Red Giant Entertainment, Inc. (PINK:REDG) In Free Fall Mode

Yesterday Red Giant Entertainment, Inc. (PINK:REDG) tripped and fell another 34% to a close of $0.054 at the bell. The announcement of the company’s grand plans for the future seem to have left investors cold.

The company came up with news for plans to circulate 52 million paper comic books per year, distributed for free and filled with advertisements. The news was backed with more pump emails from offshore promoter Victory Mark Corp. LTD through its outlets Select Penny Stocks and Penny Stock Heroes. Today the tout mails are curiously missing, the promoters having a hard time telling subscribers what a great success REDG is going to be considering the crashing stock.

REDG stock, recently demoted on the OTCBB and moved down to the Pink sheet tier, lost 40% in just the last two trading sessions. We have been covering the pump job from the start and warning investors about the various red flags around the company. Hopefully, our readers managed to avoid a possible nasty burn, buying on the days REDG climbed and peaked at $0.20, as it’s currently almost 75% down from those values.

The pump may have run its course and done very poorly, considering an undisclosed third party poured $500,000 into promoting the stock. Disappointment was looming from the day the promo campaign began, considering how the last two picks of the promoter fared. Victory Mark touted PubCrawl Holdings, Inc. (OTC:PBCW) and VuMee, Inc. (OTC:VUME) – two of the most notable pump disasters of the last few months that are both about 90% down from the spikes charted during the promotions.

REDG is currently 7% down in early trading.