For those who didn’t learn their lesson when we said to sell Independence Energy Corp. (IDNGD) when they were still IDNG, read this carefully. Green Energy Renewable Solutions Inc. (EWRL) announced that they are giving away 1 free share for every share you own as of the close of trading Friday. After just their 2nd trading session in penny stock land, EWRL stock price dropped -43.21% from their HOD, 0.81, to close at 0.46 on volume of 3,556,642 shares. Fool you once, shame on you, fool you twice, you’re an idiot.
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EWRL Stock Chart
Previous Close: 0.65
High/Low: 0.81 / 0.45
Change: -0.19 (-29.23%)
The news of the stock dividend was issued around dinner time on the east coast. As is the case with all stock splits, a “D” will be placed on the ticker symbol for 20 days to indicate a change has taken place. In this case, the “D” stands for dumb because you should have sold the shares so you didn’t get stuck holding a wet turd in a cloth napkin for 20 days. On the 21st trading day, the “D” will be removed back to the original symbol, EWRL as will most likely the share price, 0.14 or lower.
About EWRL Stock
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels.
Bottom Line: The penny stock pump and dump of Green Energy Renewable Solutions (EWRL) is going just as we had forecast. Buy it on Tuesday, Sell it on Wednesday because it doesn’t have the energy to run long. Sign the same agreement that EWRL did with Disposal Specialties: dispose of the stock before it disposes you of any more capital.
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