Resource Ventures (OTCMKTS:REVI) Livens Up Again On Massive Pump

Resource Ventures (OTCMKTS:REVI) is one of those companies in the OTC Markets from which serious long-term investors stay away. They are shady, they don’t report to the SEC, they rely on paid promotional campaigns and press releases aiding these campaigns in order to promote their stock, they have bad financials and last but not least their headquarters are located in a residential house located so far from the city that it can be called a summer home.

Their latest promotional campaign has been going with full force since it was started on July 22. The last promotional email that we receive in our inbox was sent just before the start of yesterday’s trade session and judging by the charts the pump worked well.

Earlier this year the stock of REVI livened up after a long period of being idle. This happened in late March when their stock exploded with more than 26 million traded shares and a heightened price which reached to $0.11, a big step up from their previous $0.018. In March the first promotional emails started coming in and the pumpers did their job, lifting the stock from the ground.

Another thing the pump emails did was to draw attention to the stock and a lot of shares were dumped by insiders, which in term led the price to a rapid decline from which it still can’t recover. Since early April the stock of REVI has been scrubbing the floor of the charts showing no visible signs for a recovery.

The stock relies solely on the promotional emails both price-wise and volume-wise. After the bad start of the week for REVI‘s stock with the 18% decline on Monday, which dragged them as low as $0.0039 or about 97% down from the peak earlier this year. The volume was low, which wasn’t something special considering it has been that way since the end of May. That was until yesterday. The new wave of promotional emails did its job and yesterday some insiders were pretty happy with what they got, that’s for sure.

Having in mind that the average volume in which REVI‘s stock is traded is estimated at 125 thousand shares the 28 million that were traded yesterday are a sure sign for dumping of stock. REVI‘s stock gapped up from the previous day, but started dropping in price due to the heavy dumping that took place in the early minutes of the trade session. Nonetheless, REVI‘s stock managed to close 79% up from the previous day with a hefty trade value that amounted to $242 thousand, which is quite a lot for them considering they often close below $500.

However, what is actually hidden behind the hype? For one, the information that is given on their website greatly differs from that listed in the OTC Markets profile. Another thing is that they are reporting according to the alternative reporting standard and their reports aren’t signed by anyone, which means that they can’t be held accountable for the information that is listed.

Furthermore, they claim to be providing printing and graphics services, but are they really capable of doing that? In one of our previous articles we showed you their headquarters and by the looks of it the only way they can house a printing business, that provides the services that they claim is if the house’s basement, alongside the 2 neighboring houses’ basements are joined together to form a printing facility.You can decide how legitimate their business is for yourself, however, even if you decide to do a short-term play be sure to do a lot of due diligence and weigh out all the risks.

While REVI wasn’t one of the biggest winners in dollar volume yesterday Xumanii, Inc. f/k/a Medora Corp. (OTCMKTS:XUII) and Liquidmetal Technologies Inc. (OTCBB:LQMT) were with $35 million and $8.1 million respectively.