Republic of Texas (PINK:RTXB) is StockLockAndLoad’s Next Promo Pick
It’s February 21 and the new market session has just began. Knowing that Republic of Texas (PINK:RTXB) is StockLockAndLoad’s latest promotional pick, we wasted no time seeing how the pump job is currently going.
Twnty-seven minutes into today’s session, the campaign led by StockLoackAndLoad, StockRockAndRoll, StockBomb, and PennyStockLocks to name but a few is showing a 48% gain in market value. At first sight, this should be enough to justify the $15 thousand dollars given by third party Micro-Cap Consultants for the advertising effort. However, this surge will hardly last long because of the interests of that same third party.
The main reason why penny stock traders resort to promotional measures is their desire to get rid of a stock they do not exactly consider to be the next big thing on the market. More often than not, there is virtually no other way to ramp up the value of this stock. Micro-Cap makes no exception here and you can be certain that the guys up there will short their stakes at the peak of the campaign, which will burn your pockets immediately.
The start of the campaign coincides with the launch of the company’s brand-new e-commerce website. As it is, the company will be using it to sell ‘best quality meals’. RTXB also published its quarterly report for the period ended Dec. 31, 2012 three days ago. Here are the highlights:
- cash: $401
- working capital deficit: $458K
- zero revenue
- net quarterly loss: $105 thousand
- accumulated loss since inception: $1.93 million.
We have yet to see whether RTXB‘s new website will bear any fruit in terms of revenue or end up being a financial bust for the company. The results, however, will not come out until the next quarterly period. What matters now is that the stock is being pumped and you should give it a miss unless you are risk lovers willing to play with fire.
