Green Innovations Ltd (OTC:GNIN) Management Finally Takes Notice

Yesterday’s session started just as badly as the previous two for Green Innovations Ltd (OTC:GNIN). This time the management made an attempt to address the situation.

About 1 pm the company issued a press release. By that time the price had already gone above the low of $0.375, and at the end GNIN closed at $0.63 per share, still down 32.26% for the day.

In the last three sessions GNIN has dropped approximately 80%. One may question the choice of words of GNIN, calling it “volatility,” but taking a stand is the responsible thing to do.

On the other hand the press release hardly means a thing for those who are looking losses in the 80% range. Furthermore, unless GNIN actually follows through and proves the company is really making money, it won’t mean much for any shareholder.

Another responsible move would have been to say something when the price went from $1 to $2 in just 7 sessions, but it’s too late for that. Besides, it would have gotten in the way of the pump efforts, and you don’t want that if you’re a part of a scheme.

At this level GNIN could be ready for a bounce, but for it to happen and last more than a few sessions, the company will have to provide something more tangible and do something about its credibility. The fact that the paid pumpers keep on mailing doesn’t help that issue much.