Here we are, at the Most Blatant Pump Awards. And the prize goes to... Everybody's Phone Company (PINK:EVPH)
Of course, there are no such awards, but if there were, EVPH would definitely have a shot at the first place. "Blatant" doesn't mean "not working", however. EVPH had a monster of a session yesterday. The price went 173.68% up, reaching a close of $0.052 on 32.5 million shares.
Going back to the pump part, it's not particularly shocking to see an OTC pink company getting pumped through promotions or PRs. What is notable about this case, is that the company didn't even put much effort in how they try to pump the price.
Nothing bad about having two agreements, but let's see how the first one worked out. For January through September 30, 2010, the revenue of EVPH is exactly $0. Not very impressive after reading about the $8 billion, the Universal Service Fund distributed.
"This EVPH has cost me half of my money. Paid .27 for it last week and got out today at .16 ". This is a part of a post by a trader who didn't do his own due diligence. Yesterday's results suggest there might be new similar posts soon.