Martin Tsvetkov

Sunpeaks Ventures, Inc. (OTC:SNPK) Pumped By a Huge Campaign

by Martin Tsvetkov March 9, 2012
SNPK_chart.gifJust a couple of days after Sunpeaks Ventures, Inc. (OTC:SNPK) cancelled 50 million common shares of its authorized stock, the company has become subject to a heavy pump-and-dump promotional scheme.

Judging from the dozen promotional emails, third parties have invested at least $70 thousand in an effort to push SNPK stock to the limits in the current trading session. Considering how SNPK has been doing for the first thirty minutes of today's session, the attempt might be deemed successful. SNPK has already gained approx. 35% in value and is currently traded at $0.58 per share. The total volume accumulated within that same period already exceeds the 25 million mark.

SNPK_logo.jpgYesterday, SNPK closed at $0.43 per share shifting a staggering 159.9 million shares in turnover. The record volume came hot on the heels of SNPK's cancellation of 50 million shares of common SNPK stock aimed at improving the company's capital structure. In addition, SNPK also announced yesterday that negotiations with an NBA celebrity regarding the company's Clotamin product had now reached the final stage. While no specific name has been disclosed yet, the news might have attracted investors' attention, as well.

Sunpeaks Ventures, Inc. distributes over-the-counter multivitamins to the healthcare industry market. The company finished the fourth calendar quarter of 2011 with:

  • $9,916 in cash;
  • negative working capital in excess of $200 thousand;
  • zero revenue and a quarterly net loss of $23K.

Comments 5

1. Guest
June 01, 2012, 01:10AM

Quotes Who knows they may come back to. Prove you all wrong!

2. Guest
May 19, 2012, 07:32AM

Quotes If you or someone you know have been a victim of this pump and dump scheme, please contact the Securities and Exchange Commission (SEC), fill out the online whistleblower form, and contact the law offices of a financial attorney in your area. Financial compensation may be available in a class action settlement.

3. Guest
April 11, 2012, 12:49PM

Quotes thanks for the "tuyou", this one seems to be made of flubber,

4. Guest
March 14, 2012, 04:54PM

Quotes Smells like dead fish

5. Guest
March 09, 2012, 11:43AM

Quotes Couldn't you replace SNPK with every pink sheet stock?

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