMI Peter Janosi, MJMI’s president said: “We continue to receive positive feedback regarding our focus on Blockchain technology and believe we are positioning the company well to participate in how Blockchain technology will completely alter the way billions of dollars of assets change hand every day.” However, here is the problem and you need to know it before you buy or own MJMI stock. This is a screen shot on MJMI’s financials from OTCMarkets.com. Does any of this justify the company’s market capital ?
Some interesting facts about Mr. Peter Janoski; As per bloomberg, Mr. Janosi served as a Police Officer with the Budapest Police Services. Since 2010, concurrent with his employment as a police officer, Mr. Janosi has been mining and investing in Bitcoins and managing an online retail operation through E-bay. Pretty impressive considering the 34 year old CEO left the police department to pursue this business full time. Only time will tell whether MJMI with a current market cap of $98,633,505 a/o Aug 24, 2016 will sustain the gains or fall flat on its belly post promotion.
So far, MJMI is trading at $0.705 with more than 1.1M shares already exchanging hands by noon time today. Another interesting aspect about the way MJMI is trading is the short squeeze. As per the promoter’s newsletter, “MJMI is a prime candidate for a mega-breakout of epic proportions, and the mini short squeeze that began yesterday could literally be the tip of the iceberg. I’m expecting shares of MJMI to advance to well over 2 dollars a share next week”
It’s important to follow traders vigilance when trading promoted stocks like MJMI. We will be updating our subscribers with more information on MJMI. Singup for our newsletter to stay tuned.
Disclosure: We have no position in MJMI and have not been compensated for this article.