Raven Gold Corp. (RVNG)

[rbtree]

Some DD from nodummy on what has to rank as one of the worst pump and dumps in memory

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66085257



Stock Rock & Roll is running another pump & dump on another dead shell this morning - RVNG using an email spam campaign to attract buyers.




RVNG quickly peaked almost immediately after the open at $.06/share (up over 2000%) before the dumping started leaving investors only a very tiny window to profit. It has since settled back down under $.02/share and may still be dropping.

My guess is that stockrockandroll probably front loads buying up lots of cheap shares in these relatively dead shells with low floats. Then they put out an email alert which brings in lots of buyers creating price gains as much as 1000% - 5000% or more. Then they sell into their followers for huge profits causing the stock price to quickly plummet back down.

Sounds pretty illegal to me if that is what is happening.

541,050 shares of RVNG traded on 6/30/11. Could that have been somebody front loading for today's pump & dump?


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RVNG is a company with extraordinarily high debts, almost no cash assets, and no revenues.

They are a defaulted Nevada business entity

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=zWHawzcNFtMFOrN4KSuuCg%253d%253d&nt7=0

Listed on the OTC as pink sheets - No Information