Sanborn Resources Ltd (OTCBB:SANB) Recovers After Being Crushed By Pump

Sanborn Resources Ltc (OTCBB:SANB) is one of those companies with whose practice? we simply don’t agree. After failing in the business of trading art pieces they decided that it is time to head for another, seemingly more profitable industry, but so far we haven’t heard any news developments and the only ones talking about the company are the pumpers. This all leads one to question if they have any actual ongoing operations, which is why they have this chart that looks like a rollercoaster.

The stock of SANB was keeping a pattern of movement which was quite disturbing by the similarity in the stock’s movements. The last time it fell, however, the volume of traded stock was so high that they went below their average low line with about ten cents ending up at $0.24 on Wednesday.

There was quite a lot of dumping that took place this week with volumes reaching two, three and even four times their average of 1.1 million shares. The last headline about the company itself is from May 24 and you can’t find anything in the news section of their website either. The stock is relying solely on paid promotions and there are a lot of money flying around, with promoters gettins as much as $3 million.

With the last email sent on August 5 it seems that things started to quiet down and the ticker started yesterday’s session slowly with lower than the usual volumes, which seems to be the cause for the increase in price. The total increase in value for SANB‘s stock yesterday was 29%. As the stock climbed from $0.245 to $0.31, a total of 1.7 million shares switched hands, making the total trade value for the day come at $474 thousand.

Will this be the start of a new ascent for the company’s stock, you might ask. Well, it might or it might not be. At this moment the movements in price are solely based on promotional efforts and on the amount of stock dumped in the streets.

This is because the company doesn’t make any statements and it seems that they are not operating at all. When you add the controversial information about SANB‘s CEO, Mr. James Dale Davidson that you can find on the internet, including a lenghty RipoffReport that accuses him of preferred share dumping of which we spoke in a previous article of ours.

Having all that in mind be sure to do a lot of due diligence and weigh out the risks, because if you blindly jump on this one you might be in for a nasty surprise.

On the other hand the PR team of GRILLiT, Inc. (OTCMKTS:GRLT) that is aiding their promotional campaign is helping their stock gain more and more in price. The promising press releases of new franchised restaurants opening doors has added to the investor interest and after a 89% jump in Wednesday’s session GRLT added 25% more ysterday and closed the day at $3.76 with an amazing high of $5.35 per share that was reached in the last hour of the session.

And we come to Alkaline Water Company Inc (OTCBB:WTER) who seem to be livening up after they were pumped yesterday. However, they managed to add only 10% to their value and are currently traded at $0.550.