Green Innovations Ltd (OTCBB:GNIN) Keeps the Hope Alive

The last pump email for Green Innovations Ltd (OTCBB:GNIN) was sent nearly a month ago. Back then GNIN was trading for about $1 per share.

These days the price is much lower. After a 28.18% gain on Wednesday and a 6.38% gain yesterday, GNIN closed at $0.75 – down more than 70% from the pump high in February.

While yesterday’s performance could potentially be explained by a press release by GNIN about a purchase order from a grocery chain, the 28% surge came out of nowhere. Two consecutive positive sessions could inspire some confidence in the stock, but next week will be much more important.

GNIN has to file its financial report for the first quarter of 2013 by Wednesday or Thursday. That report should be of interest for those who believe the company has a bright future.

The annual report filed in March wasn’t as impressive as some expected it to be, based on the hype created by the pumpers and the endless torrent of fluff press releases by GNIN. However, in the period covered by that report, the company had just started operations, and the quarterly should show what GNIN has managed to actually get from all those purchase orders.

Now the some of the people involved with the GNIN pump seem to be behind another stock doing amazingly well on the market. It’s iTalk, Inc. (OTCBB:TALK), and it has more than doubled its price since it started trading actively in late April. If the same people are at work pumping TALK, a crash like that of GNIN in February is very likely. Traders should be careful.