Replies to post #1172 on 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

[srm4u]

top percentage gainers from 06/1/07 through 06/08/07

Raven Gold Corp. (RVNG) first hit the radar this week charting in the $1.00 to $1.10 range crushing the average volume of 497,675 for the week. (RVNG) opened today at $1.30 up 17% with a 52 week high of $1.53 with 6,482,044 shares traded

Raven Gold Corp. signed a new La Currita Groupings Joint Venture Agreement with Tara Gold Resources Corp. raising the exploration expenditure commitments from $3.5 million usd to $4.25 million usd on Raven Gold's La Currita project located near Temoris, Chihuahua, Mexico. The company also announced today that Mr. David Michaud has accepted the position of Director for the Company, he has specialized in the operation of large-scale metallurgical concentrators for the past 15 years.

Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries.