Montalvo Spirits, Inc. (OTCBB:TQLA) Awaits New Trading Below $1 Again

The business of Montalvo Spirits, Inc. (OTCBB:TQLA) may be solid enough, but its stock is prone to corrections and fluctuations. The ticker reached a dollar and 5 cents, but quickly retreated to 95 cents on more than a million shares sold. The last press release came on Thursday, and that was not enough to stem the usual Friday sell-off. Now, with a new trading week looming, TQLA may compensate, as it did on past occasions. TQLA0624.png

The last promotional email was on June 19th, also far enough to let the ticker flounder for a while. The new week will show if promotional and PR efforts will resume. The news are mostly dealing with distribution deals, the bread and butter of a brewery company, and those are going well for TQLA. We are yet to see how this gets reflected in the financial filings, as so far we only have data for the OTC vehicle, a company formerly dealing with cloud computing. The data of the former company are as follows:BBLU0624.png

  • $1,700 cash
  • $421,454 total assets
  • $351,254 total current liabilities

The promoter, Penny Stock Craze, took up TQLA on June 10th, with marker effect on the stock. So far, the pumper has not moved on to a new selection, meaning there may be one more attempt for TQLA, especially as it tries to break over the dollar border and meets with some resistance.

Along with TQLA, another more solid company is getting the benefit of a promotion- Cleantech Transit, Inc. (NASDAQ:CLNO). The ticker is having a winning streak, easily reaching 13 cents after beginning the month at 2 cents. Another recent climber, Blue Earth, Inc. (OTCMKTS:BBLU) reached its peak at $3.75 and sharply corrected, sliding back to 3 dollars.

What the peak for newly introduced TQLA is, nobody knows yet, and the ticker has been moving tentatively. Still, the company potentially has many press releases up its sleeve, and may cause investors’ interest, as it represents the more reasonable business model amid penny stocks.

TQLA has enough potential in its bull run, but it is best to be cautious and be aware of the potential for significant corrections. So far, the gains have been developing more slowly, and the campaign is not too aggressive, which is a positive sign, as it avoids disproportionate climbs.

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