New PR Pushes That Marketing Solution Inc (OTCMKTS:TSTS) Further Up
Yesterday That Marketing Solution Inc (OTCMKTS:TSTS) issued a new press article announcing that they have received Kosher certification for three products. The news proved to be enough to push the stock of the company further 7% up the chart to a close at $0.265. So far the company has registered six consecutive sessions of gains.
The performance is indeed impressive but before you get too excited there are a couple of extremely serious red flags that must be taken into account. After yesterday’s gains TSTS currently commands a market cap of more than $75.1 million. How unrealistic such valuation truly is becomes obvious after a single glance at the numbers found in the financial report filed on July 14:
• $3238 cash
• $74,079 total current assets
• $622 thousand total current liabilities
• ZERO revenues
• $386 thousand net loss
The international order for a large network marketing company in Asia totaling $68 thousand does little to justify the overly-inflated market cap.
The dismal financials are not the only problem around the company though. No, there is also the paid pump for the stock. So far, since February, more than 100 emails touting the ticker have been sent and the number grows almost daily. The latest batch of emails came after the end of yesterday’s session. The involved newsletters disclosed compensations ranging from $5000 bagged by Stock Commander to $6000 for the affiliates of ALG FINANCIAL and $12 thousand for the affiliates of ODD MARKETING.
In order for the pump to be active for such a prolonged period of time some people must really be interested in creating as much artificial hype around TSTS as possible. And those people most likely are the ones who bought 26.8 million shares priced at just $0.001 each. Even if they still own just a portion of that amount the gains they could reap if the shares are unleashed on the market are enormous.
It is extremely important to do your own due diligence before putting any amount of money in the stock. Take into account all of the red flags and plan your trades accordingly.
