Green Innovations Ltd. (OTC:GNIN) Trying to Keep Traders Interested

So far, it hasn’t been the best of weeks for Green Innovations Ltd. (OTC:GNIN). The price seems to have settled around $1, but the volumes are fading, and people may be losing interest.

Yesterday only 545 thousand GNIN shares changed hands, as the stock closed down 3.85% at a dollar per share.

The previous week GNIN didn’t let a day go by without issuing a press release about some agreement or a purchase order. The only news since then seems to be the appointment of Philip C. Rundle as CEO.

Earlier today, GNIN issued another press release in which Mr. Rundle talks about the future outlook. There’s no concrete information just a load of optimistic forward-looking statements. Still, this may be enough to spark some measure of interest in the market.

Mr. Rundle will get a little less than $235 thousand and 300 thousand restricted common shares for the first year, pursuant to his employment agreement. The monetary compensation is a little more than all the revenue GNIN has reported so far.

Mr. Rundle has an impressive resume, but only time will tell whether he can make GNIN a profitable enterprise. The next quarterly report should filed around May 15, and until then the public can only guess what the results will be.