PUMP AND MAYBE DUMP. This is a recommended stock by a site or...

PUMP AND MAYBE DUMP.
This is a recommended stock by a site or publisher called money and markets or Port Philip publishing.
Took a bit of research to decipher what they where hyping up in there advertising. But I was confirmed when they altered the buy price from 5 cent to 14 cents. They refer to the companies product as" the everything app"
It is basically doing what "we chat" already did.
They make all these claims about the stock, who is involved with it and its potential. I think they developed their speil after an afr article.

Put simply it is a stock that was overpriced from the very beginning and the present price is probably still a bit inflated.

Unfortunately many Chinese based ipo's have inflated or un reconcilable financials and this was how it started where it did. The company who floated them has done many Chinese market companies and I dont think any are worth their beginning price and one may even be delisted for dodgy financials.
The price it bounced from was about a tenth of ipo price (check exact yourself) Maybe 12 cent would be safe.
Given the hype around it, I am still tempted to buy a little even at 15/16 cents. There is something happening in July surrounding the app. So until I know what that is (probably adjustment of Chinese regulations) I will not jump in yet.
Suffice to say, in answering your original question.
Yes it's definitely a pump. Look what they've managed already (port Phillip publishing). Is it real?
How long is a piece of string? Put 2 or 3 thousand in and see what happens. I can see the hype taking it to 50 cents, but they pushing 3 times that.