Rounder, Inc. (PINK:RNDR) spiked yesterday after announcing it would be available on Facebook in March. There are, however, some worrying details about the company.
RNDR closed up 216.67% at $0.76 per share. The volume was also close to the all time high for RNDR, reaching nearly 810 thousand shares.
RNDR is focused on online gaming, and the announced availability in Facebook could be a big step for the company, but there are some factors that must not be overlooked by traders and potential investors.[BANNER]
For starters, a current Director and former CEO of RNDR is a John D. Stanton, who has something of a reputation in Pink Sheets. Mr. Stanton has been involved in a large number of companies who have several things in common:
- a lot of positive press releases
- huge price spikes
- even bigger drops after that
- little to no information about operations
- a lot of people losing money on them
There is no guarantee RNDR will follow the fate of Stanton’s other endeavours, but there does seem to be a suspicious similarity between all companies he’s involved in. Traders should approach any company with caution and do the due diligence; even more so when Mr. Stanton has anything to do with it.
