Green Innovations Ltd (GNIN) pump and dump

It looks like Green Innovations Ltd. (GNIN) is the new Brighton Markets pump and dump (thanks to Tim for the confirmation).. Their last two pumps were PUNL and IDNG. Both offered some nice opportunities for speculators to make money on the long side, but both had truly epic dumps.

Some of the Brighton Markets websites:

WorldStreetFundamentals.com
BrightonMarkets.com
BollingerReport.com
GlobalEquityAlert.com
EquityLeader.com
MarketFoundations.com
BreakoutFinder.net
PennyStockplayerz.com
EquityMarketsinc.net
RisingSunReport.com
nationaltradersassociation.com
dividendseeker.net
investors-alliance.com
tradersinsight.net

 

GNIN (Green Innovations Ltd)
Current market cap: $36 million
Free trading shares owned by seed shareholders: 20m

[Edit 2/10/2013] – This company loves mucking about with their share structure. As of October 1st, 2012, a 20 for 1 forward split became effective and the company’s shares outstanding increased from 5m to 100m. However, the company had already issued 49.5m shares (post split) and canceled 79.5m shares (post-split) in the reverse-merger dated September 26th, 2012. This reduced shares outstanding to 70m, Then 45m of the remaining 70m shares were canceled and replaced with 5m super-voting preferred shares, leaving the company with 25m common and 5m preferred shares outstanding.

gnin

[Edit 2/21/2013] – Here is a chart of GNIN after the dump:

gnin

PUNL (Punchline Resources) – click to enlarge
Maximum market cap: $82 million
Free trading shares: 20m (at time of promotion)

punl

 

IDNG (Independence Energy Corp) — click to enlarge
Maximum market cap: $116 million
Free trading shares: ?? (at time of promotion)

idng

 

 

Disclaimer: I have no position in any stock mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

 

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