{"id":260,"date":"2013-03-21T08:31:00","date_gmt":"2013-03-21T08:31:00","guid":{"rendered":"\/?p=260"},"modified":"2013-03-25T19:35:11","modified_gmt":"2013-03-25T19:35:11","slug":"resource-ventures-inc-pinkrevi-pumps-keep-stacking-stock-keeps-sliding","status":"publish","type":"post","link":"\/articles\/resource-ventures-inc-pinkrevi-pumps-keep-stacking-stock-keeps-sliding\/","title":{"rendered":"Resource Ventures, Inc. (PINK:REVI) Pumps Keep Stacking, Stock Keeps Sliding"},"content":{"rendered":"

\"0REVI_chart.png\"Yesterday Resource Ventures, Inc. (PINK:REVI<\/a>) took another tumble, closing 17% down – a second red day after the initial promotional emails made REVI<\/a> shoot up 400% on Monday. Pumpers show no signs of letting up, with over a dozen new emails coming through yesterday. <\/p>\n

After the markets closed, promoter Research Driven Investor (RDI) joined the ranks of REVI<\/a> pumpers, sending a tout email in the evening hours. After taking a piggy-back ride on what is possibly the biggest pump job at the moment – the one targeting GOFF and run by Awesome Penny Stocks, and touting GOFF for zero compensation several days ago, RDI is now using this in the REVI<\/a> pump, telling subscribers that this will be a similar case. This time, however, RDI will be bagging $40 thousand for a one-day effort and joining the other paid promoters currently advertising the company.<\/p>\n

We previously examined some of the claims made by pumpers about REVI<\/a>, as well as the fact that the company had zero cash and its $1.5 million in revenue ended up as a mere $25 thousand in net profit. Part of the new tout mails is also the news that REVI<\/a> reportedly canceled 28 million of its common shares and replaced them with 7 million restricted preferred. Of course this is not reflected in a filing yet, as REVI<\/a> is a pink sheet company and filings are sparse.<\/p>\n

\"BYRG_fail.png\"Research Driven Investor has a pretty sordid track record when it comes to running paid pumps. One very recent example is a promotion run by RDI over the weekend and early Monday on Buyer Group International, Inc. (PINK:BYRG<\/a>). That one was an immediate disaster, with the stock sliding downhill, from the Monday open all the way down to its last close of $0.016 per share, or about 80% down in just three sessions. Truly, a stellar pick that landed RDI the usual $40 thousand in compensation.<\/p>\n

Traders would do best to be extra careful with promoted stocks, especially when the cumulative compensation handed out to pumpers is in excess of $150 thousand.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday Resource Ventures, Inc. (PINK:REVI) took another tumble, closing 17% down – a second red day after the initial promotional emails made REVI shoot up 400% on Monday. Pumpers show no signs of letting...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[43,23],"class_list":["post-260","post","type-post","status-publish","format-standard","hentry","category-news","tag-byrg","tag-revi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/260\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}