Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) Crushed by Pumpers

After delivering an impressive first week of active trading, yesterday Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) crashed hard, after it became clear there really is a paid pump job focused on the stock.

NNRX lost more than half of its value as people were scrambling to get out. At the end of the session NNRX closed down 67.13% at $0.47 per share. While the price hit a new low, the volume of nearly 14 million shares was a new high in the short trading history of NNRX.

The reason for the crash is quite clear and quite simple. During the weekend a number of newsletters sent out pump emails about NNRX. Considering the history of the newsletters and the entity which uses them to pump stocks, the crash shouldn’t come as much of surprise.

The newsletters in question are Dividend Seeker, Breakout Finder, and Investors Alliance. All of them are members of the ECA Group, which was behind the pump jobs on Green Innovations Ltd (OTCBB:GNIN) and iTalk, Inc. (OTCBB:TALK). The compensation for the NNRX pump so far adds up to $215 thousand.

Both GNIN and TALK provided opportunities for pump players to make some profit. However, they also crashed horribly and resulted in massive losses for investors who believed the pumpers, and some of the more careless pump players.

NNRX didn’t last quite as long as its predecessors. A slight recovery in the coming days is possible but not very likely, keeping in mind the reputation and track record of the involved parties.