Resource Ventures, Inc. (OTCMKTS:REVI) Awaits Directions After Small-Scale Pump

Resource Ventures, Inc. (OTCMKTS:REVI) will face a decision day this Monday, as last week ended on a buying note, caused by a paid promotion. The shares of REVI have fallen to a valley after the initial days of the promotion started at the end of March. Then, REVI visited 12 cents shortly, but slid on decreased interest as investors’ interest waned.

Without the reminder of a new pump, REVI may not perform so cheerfully. The main effort of the pumpers last Friday was to announce a “power hour”, an email late in the day’s trading, which caused a spike in activity. The author of this call is Wall Street Report, which tried to revive the ticker for a compensation of $30,000.

The first pumps for REVI pulled the company out of a period of near-inactivity, but were over all too soon, leaving others to hope for a true rebounce, which turned out nothing more than a dead cat bounce, as easily seen from the graph. Also, the company is lagging behind with press releases, which are usually a big source of investors’ interest. The last message is from last Thursday, with minor developments on a preliminary plan to build a solar power station.

It’s still unknown how fit REVI is for big projects, given that its financial filings reveal:

• zero cash

• $246 thousand current liabilities

• $25 thousand yearly net income

But given the tentative language of the agreement, and that authorities’ approval is still needed, a long time may pass before starting actual construction work. Given that the current energy business is a shift in focus, and the company tried its hand at printing and the travel industry, REVI may forge a new identity before it completes the bold solar project.

The Wall Street Report was the most active pumper at the end of last week, sending reminders beginning last Wednesday, and the effect is easily seen in the increasing buying volume. The price increase, however, has been modest, despite the other promoters that spread the word, among them 007 Stock Chat, Monster Trading Alerts and others. The Wall Street Report has a habit of trying to make defunct stocks rebounce. One of its plays was Crown Marketing (OTCMKTS:CWNM), a long-promoted ticker that tried to ride the medical marijuana hype. The ticker jumped significantly on the first days of the promotion, but also suffered sharp corrections and failed to make a stable trend. 

REVI has been one of the most active promotions in the past weeks, and although the initial crash was significant, there is still plenty of room at the bottom, and REVI could fall through below a penny, or even to triple-zero prices. While a minor rebounce is possible, it is best to stay away from REVI unless you can afford to lose your investment in whole or in part.