Green Innovations Ltd (OTC:GNIN) Crashing Harder, Management Still Not Interested

Green Innovations Ltd (OTC:GNIN) is taking a beating in early trading today, after another dismal session yesterday when it closed down 35% at $0.93.

At this time GNIN has lost another 53% and trades around $0.44 per share.

Despite the huge crash the management of GNIN keeps on the torrent of optimistic press releases. One from earlier today is focused on a supposed vendor listing number from a California chain of supermarkets.

The newsletters touting GNIN are equally inadequate. They are also talking about the vendor listing number and clinging to the ridiculous $4.53 price target.

The amazing ascension of GNIN has been more than equally matched by its abrupt decay. Still it has surpassed the performance of the current Awesome Penny Stocks pump job – Swingplane Ventures Inc. (OTC:SWVI), which is also down in today’s session.

GNIN is a fine example of what is the danger in trading pumped stocks. There are probably quite a few people who played it for the pump it is, and bagged some profit, although nowhere near what the people behind the pump job made. As for those who believed in the promises of a bright future, it’s better not to put salt in the wound.