RJD Green, Inc. (OTCBB:RJDG) Tanks Despite Continuing Pumps
Once some pumps start rolling downhill, there’s no amount of pumping that can hold them back or soften their fall. Yesterday RJD Green, Inc. (OTCBB:RJDG) crashed another 22% to reach a close of $0.10 per share on heavy share volume.
We first covered RJDG when the expensive pump campaign for the stock kicked in last week, and kept following its movement in a series of articles that aimed to warn investors of the potential dangers related to investing in the stock. In light of the price movement of RJDG over the past five sessions, it appears our concerns were justified.
The initial round of touts was rather expensive with compensations reaching $200 thousand disclosed by the Bull Exchange. This bumped the dead stock into active trading, combined with the precision timing of RJDG‘s press releases that coincided with the pump.
Sadly, there are still no signs of publicly available and rather important financial information about the merger RJDG underwent with a certain Silex Holdings, Inc. According to promoters this very merger was supposed to send the stock of the former shell sky high. It seems not enough traders bought the story, considering they still don’t know what financial resources and revenue streams Silex brought into the shell. RJDG‘s own financial situation before the merger was anything but rosy – the company had $1 thousand in cash and no revenues from operations ever generated.
The whole one-two-three combo of doing a forward split before active trading, changing managers and then getting pumped didn’t work out too well this time around, and the couple of dozen email pumps from the last two days promising a huge bounce fell on deaf ears as RJDG tanked further.
RJDG stock is currently yet another 22% down in early trading.
Other stocks that slipped yesterday include Inova Technology, Inc. (OTCMKTS:INVA) who slumped a whopping 58% in the last session and are currently another 15% down in today’s session. Fresh-out-the-oven pump Sitoa Global, Inc. (OTCMKTS:STOA) also crashed 42% yesterday and closed the session under half a cent a share.
