Victory Mark New Pick is PWEI
Currently trading at a market valuation approaching $200 million PWEI has nothing besides an aggressive (and successful to this point) stock promotion to suggest anywhere near this valuation. As long as the promotion continues PWEI could continue to see big gains but one of these days this stock is going to collapse big time. Before long PWEI will fall big, and fall it will.
The hype from Victory Marks Penny Stock Heroes on PWEI Continues
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Original Article when PWEI was under $0.20 pre split: Penny Stock PacWest Equities Inc. (PINKSHEETS: PWEI) exploded from out of nowhere earlier this week after the Victory Mark alert; the stock opened up on Tuesday at $0.16 and ran to as high as $0.22 in less than an hour on massive volume! PacWest Equities, Inc. specializes in working with under performing companies and bringing together the resources needed for them to attain financial stability and growth. Our focus is on companies showing a positive upside while struggling to bring new bio-technologies and unique products to market.
On October 10 they announced that they have entered into a Letter of Intent to purchase PurGro Electronics, LLC in exchange for cash and stock, in a deal valued at US$15M. Included in the proposed transaction are PurGro's current sales volume of $1.5M annually along with 5 international patents pending in China and 11 patents to be filed in the US.
According to the press release this acquisition could propel the Company and its wholly owned subsidiary, World Eco Source Corp., to quickly become the leader of technology-based Organic Food Production companies. When coupled with World Eco Source's unique MobileFeed(R) and MobileFood(R) systems for year round organic food production, even in the harshest of climates, PurGro's technological advances in the automation of hydroponic growing systems make sense in this key acquisition.
PWEI is a stock promotion by Victory Mark famous for previous promotions such as Centaurus Diamond Technologies Inc. (PINK: CTDT) and Marine Drive Mobile Corp (PINK: MDMC) they run the domains SelectPennyStocks.com and PennyStockHeroes.com and are widely suspected to be an AwesomePennyStocks.com affiliate.
Conclusion: Currently trading at a market valuation of just under $100 million the company has no assets or revenues to date or anything besides the stock promotion to justify anywhere near this valuation. While the stock may certainly go much higher in the short term it will fall dramatically once the promotion is over.
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PWEI Name ChangesPacWest Equities Inc. (PINKSHEETS: PWEI) is a stock that has been around for many years. Incorporated in 2002 under the name Dash Industries the corporate structure has been though a total of 5 name changes and 3 reverse splits. Currently trading on the Pink Sheets Exchange PWEI current has the YIELD designation from OTCMarkets.