Rimrock Gold Corp (OTCMKTS:RMRK) Drops On Heavy Volume

[[tagnumber 0]][[tagnumber 1]]The stock of Rimrock Gold Corp (OTCMKTS:RMRK) has managed to attract investor attention in the past few months. Unfortunately, it was for all the wrong reasons. Back in March the company was pumped by entities owned by EGM Firm, Inc. who were paid $15 thousand for their efforts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The promotional campaign only managed to push the ticker down the charts and didn’t increase the volume much. However, as the ticker got closer and closer to rock bottom we saw that investors began buying more and more of the company stock. Meanwhile, the fundamentals of the company weren’t very impressive. [[tagnumber 6]]RMRK[[tagnumber 7]] filed its quarterly report for the period ended May 31, 2015 just the other day and it contained the following numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2,224[[tagnumber 13]] [[tagnumber 12]]current assets: $4,583[[tagnumber 13]] [[tagnumber 12]]current liabilities: $433,698[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $74,919[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Apart from the fact that the company isn’t obviously worth much is the massive dilution. Back on August 31, 2014 [[tagnumber 6]]RMRK[[tagnumber 7]] had 37 million outstanding shares out of 1.9 billion authorized. On April 20, 2015 that number had swollen to 110 million and on May 31, 2015 the company had a total of 402 million outstanding common shares.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the speed at which [[tagnumber 6]]RMRK[[tagnumber 7]] is printing shares it might very well reach its authorized count soon. Meanwhile, we saw the company stock make an impressive run in the middle of this month that pushed it to $0.0009 in the end of last week and stood in the first two sessions of this.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while [[tagnumber 6]]RMRK[[tagnumber 7]] is once again touted by entities owned by EGM Firm, Inc. we see that the report that the company filed recently has taken its toll on the ticker. The company stock dropped 22.22% in yesterday’s session and closed at $0.0007 with a total of 227 million traded shares that generated $160 thousand in daily volumes as investors tried to get out on time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Doing your due diligence and weighing out the risks when approaching companies such as [[tagnumber 6]]RMRK[[tagnumber 7]] is absolutely crucial if you don’t want to lose money.[[tagnumber 2]]