Tanaris Power (OTCBB:TPHX) Slumps In Spite OF Pumps
Tanaris Power (OTCBB:TPHX) managed to slice another 26.66% off its market value yesterday, and its rapid descent seems to have continued in today’s trading session.
Another round of paid promotions by infamous pumper FreeSuperStocks has just hit the web, and unsurprisingly it doesn’t seem to have done the trick of halting TPHX‘s descent.
Which is to be expected – after all, we’re talking about paid pumps here and as we all well know, touts afford sudden bursts of volatility, not stability, and when they go sour, they tend to turn very ugly indeed.
And while on the topic of ugly, investors should probably check out the numbers in the company’s latest financial report:
- Cash – $2 thousand
- Total Current Assets – $52 thousand
- Total Current Liabilities – $72 thousand
- NO REVENUES TO DATE
- Net Loss – $13 thousand
As we said in a previous article, there is also controversy surrounding a reverse merger that never occurred and a highly suspicious management team. Add the threat of toxic dilution and share dumping and the picture turns even uglier.
These red flags should be more than enough for investors to make up their mind about TPHX.
