Green Innovations Ltd (OTC:GNIN) Trying Hard

After the massive 48% crash on Feb. 19, Green Innovations Ltd (OTC:GNIN) has been trying hard to convince the market it has more than a paid pump going on. It’s not going all that well.

Yesterday GNIN closed down 4.73% at $0.6764 per share. The volume reached 2.6 million shares. At this price GNIN is still down about 80% from the high.

The company has been issuing press releases every chance it gets, announcing new orders, agreements and lines, but it the market may need a lot more. GNIN did file an 8-K about two purchase orders for a total of $41,400.

This was a step in the right direction, but clearly wasn’t enough to support the inflated market capitalization of the company without an actual financial report showing the figures traders want to see.

Investors Alliance and the other newsletters paid to pump the stock are keeping their end of the deal sending emails about every announcement.

A part of the reasons why GNIN crashed and may continue its way down may be the person at the helm of the company. It’s Mr. Bruce Harmon, who also happens to be the CFO and Chairman of eLayway, Inc. (PINK:ELAY).

It may be hard for GNIN to regain the confidence of the public with the pump campaign, the crash, and the way it was created. When and if, the company files a financial report showing a hefty profit this may change, but until then, more of the same may just prove insufficient.