Rainbow International (RNBI) Replaces Pingify (PGFY)

Right on the heels of the Pingify International Inc. (PGFY) suspension, AwesomePennyStocks, via their www.pennystocks.com site, are pumping Rainbow International, Corp. (RNBI), calling it “The medical ‘marijuana’ stock of the year.”  Shares of RNBI stock burst out the gate at the bell with the typical “day one” dip that the hunted promoters were prone to doing on nearly all of their campaigns before becoming the #1 target of the SEC fraud squad.  With little to go on except a newly loaded website and hints of what Donald Corn intends to do in the cannabidiol (“CBD”) market, knowing that the pumping power of years past has dissipated to blips rather than blasts, avoiding another “Corn”holing like what happened to those bagged with PGFY stock makes for a much less stressful way to head into Thursday.

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Market Cap: 50.46M
Last: 0.1845 ▲ +0.0495 (+36.67%)
Volume: 8,523,378
Dollar Volume: $1,299,136
Open: 0.1545
High: 0.19
Low: 0.09
Trades: 999
14-Day RSI:
1st Resistance Point: 0.2197
1st Support Level: 0.1197

There is pretty much nothing tangible to go on when it comes to Rainbow International except for the recent flipping of the insiders and the promise of building a budding empire in the marijuana industry from CBD-related products and profitable CBD market niches. Looking much like APS’ old pump GOFF when the sole directorship was changed just days prior to the alerts being issued (because the CEO was arrested on conspiracy to murder charges), the switch over behind the scenes of RNBI was almost too good to be true.

The initial 8K filed on May 5th showed that, on May 1, 2014, Aslan Ozer and Lucia Ozer agreed to retire the 192,000,000 common shares representing 100% of the common shares they held which would have made for just 81,475,200 common shares of RNBI stock issued and outstanding. That was quickly corrected last week when Lucia Ozer agreed to retire the 112,000,000 common shares of RNBI stock she held making 161,475,200 common shares and 5,000,000 Series A preferred shares issued and outstanding of which Donald Perks, the former officer and director of the company and the majority shareholder, sold 57,475,200 shares to Donald Corn for $25,000.

It’s a good thing that Rainbow International did a 400-for-1 split last July because the promise to grow its own CBDs from hemp crops produced on contracted farming acreage along Colorado’s Front Range is sure to bring in the dumb money to buy soon-to-be-suspended shares of RNBI stock. The alerts APS’ pennystocks.com issued last night state how

We always wondered what would happen is APS alerted on a marijuana stock.  If you believed it when Mike Statler said PGFY shares were going to break $2, you have to trust the biblical words of Allan Trustein when he says:

Before the end of the month this puppy could very well be trading at over a dollar, and if you’re not holding a large position by then I suppose you will hate yourself forever.

Makes sense, right? I mean, do you thing the bagholders of PGFY stock are hating themselves after the SEC suspended it yesterday? They will be able to sell out with a loss of only around -80% or so in a couple of weeks when it comes back on the Grey Market.

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About RNBI Stock

Rainbow International, Corp. is a development stage company that intends to focus on investing in the commercial production of hemp cannabidiol (“CBD”), investing in CBD-related products and profitable CBD market niches.

Click here to view the SEC filings for RNBI.
Click here to view the website for Rainbow International.

Authorized: 700,000,000
Issued and Outstanding: 161,475,200
Donald Corn, Sole Director: 57,475,200

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
05/14/14 0.1545 0.1900 0.0900 0.1845 +0.0495 +36.67% 8,523,378
05/13/14 0.1300 0.1400 0.1300 0.1350 +0.0050 +3.85% 73,600
05/12/14 0.1390 0.1390 0.1150 0.1300 -0.0100 -7.14% 175,700
05/09/14 0.1300 0.1500 0.1100 0.1400 +0.0100 +7.69% 277,000
05/08/14 0.2010 0.2010 0.1250 0.1300 +0.0010 +0.78% 1,635,700

 

Bottom Line:

The days of these HUGE penny stock promotions are over. TheBullExchange, StockMarketAuthority, BestDamnPennyStocks and AwesomePennyStocks all had their time prior to the increased scrutiny by the SEC which started last summer. The gains for RNBI stock were grabbed yesterday in advance of the increased risk now that APS’ pennystocks.com has made it official. One may be able to take one’s chances at flipping into some volume, but chances are, no one with a brain cell will be bold enough to hold RNBI over the weekend.

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