"Swingplane Ventures, Inc., a development stage company, manufactures and sells men’s and women’s golf apparels. Its clothing line consists of tailored-fit golf shirts, pants, and skirts. The company focuses on marketing its products under the Swingplane name through online sales directly to the consumer. Swingplane Ventures, Inc. was founded in 2010 and is based in Broomfield, Colorado."Strangely, and according to the company's own website, the company actually operates as a mining exploration company that concentrates on the acquisition of copper ore.
The company is currently being promoted by AwesomePennyStocks and its affiliates which is why it is currently trading at levels far above its actual worth. Unsurprisingly, the company didn't have a single news release from the time of its inception in 2010 until late this January when the stock promotion began.
Considering the 472.5 million shares outstanding, the company currently has a market cap of around 190 million dollars. So how much money does this company make in order to be valued at that price? Zero. None. Nothing. As of the last quarter ending September 30th, 2012, SWVI has no income and a debt of 25 thousand dollars in net tangible assets.
Looking back at the last APS pump FARE, counting from the first day of massive volume to the peak of the pump, we see that the promotion lasted about 14 days.
Counting in the same manner we can see that SWVI is due for a similar collapse.
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