{"id":4570,"date":"2014-05-15T10:12:21","date_gmt":"2014-05-15T10:12:21","guid":{"rendered":"\/?p=4570"},"modified":"2014-05-15T10:21:25","modified_gmt":"2014-05-15T10:21:25","slug":"rainbow-international-corp-otcmktsrnbi-enters-the-hemp-industry-gets-pumped","status":"publish","type":"post","link":"\/articles\/rainbow-international-corp-otcmktsrnbi-enters-the-hemp-industry-gets-pumped\/","title":{"rendered":"Rainbow International Corp (OTCMKTS:RNBI) Enters the Hemp Industry, Gets Pumped"},"content":{"rendered":"

\"RNBI.gif\"About a minute before yesterday’s opening bell, PennyStocks.com, a promotional outfit often referred to as an affiliate of Awesome Penny Stocks, sent out an email saying that you should consider buying Rainbow International Corp (OTCMKTS:RNBI<\/a>) immediately because, they reckon, it could be “the stock play of the century<\/em>“. Really? <\/p>\n

Taking the promoters’ word with a grain of salt might not be a bad call sometimes. After all, the same newsletter was pumping US Tungsten Corp (OTCMKTS:USTU<\/a>) a couple of months ago and it’s fair to say that the campaign didn’t go down that well.<\/p>\n

But let’s take a look at RNBI<\/a> and see if this one will be any different. Not that long ago, the company was a shell and they had the intention of acquiring and developing mining properties. The plan didn’t work out and a couple of weeks ago, a new officer by the name of Donald Corn was put in place, he acquired 84% of the voting rights, and the company officially started working in the booming hemp industry. <\/p>\n

There was no reverse merger as part of the business plan change which means that we can safely rely on the 10-Q covering the period ended February 28. We reckon that the figures speak pretty much for themselves:<\/p>\n