Friday, July 25, 2008

Photomatica (PHMA) (PHMA.OB) Stock Spam on Stock Split

Photomatica (PHMA) (PHMA.OB) is the target of a stock spam, which is claiming a $4.00 target and a double by days end. However, Photomatica last closed at $1.69 a share and was apparently untraded yesterday. PHMA has a 52wk range of $1.40 to $3.25. Average trading volume over the trailing three months is only about 3,000 shares. The spam uses the word "split" seemingly playing off PHMA's 5:1 stock split early this month. The company also recently proposed a name change. (See PHMA news on Yahoo! Finance). FYI, the PHMA spam arrived early Friday morning to a Windows Live Hotmail junk box. doesn't have a warning label for PHMA but shows that is dually quoted on the pink sheets and OTCBB.

Details of the Photomatica (PHMA) (PHMA.OB) stock spam:

"Will split in next 24 hours, dont tell anyone else...‏"

PHMA (Photomatica, Inc.)
Price: $1.69 Target: $4.00
Total Issued /Outstanding: 31m


Will double by days end.

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