Nano Labs Corp. (OTC:CTLE) Propped by a $650,000 Pump Job

Yesterday Nano Labs Corp. (OTC:CTLE) closed 11% up and reached $0.81 per share. The reason for this may be yet another pump of the company that surfaced, run by TheAmericanSignal dot com.

The pump job in question has little to do with the other, smaller pumps run by Stock Traders Academy over the weekend. TheAmericanSignal dot com (TAS) have currently formatted their entire website as one huge advertisement for CTLE stock. The pump touts CTLE and their supposed nanotech in anindustry that the company has no proven experience in.

The website ad’s formatting looks suspiciously like that of a printed paper mailer, which would also justify the tremendous compensation TSA received for their effort. A third party paid TSA $650 thousand for the ad campaign – a sum that can easily include the printing and dissemination of a paper mailer leaflet ad.

For everyone who doesn’t want to scan through the whole thing, here is a screenshot from the disclaimer section. In addition to detailing the compensation money, it also includes words such as “mailing and other distribution expenses”, “any opinion contained… is neither unbiased nor independent”.

If anyone still has a taste for trading CTLE after seeing this, here is how the company was doing financially as of the date of their latest official report for the quarter ended September 2012:

• ZERO assets
• $209 thousand total current liabilities
• ZERO revenues
• $11 thousand net loss

As of November 6 this year the company consisted of and was run by two people, one of whom was engaged on a part-time basis. One of them also received over 100 million CTLE shares for bringing his supposed nanotech to the company. The company was formerly known as Colorado Ceramic Tile, hence the ticker CTLE, but failed to generate revenue in this form. Currently, CTLE‘s market cap is $165 million dollars – a number inflated beyond proportion, against what the company has and how it has performed so far.

CTLE may well continue to trade heavily in case the paper mailer scenario did happen but traders are advised to be very very careful with this one. With a promo campaign worth $650 thousand, there is virtually no chance this will hold out for long before crashing horribly.