Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) Slips Despite News
Despite news and pumpers trying to hype it up, Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) recorded another session in the red yesterday.
In the morning NNRX issued another optimistic press release, but that didn’t prevent it from opening with a gap down, and closing down another 12.5% at $0.49 on a little over a million shares. On the bright side, it didn’t close at the low which was $0.42.
The company announced it had secured a $89 thousand initial purchase order from an unnamed health food supplement distribution company in the Philippines. The order was said to include 6 newly developed products.
Prior to the open, the newsletters of ECA Group, currently pumping NNRX, sent emails to maximize the reach of the press release. They also said NNRX was “establishing strong Support in the 50’s,” which turned out to be simply wrong.
In the afternoon the pumpers sent more emails, this time trying to suggest that the finalizing of the debt limit raise bill will somehow result in a breakout for NNRX. The pumpers claim that it was the shutdown which “caused a significant retracement in NNRX…” which we can only assume refers to the 67% crash on Sept. 30.
The newsletters affiliated with ECA Group are: Investors Alliance, Traders Insight, Dividend Seeker, and National Traders Association. As mentioned in previous articles, they were used in pump jobs before, namely the ones on Green Innovations Ltd. (OTCBB:GNIN) and iTalk, Inc. (OTCBB:TALK).
Traders are free to decide whether NNRX‘s crash had anything to do with the government shutting down or the fact that those pumpers are being paid to tout the stock of the company.