SNPK: Investors in the Penny Stock are going to need Clotamin Soon

The penny stock that shocked investors on every exchange last week, Sunpeaks Ventures, Inc. (OTCBB:SNPK) has been coming out with every excuse in the book for why it hasn’t performed as well as it appeared. SNPK announced on Friday that a special outside counsel is looking into the high volume of trading and price increase in the company’s common stock which trades on the OTC Bulletin Board exchange.

The investigation should not be hard to start as shares in Sunpeaks Ventures had never traded prior to March 8th. The stock traded over $100 million in less than four hours. The investigation into the price increase is somewhat of a waste of time since there wasn’t an increase of more than 50%.

Penny stock traders salivated to get their hands on the stock when they saw SNPK lead all the stocks traded on the OTC that day. However, once the shares got into the hands individual investors, volume simultaneously dropped dramatically.

On Friday when the share could not move up or down more than 2 cents, volume increased just after noon and the trades mirrored the first day SNPK traded except in the opposite direction. Less than 6 million shares had traded as of mid-day Friday, yet the stock closed down considerably with volume of over 30 million shares traded.

Having issued several statements of having no affiliation with the internet newsletters being circulated about the future price of the stock, SNPK is now being investigated which could mean that those investors holding shares will never get a chance to liquidate them. Truly, SNPK has painted a nasty image of what penny stocks can be like.

The NBA’s Charlotte Bobcats have been absolutely humiliating this season. Each and every game has just been one bad joke after another. With a record of 4 wins and 31 losses, the Bobcats are nothing short of the NBA’s stand-up comedy act. However one of the worst jokes is about to be revealed and will not have many people laughing.

The coach of the NBA’s worst team, Paul Silas, may have landed himself in a bucket of boiling water when he accepted the invitation to be the spokesperson for an over the counter medicine called Clotamin. The drug may be one of those miracles in a bottle that come out every year but the company who owns the over the counter drug is under a tentative agreement to be acquired by a penny stock which is under investigation.

Sunpeaks Ventures, Inc. (OTCQB: SNPK) signed a letter of agreement to acquire 100% of Healthcare Distribution Specialists, LLC a few weeks ago with no indication of when the deal would be complete. They since used that acquisition news to propel themselves into the spotlight having had their penny shares trade an insane amount of volume the first day the stock was made available last week.

After coming onto the penny stock scene having traded nearly 160 million shares in a few hours and gaining a whopping 2 percent, trading on the penny stock normalized to respectable levels until Friday afternoon when the volume of shares traded became abnormally high again.

It may all be a publicity stunt to gain investor’s attention. Preliminary indications by the investigators looking into the penny stock are that the recent trading activity had been conducted by persons unknown to the current management.


***Reminder: never chase stocks that gap at the open and always protect your profits!

Good luck in making the Best Penny Stock picks.

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