Sunpeaks Ventures Up Again as More Mailers Hit

Sunpeaks Ventures SNPK, "America's hottest penny stock," has added another 5.38% to $2.34 during Wednesday's trading session. The stock is being promoted extremely heavily, and more mailers were received yesterday. I received a mailer from "Wall Street Reaper" touting SNPK last night. This is a classic pump and dump, and SNPK, with an absurd market cap of $937.72 million, will surely collapse sooner or later. The company is more or less worthless, but as long as the promotion campaign continues in full effect the name could keep rising in the near-term. As pump and dumps go, SNPK is starting to reach legendary status as the name has surged more than 453% since March 9. Investors and traders interested in learning more about SNPK should read a series of articles written by David Baines in the Vancouver Sun. The first of these articles can be found here. Also, well-known fraud busting site theStreetSweeper.org has written a comprehensive piece on SNPK.