Classic Pump and Dump: Altus Property Ventures Inc. (APVI)


Here's a classic pump and dump we have seen last Friday, 26 June on APVI. 
APVI was approved by PSE to participate in trading thru Listing by Way of Introduction. It is like IPO but no public offering, the shares can be traded on the trading floor with no ceiling on its first day. 

1,700+% up. Opened at 40, with high at 240 and closed at 18.50
Par value is 1peso, 100M shares at 10.10 per share

100k shares by Abacus before closing. May laro but remember the ceiling will be at 27 pesos. Risk > reward. I'll just focus on $DITO instead. 

Newbies avoid at all cost. Scalpers, good luck and TAYOR. 



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