Awesome Stocks & Co. Pump Trulan Resources Inc (PINK:TRLR) Like There’s No Tomorrow

Barely four days have passed since Trulan Resources Inc (PINK:TRLR) shifted its ticker symbol and the stock has fallen victim to promotional advertising for the umpteenth time. However, in the light of the shady past of Robert Rosner, the company’s CEO, pump jobs never come as a surprise.

As it is, a third party known as Winning Media has paid a whopping $60,000 to Tribeca Investments Ltd. to raise awareness about TRLR by sending out promotional emails to hundreds of investors. Indeed, Tribeca’s affliliates – Awesome Stocks, ChatterBox Stocks, SquawkBox Stocks and Terrific Penny Stocks – have joined forces to bring this campaign to life. Unfortunately, to no avail. TRLR shares started losing ground after the first thirty minutes of trade earlier today. Considering the company’s overall status, however, we kind of expected its stock to flop sooner rather than later.

While Trulan Resources had a completely different business until last September (formerly known as Hire International, Inc., the company seemingly provided HR solutions), it has now opted for the mining industry and exploring for precious metals in particular. The company even acquired a Chilean Iron Gold Platinum property on Feb. 28. Yet, this transaction hardly inspired confidence in us after we did some research on CEO Robert Rosner.

The latter has had a long history with mining projects that never materialized. Besides Trulan Resources, Rosner is currently associated in one way or another with at least five other penny stock companies, namely:

• Lyynks Inc (PINK:LYYN)
• Lexington Energy Services Inc (PINK:LXES)
• Wataire International, Inc. (PINK:WTAR) – STOP-sign bearer
• Acadia Resources Corp. (PINK:GLTEF) – traded on the grey market
• Pinecrest Ventures, Inc. (PCVI) – also traded on the grey market.

If you have a gander at their corporate profiles, you will hardly come across any examples of successful business ventures. If this were not enough, Rosner used to have issues with the Vacouver Court Case way back in 1997 during his tenure as president of Jopec Resources Ltd., a troubled firm which had no significant assets whatsoever, yet it had somehow managed to pay hefty executive salaries and even managed to afford a one-off paid advertising effort. What is more, a trader even called Rosner “a crook”.

On a side note, TRLR must have adopted a lean management approach with regard to its administrative expense and its rental costs in particular. In fact, the company’s premises are shared by two more penny stocks – Rarus Technologies Inc (PINK:RARS) and American Lithium Minerals Inc (PINK:AMLM) – both traded on the sub-penny marketplace.

Even if we were to believe that Rosner might finally be on the right track this time, we simply cannot turn a blind eye to the damage those same promoters (as the ones in charge of the pump on TRLR) have done to other penny stocks in a similar fashion. Last Wednesday, for example, Awesome Stocks launched a $50,000 promotion on Colorado Gold Mines, Inc., f/k/a Cascade Springs Ltd (OTC:CGLD), only to devalue its market price by a staggering 54% over the next two days. Needless to say, Awesome Stocks had the full support of the usual suspects, i.e Tribeca’s other affiliates.