Green Innovations Ltd (OTC:GNIN) Going Full Steam

Green Innovations Ltd (OTC:GNIN) gained another 16.36% yesterday. The price reached $1.92 per share, after about 3.8 million shares had changed hands.

GNIN has been quietly climbing since mid-January, but it wasn’t until last Thursday that things started really heating up. That’s when the rumors started.

Rumors say that a pumping outfit is touting GNIN, and there are a number of facts that would support that theory, but so far we haven’t received any hard evidence of a paid pump campaign on GNIN.

In addition to the due diligence from the previous article on GNIN, it should be pointed out that the auditor for GNIN is Drake & Kleins CPAs, which was recently joined by Peter Messineo.

Those unfamiliar with the name may want to know that Mr. Messineo has been involved with a lot of other pump jobs at one point or another. The list includes the current Awesome Penny Stocks pump Swingplane Ventures, Inc. (OTC:SWVI) and Superior Venture Corp (OTC:SVEN).

Additionally, in November the company issued 500 thousand warrants with an exercise price of $0.01 per share. Furthermore, the 10-Q showed some convertible notes, which could cause dilution and allow some parties to get shares below the market price.

Yesterday GNIN filed an 8-K in connection with the press release about the sales and purchase orders. It only reiterates what the press release said, and the public will have to wait for a financial report if they want details.