Green Innovations Ltd (OTCBB:GNIN) Drops Below $0.60

Yesterday Green Innovations Ltd (OTCBB:GNIN) closed down another 8.21% at $0.57 on 2.1 million shares. The price hasn’t been this low since late February, after the initial pump crash.

On Saturday, May 4, Investors Alliance and the other newsletters which carried out the pump job on GNIN sent emails saying their new pick was coming soon. The pumpers are calling GNIN a success, but that’s not the whole story by far.

GNIN was in no way a success for anyone who bought above $2.25, and it brought significant losses to a lot of other people who bought lower. The pumpers fail to mention GNIN dropped from about $3 per share to about $0.60 in a matter of days, and they didn’t warn their subscribers.

Not only didn’t they warn the public, but they actually continued to pump GNIN long after the crash, and continued to claim GNIN was going towards the ridiculous $5.62 price target from the paid tout report.

Experienced pump players probably managed to get significant profit from GNIN, but any novice trader who believed the hype and still hasn’t sold, is looking at huge losses.

The involvement of Philip Rundle, a former Kimberly-Clark VP, brings some measure of credibility to GNIN. Still, until the company proves it can make money, saying it’s anything more than a pump job is just wishful thinking.

The new pick of the GNIN pumpers isn’t known yet. However, the disclaimer of the email says the pumpers are being paid $40 thousand per week by Crystal Financial LLC. When Investors Alliance, Dividend Seeker, National Traders Association and Traders Insight reveal their next pump, traders should keep in mind what has happened with GNIN.