Green Innovations Ltd (OTC:GNIN) Fluff PRs Not Enough

After a disastrous session yesterday, Green Innovations Ltd (OTC:GNIN) is taking another plunge despite the next fluff press release issued early today.

Yesterday GNIN finished closed the session down 48% at $1.43 per share with a volume high of 18 million shares. At this time GNIN is down another 27% at $1.04.

In today’s press release the company says it has executed a licensing agreement for exclusive retail distribution in North America. Apparently, the management doesn’t consider a 48% crash important, as there is no comment, not even a mention of yesterday’s performance. The market response is quite clear.

The newsletters touting GNIN called the dive a “major opportunity.” Their inadequacy isn’t surprising since they are getting paid to tout the stock. The approach isn’t anything new, either. Most pumpers who get a stock to run more than a day call it “a healthy retrace,” “needed pullback,” or a “buying opportunity.”

We warned our readers about this pump job about a week ago. Back then we didn’t have the particular pumpers on our radar, but thanks to some of our diligent readers we have added them to our database. If they try to pump another stock, we will cover it from the start.