{"id":253,"date":"2013-03-22T07:12:00","date_gmt":"2013-03-22T07:12:00","guid":{"rendered":"\/?p=253"},"modified":"2013-03-25T19:35:10","modified_gmt":"2013-03-25T19:35:10","slug":"pumps-for-resource-ventures-inc-pinkrevi-manage-to-balance-it-out","status":"publish","type":"post","link":"\/articles\/pumps-for-resource-ventures-inc-pinkrevi-manage-to-balance-it-out\/","title":{"rendered":"Pumps for Resource Ventures, Inc. (PINK:REVI) Manage to Balance It Out"},"content":{"rendered":"

\"6REVI_chart.png\"Yesterday Resource Ventures, Inc. (PINK:REVI<\/a>) spent most of the session under their previous close but the stock managed to claw its way back to $0.105 per share, closing the day flat. The pump campaign for REVI<\/a> is doing its best to keep the price afloat, with another ten emails sent yesterday. <\/p>\n

The total number of promo mails sent for REVI<\/a> to date is 55, accumulated within just four short days. The newest touts come from mostly the same promoters and advertise the continuing PR campaign of REVI<\/a> and the two rapid-fire press releases issued yesterday. One announcement was about a bid placed on an oil concession in Africa through a subsidiary, the other was about the same subsidiary signing a preliminary letter of intent regarding the purchase of solar power generation facilities in Slovakia.<\/p>\n

The preliminary deal for the solar facilities is valued at $11.6 million, but payment will be toned down to $3.6 million, as $8 million of debt will be assumed. Even if REVI<\/a> had the cash to clear the deal without issuing a ton of new shares, traders may be wondering just how lucrative the solar complex is if it has generated $8 million of debt for its current owner.<\/p>\n

Here is the brief rundown of REVI<\/a>‘s consolidated balance sheet as of December 2012:<\/p>\n