Red Giant Entertainment, Inc. (PINK:REDG) Completely Abandoned by Pumpers

73REDG_chart.pngBeing left out in the cold is never a pleasant feeling. This however must be how shareholders of Red Giant Entertainment, Inc. (PINK:REDG) must feel, now that the company has been abandoned by pumpers for two days in a row, slipping effortlessly to new lows and failing to find a bottom.

The $500 thousand pump for REDG never retraced after a tremendous crash last Thursday, that ate 55% of the company’s market cap, along with a whole lot of hopeful investors’ dollars. Victory Mark Corp. LTD, the offshore promoters who pumped REDG, have gone completely silent with no new emails coming through since March 12.

Greedier investors who love making a few quick bucks on the backs of the more gullible ones seem to be in for a nasty surprise too. Traders fully aware of the pumped nature of REDG who expected the stock to catch its second wind after the first crash, as if often happens with such super-expensive pumps, may very likely get a nasty burn as well, as REDG has been going nowhere but down.

The company eased off on the press release front as well, with the latest bit of news coming just after the pumps ended. The company touted a very special publishing deal with Active Media Printing, supposed to save millions due to the exclusive ‘near-cost’ publishing and shipping offer. Investor message boards show that traders seem to have caught up with the fact that Active Media was founded and is being run by Mr. Benny Powell, REDG‘s CEO, who virtually hired himself.

5PBCW_fail.pngREDG closed another 31% down yesterday, squished about 85% down from the early pump spike of $.20 per share. The ugly crashes may come as no surprise to those monitoring the performance of the pumper outfits touting the stock. The last two Penny Stock Heroes and Select Penny Stocks pumps have turned out to be complete disasters. The earlier one was PubCrawl Holdings, Inc. (OTC:PBCW) that experienced an equally brief surge followed by a spectacular crash, which never really went back up. Only a month after the pumpers helped many traders lose many dollars, they came back with another pump fiasco – VuMee, Inc. (OTC:VUME). We followed and covered both those pump jobs as well.

9VUME_fail.pngBy the looks of things REDG is well on its way to become the third pump from the same promoters to have gone terribly wrong. We have been warning readers about the red flags around the company for quite some time. Hopefully, our readers managed to avoid a nasty blow to their wallet. Do your own research and due diligence and never trade on paid recommendations, especially when the compensation dished out to promote a given stock is so large.

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