Yesterday, three different promoters again disclosed to be working for the appreciation of Minerco Resources’ stock. Though, this time it looks like either the market has recognized the promotional efforts to blur the mind of hopeful investors, or some share damping successfully took place. The stock tanked throughout the whole day on over 56 million shares traded and closed at $0.0306, or 24.07% down from the previous close.

As disclosed already on Monday, $50,000 have been paid for a one-week advertising contract. In addition, Minerco Resources has been alerted on a website, sending penny stock picks to its subscribers for free, by a contributor named DrDowJones, who is trading himself the stocks he promotes and admits the clear conflict of interests in his disclaimer, saying that his services are often paid using free-trading shares.

The stock stayed at the $0.90 level, until end of last month, when the acquisition of the Hydro-Electric Project “Chiligatoro Hydro-Electric” in Honduras was announced, for which the company will pay with restricted shares of common stock…continue Minerco article here.