Barely two weeks have passed Regency Resources, Inc. (OTC:RSRS) resumed trading after a four-year absence from the charts and RSRS stock has now become a top promotional favourite. Dozens of promoters have been flooding investors’ mailboxes for the last couple of days or so introducing RSRS stock to their attention. Has this strategy borne any fruit, though?
As it is, the first leg of the campaign, which commenced on Tuesday evening, proved fairly successful as RSRS gained 12% on Wednesday shifting in excess of 3.25 million shares of common stock within the trading session. By contrast, the second leg did not live up to expectations since RSRS slumped by 20% yesterday coming in at $0.98 per share on a volume of 2.45 million.
So, if you hoped to reap any benefits out of the massive pump and dump campaign of RSRS stock, it might already be too late to do so. Nevertheless, the company will most probably continue to fall under the promotional spotlight now that it is on the verge of merging with Digitally Distributed Acquisition Corporation seeking a way to build a lucrative media business.
