Root9b Technologies Inc (OTCMKTS:RTNB) Gains Even More Ground

[[tagnumber 0]][[tagnumber 1]]The stock of Root9b Technologies Inc (OTCMKTS:RTNB) had a great run in May that led it to the footsteps of the $2.5 per share mark by the middle of the month. The second half wasn’t so generous to the ticker and pushed it below $2 by the end of the month, before [[tagnumber 2]]RTNB[[tagnumber 3]] finally began to stabilize.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]That was, however, until some people decided that they can profit from the stock dropping even further down the charts and were ready to go to great lengths to achieve this. An anonymous blogger that goes by the name “The Pump Stopper” decided to issue a lengthy piece bashing [[tagnumber 2]]RTNB[[tagnumber 3]] that was filled with many factual mistakes and inaccuracies as the company wrote in a statement earlier this month.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]It was clear that the [[tagnumber 14]]“author”[[tagnumber 15]] was shorting [[tagnumber 2]]RTNB[[tagnumber 3]] stock as he made some pretty ridiculous conclusions. One prime example is calling [[tagnumber 2]]RTNB[[tagnumber 3]] a “public shell” when the company is clearly doing very well year–over–year.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 23]] [[tagnumber 24]]cash: $5 million[[tagnumber 25]] [[tagnumber 24]]current assets: $23.4 million[[tagnumber 25]] [[tagnumber 24]]current liabilities: $17.5 million[[tagnumber 25]] [[tagnumber 24]]quarterly revenues: $9.5 million[[tagnumber 25]] [[tagnumber 24]]quarterly operating loss: $2.7 million[[tagnumber 25]] [[tagnumber 34]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Still, some gullible investors apparently believed the things that “[[tagnumber 14]]The Pump Stopper[[tagnumber 15]]” listed as [[tagnumber 14]]“facts”[[tagnumber 15]] in his [[tagnumber 14]]“article”[[tagnumber 15]] and [[tagnumber 2]]RTNB[[tagnumber 3]] suffered the consequences, nearly dropping below the $1 per share mark in the beginning of last week, recording massive volumes.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]And despite the doubtful allegations we saw many law firms that jumped in an began investigations and filing class action lawsuits in the hopes of finding someone willing to sue [[tagnumber 2]]RTNB.[[tagnumber 3]] In other words – the vultures came looking for carrion which they might very well not find.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Still, with all the class action lawsuit press releases we saw [[tagnumber 2]]RTNB[[tagnumber 3]] regain value in the second half of the week. Without any side help we saw the ticker lift itself and climb 14.71% on Wednesday, another 3.42% on Thursday and a further 8.26% in Friday’s session, finishing the week with a price of $1.31 per share.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]So far, [[tagnumber 2]]RTNB[[tagnumber 3]] is staying leveled in the first 15 minutes of today’s trading. In any case, you should be sure to do your own due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]