Trulan Resources, Inc. (OTCMKTS:TRLR) Refuses to Go Under
There are some pump jobs that simply won’t come to an end, no matter how dismal the price performance of the pumped stock is. One such example is the three-month-long paid promotion for Trulan Resources, Inc. (OTCMKTS:TRLR) that keeps going on and on.
Taking a brief look back in time, we can see the pumps for TRLR starting as early as February 2013, when the company was still trading under the TLAN ticker. The early pump round had very little effect on the stock’s price and TRLR saw some real action in March. Sadly, it was a red streak that sent the stock crashing. Promoters remained unfazed by the sliding price and kept sending their tout emails. Despite their best efforts, TRLR kept slipping despite the volume generated by the pumps.
Yesterday the company came up with an early-morning press release to announce that sampling results from their Chilean project indicated the ore deposits are choke-full of expensive rare metals. When traders saw the company’s projections for $2.6 billion worth of platinum, it was no wonder TRLR opened with a gap up and closed the day 40% in the green.
Naturally, the move was assisted with a well-timed new volley of pump emails. Over 20 new email pumps ticked into subscribers’ inboxes, compensated with varying amounts of money. The biggest bagger was Stock Mister, with $25 thousand received. Stock Mister is also handing out money to the slew of smaller promoters that touted TRLR yesterday, appearing in their disclaimers. Sadly, Stock Mister also stated that a new pick was coming tomorrow, so the promo push for TRLR is going to be a really short lived one.
On the financial side of things, TRLR hasn’t got any better over the first quarter of 2013. The company published its quarterly two weeks ago and according to that, TRLR has a total of $374 in cash to account for all of its current assets. The report also shows that TRLR pumped out 45 million new shares, to settle a convertible note issued for $4,500. This effectively means that a noteholder received the 45 million shares at $0.0001 per share. This is a factor traders will probably want to know before making an investment decision.
Considering the short duration announced in the disclaimers of the latest round of touts, TRLR‘s future price movement is anything but certain. Traders are advised to do their own due diligence before making an investment in any stock and keep in mind any stock promotion increases the inherently high volatility of penny stocks.