Resource Ventures (PINK:REVI) Going Down Despite Promotions

Even though the promotional effort for Resource Ventures (PINK:REVI) is still going the company’s stock prices are starting to drop again. Yesterday at market open the value of their shares started higher than the previous day, however, it dropped to $0.048.

The market opened today and REVI‘s stock prices are continuing to go down in spite of the promotional effort and the increased amount of press releases from their side in the past several days. By now only about 40 minutes from today’s trading session have passed and they have dropped 15% to the $0.040 mark. As they are a company that tells investors it is an emerging independant electrical power production company with international planned operations let’s take a look at their financials from their last annual report to see if they can support their claim.

cash: $0
current liabilities: $246 thousand
yearly net income: $25 thousand

Looking at the financial state of the company doesn’t paint a pretty picture. If they even manage to make a deal with a company for acquisition its going to be a dilution fiasco. They have 92 million outstanding shares, however, their authorized shares are 800 million. Simply imagine what will happen to investors if they wish to acquire a company that produces electricity (definately not cheap) in exchange of shares.

Another thing that should bother people is their headquarters. They don’t even have an office. The corporate headquarters of the company are located on 29032 Bouquet Canyon Road Silverado, CA 92676 and it is a house, (a pretty nice looking house I might add) so far away from the nearest city that even Google’s Street View is unavailable. It leaves ones mind in question if they are going to arrange a pool party, inviting the directors of some electricity production company to discuss their dreamed acquisitions.

The fact is that so far we have seen no actual progress apart from letter’s of intent about acquision of electrical companies and judging by almost every company in OTC Pink things will probably not go further than these LOI’s.

With its current situation the company remains a risk for investors and we advise that you do your research and proceed with caution.