Green Innovations Ltd. (OTC:GNIN) – The Calm before the Storm

Green Innovations Ltd. (OTC:GNIN) had a relatively calm trading session yesterday, following another fluff press release.

GNIN closed up 1.9% at $1.07 on approximately 990 thousand shares. The company issued yet another press release earlier this morning, but the session may be as uneventful as the previous one.

Whether you’re a shareholder of GNIN or you have some other interest in the company, next week may be much more interesting. Monday, Apr. 15 is the deadline for the company’s financial report for Q1 of 2013.

That doesn’t necessarily mean they will file the 10-Q on Monday. GNIN can file a notification and extend the period for the filing, but whatever they choose to do it will probably effect trading. Until the numbers are in, the public will have to rely on the limited information provided by the previous filings and the press releases of GNIN.

Yesterday’s release stated the company’s subsidiary Green Hygienics, Inc. had signed some agreement with a Federated Foods, LLC, supposedly a “leading grocery private label brand developer, and marketer” in the US.

As it often happens with pumped OTC companies, the word “leading” has been used rather loosely. A quick search will show that Federated Foods, LLC have a very limited online footprint and apparently, they don’t even have a website. You decide whether that sounds characteristic for a leading company in any field.

Today’s release is the usual for GNIN – they claim they have successfully completed another delivery. The pumpers readily mailed on both the announcements, boldly sticking to the target price given in the paid tout report by Market Research Worldwide; a report made in exchange for 2.6 million Euro.

The 10-Q should be a curious read. Until it has been filed, we urge our readers to be careful and not to make any rash decisions.