RJD Greens, Inc. (OTCBB:RJDG) Flattened Below Pre-Pump Prices

Yesterday RDJ Greens, Inc. (OTCBB:RJDG) was pressured almost a quarter in the red despite the fading volume. The stock has now returned below the price levels at which the earliest entrants in the pump could get in, resulting in much greater losses for everyone who bought the hype spikes.

The poor price action of the stock over the last two sessions that shaved a third of RJDG‘s market cap did not hinder pumpers, it seems, as new, funnier email touts were sent out yesterday, after the price slumped by a quarter. Now that it’s impossible to present RJDG as a ‘jackpot opportunity’, as early pumps did, promoters have gone back to the most amusing of tout routes – promising an insane bounce. Insane Pennies disclosed pocketing $50 thousand for their post-session tout yesterday and Gain the Green disclosed $100 thousand.

The ‘bounce’ emails contain the usual promoter mumbo-jumbo about resistance and support levels, all completely inapplicable for a stock that’s targeted by a pump campaign and started trading because of those pumps in the first place. RJDG came up with a new press release yesterday morning but it was mostly an inconsequential one, detailing the past experience of the management of Silex Holdings, Inc. – the entity that underwent a merger with RJDG.

We’ve already covered the company several times and have listed what are probably the most obvious red flags for potential investors and we encourage our readers to review those articles as well. In addition to some parallels between RJDG and February pump disaster Primco Management, Inc. (OTCBB:PMCM), the most glaring issue that still stands is possibly the fact that RJDG still has not filed a report detailing the financial status of the post-merger entity and information about the exact financial status of Silex and their assets and income. 

This sort of information is rather important considering RJDG was a shell with $1 thousand in cash and no revenues from operation since inception just three months ago. On the other hand, it is publicly known that RJDG issued Silex 375 million shares for the acquisition.

Traders are advised to keep their wits about them when bombarded with email pumps for any given stock and do their own research before they put their money into it.