Nutech Energy Resources Inc. (OTCMKTS:NERG) Crashes Horribly

Evidently some people expected Nutech Energy Resources Inc. (OTCMKTS:NERG) to make another run up the charts on Friday, but unfortunately for said investors, the ticker ended up having a pretty nasty crash after the initial green start. (BANNER)

It was clear from the get-go that NERG was a high risk investment. The company made unbelievable promises and attracted a lot of attention with its announcements. The only way it could have retained the gains made possible by the hype jump was if the veracity of its ridiculous claims was proved. To that end, the company was supposed to make its latest financial report publicly available after the end of Thursday’s trading session.

Well, NERG failed to keep that promise, and the results can be seen clear enough on the company’s charts.

So what does the future hold for NERG?

Well, today’s press release, and any other announcement that could follow it, may be able to convince some people to commit to the company’s stock. However, even if that happens, that would victory would be short-lived at best, if NERG does not file the report that investors need to see if they are to know what is going on with the company.

If the report does come out and the numbers in it are promising, the ticker will almost certainly go ballistic once again. Until it does, any upward move will be difficult to say the least.

And if it doesn’t come out at all or ends up being less glorious than what the company promised… Let’s just say that things will get even scarier if that happens.

In conclusion – NERG remains an extremely risky investment. Let the buyer beware.