Nutranomics, Inc. f/k/a Buka Ventures Inc (OTCBB:NNRX) Quarterly Due Date Closing

2NNRX_chart.pngDespite all the red flags around Nutranomics, Inc. f/k/a Buka Ventures Inc (OTCBB:NNRX) and the two horrible crashes, there may still be some people looking at it as an investment idea. The due date for the quarterly report is closing in, and the filing may be enough to open some eyes.

The faith in NNRX is shaken as it is, but for almost every pumped stock on the market there are some hardened believers whose trading decisions are dictated by emotions. Yesterday was one of the painful sessions for NNRX believers. The stock lost another 13.33% and closed at $0.52 per share. On the bright side, it didn’t close at the low of $0.46.

The drop came despite the company’s fluff press release about a purchase order. That shouldn’t come as a great surprise, though. When your stock crashes more than 50% in a single session and you spew out some optimistic announcement, instead of addressing the disastrous market performance, shareholder confidence is certain to take a hit.

We had our suspicions NNRX would be a pump job from day one, and we’ve been trying to warn our readers of the risks ever since.

Although Awesome Penny Stocks and their affiliates went out of business, there are still plenty of pumps which can cost novice investors huge chunks of their money. Those investors may be particularly vulnerable to pump jobs on companies like NNRX which seem to have actual running operations and generate revenue, unlike obvious catastrophes waiting to happen like Makism 3D Corp (OTCBB:MDDD).

53GNIN.pngWhile operations and revenues are very important factors in evaluating a company as a potential investment, they are simply not enough. Green Innovations, Ltd. (OTCBB:GNIN) is a prime example of what can happen in such cases. It’s worth remembering that the newsletters which were used in the GNIN pump were also used in the beginning of the NNRX promotion.

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