Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) Moves up Fueled by Hype
It seems Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) will be getting its second surge, after all. It’s not clear how long that will last.
NNRX is up in early trading again with the price moving around $0.59. It closed up 20.44% at $0.542 per share last Friday when the volume reached 1.4 million shares.
As mentioned in previous articles NNRX has an ongoing pump job, carried out by the newsletters of ECA Group: Investors Alliance, Traders Insight, National Traders Association, and Dividend Seeker. The same outfit pumped Green Innovations Ltd (OTCBB:GNIN) and iTalk, Inc. (OTCBB:TALK) earlier this year.
In addition to the tout emails sent by the pumpers, NNRX contributes to its own hype-driven ascent by issuing a lot of optimistic press releases. The latest one suggests the company is developing new products for a Philippines-based direct distribution company, Unlimited Network of Opportunities International Corporation (UNO).
Those who are coming across NNRX now, should keep in mind that both GNIN and TALK were legitimate businesses but never delivered the performance suggested by the pumpers. Both stocks are trading about 90% lower than the highs during the pumps.