Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) Attempts Another Round of Promotions
Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) is making its appearance again, in the usual way- through an email promotion. The otherwise inactive ticker posted the second highest buying volumes in history, above $601,000. TGRO grew by more than 50% on the day, reaching $0.301, thus for now becoming one of the more active oil and gas tickers that, of course, offer a bright future.
MicroCapProfiler1 took up TGRO, showing it did so for share compensation, with the latest email coming in on December 8th, prepping this stock to continue the run after the weekend. Investors’ forums are optimistic, as the company is currently capped at only $12 million, with a bit more than 42 million shares outstanding. But there are few illusions that TGRO is just another short-term alert that will probably downperform in the near future.
Immediately, the latest 10-Q filing shows a truth, that TGRO has only:
- $1.527 cash
- $117,442 total current liabilities
- No revenues
- $3.9 million accumulated loss for 53 months
It is then a wonder how TGRO will manage to invest in three wells in Kansas, shelling out $180,000 for partial ownership in each of them. But as it is easily seen, TGRO hardly needs oil, when it can rise and make profits via paid promotions, as it did at the beginning of 2013. This way, TGRO is just another version of recent climber Formcap Corp. (OTCMKTS:FRMC).
And a few weeks before that, we had First Titan Corp. (OTCBB:FTTN), which rose and sank predictably on the effects of a broad promotional campaign.
We will be tracking TGRO in the new week, as new messages or PR may boost the ticker. But most probably, buying volumes would be much more subdued, and TGRO may go through painful days. The biggest risk is the generally low activity, as TGRO is inactively traded, and investors risk being stuck with unsellable shares.
Unsellable, because none other than Ken Liebscher is at the head of the company as CEO. Mr. Liebscher has been known for other aggressive penny stock promotions, and using penny stock companies as shells to increase the stock price beyond realistic positions, then let it crash.
So far, TGRO has been without a new email for a while, but if it bids for a dense week of trading, a new message is not out of the question. We will be tracking this ticker, but it is best to be aware in advance that TGRO is going nowhere fast- so do your own due diligence and only invest sums that you can afford to lose in the event of sudden reversal.