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:
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.
[Edit 2/21/2013] – Here is a chart of GNIN after the dump:
PUNL (Punchline Resources) – click to enlarge
Maximum market cap: $82 million
Free trading shares: 20m (at time of promotion)
IDNG (Independence Energy Corp) — click to enlarge
Maximum market cap: $116 million
Free trading shares: ?? (at time of promotion)