Desperate Promo Push for Transfer Technology International Corp. (PINK:TTIN)

Yesterday pumpers rallied for one final push aimed at Transfer Technology International Corp. (PINK:TTIN). Ten new emails were sent out by pumpers, despite the horrible performance of the stock over the last few sessions.

The reason that TTIN‘s stock is in such bad shape in the first place was a round of pumps that started in early April. We covered that effort as well and warned of the dangers involved, then TTIN moved predictably, like most pumps do, crashing long and hard, to arrive at its yesterday’s close, over 60% down from the pump’s peak.

The new volley of promo emails is spearheaded by Penny Stocks VIP, compensated $55 thousand for their attempts to stop TTIN‘s downward slide. A bunch of other promoters are touting TTIN too, including outfits Monster Trading Alerts, Wall Street Report and Hot Stock Ace Publisher, for a total of 10 new emails arriving yesterday. The keyword of the new pumps is ‘bottom bounce’, implying both that TTIN can’t go any lower and that it’s going to move up.

Sadly, TTIN is priced as low as it is because it was pumped in the first place. Pumpers are still sending new touts, unfazed by the horrible performance of the previous attempts to tout the stock. Promoters are now making absurd statements, telling subscribers that “For some reason people aren’t seeing the value of TTIN“. It may be that people are not seeing the value of TTIN because there’s very little of it in the first place. Here is what the company’s last available financial report for the quarter ended September contains:

• $383 in cash
• $2 million in current liabilities
• $10 thousand in quarterly revenue, $8 thousand in net loss
• $48 million in accumulated deficit

In addition to those dizzying financials, TTIN‘s outstanding common shares have gone up from the 877 thousand reported in their last filing to 887 million as per their OTCMarkets profile page.

The promoters at Penny Stocks VIP have come up with picks that failed horribly in the past. One recent nightmare of a pump they pulled off was a promo targeting Mobile Integrated Systems, Inc. (PINK:MIBI). MIBI stock was flattened about 55% from the spike of the pump, to arrive at yesterday’s close of $0.11.

Cheap penny stocks presented in a lucrative light by paid promoters may turn into a sticky situation for eager buyers. Traders are advised to do their own due diligence and be very careful with pumped stocks.