AU8 1.67% 6.1¢ aumake international limited

This stinks and questions need to be asked, page-22

  1. 287 Posts.
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    A lot of insiders and people who originally involved in AUMAKE got their shares since it was around 6c would keep playing this stock in the pump and dump game until sell most of their shares on open stock market to new speculators/investors. They can still make profit all the way down to around 10c per share. Therefore they don't care. It's important for retail investors to avoid getting hurt thinking that they are buying at the bottom here. The insiders are willing to accept a bottom around 8c where they can exit with their last shares sold at break even price. Up or down they still win. They had a nice run so they always win even if this company eventually disappears. The problem for AUMAKE is that the business they try to do has no barrier of entry. Any one can with Chinese language skills could do it online with as little as $500 to get started online. This was probably how the original couple started until it was turned from a tiny family-owned business into a public company by some one trying to scheme Australian investors.

    If one is serious about punting on this company, wait until it hits the range 8c-10c. It will take a while to get there. Some serious players will try to find way to short-sell this stock to ride the next phase of the "pump and dump" game which is "dump and pump".

    I keep 1 share of AUMAKE just for the fun of it.
 
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Currently unlisted public company.

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