Terra Inventions Corp (OTC:TERX) Recharge Their Batteries and Try Again

On February 14 Stock Mister started pumping Terra Inventions Corp (OTC:TERX). The promotion didn’t really boost the price all that much, but it did gain a little. The next few sessions saw TERX fluctuating up and down a bit but, on the whole, it’s been performing rather steadily.

Then, on February 18, we received another email, this time from Stock Stars in another attempt to artificially increase the prices. That didn’t work out as well and TERX continued to hover around the $0.30 per share mark.

Apparently, the people who are paying for these promotions are not happy with the way things are going and they initiated a third pump in just a couple of weeks. This time it’s Email Stock Picks who are touting TERX, but will it be third time lucky?

There are a couple of reasons why TERX‘s shares shouldn’t become more expensive. For one, TERX have a pretty woeful-looking financial statement. They keep telling us how they are electric vehicle pioneers and how they have been at it for years, but the simple fact of the matter is, if you want to create a completely new way of propulsion for cars and bikes, you will need to have a lot of money. As we showed you in our previous articles, they don’t:

• cash: $44
• current assets: $4 thousand
• current liabilities: $2 million
• no revenue
• net loss for the last reported quarter: $39 thousand

We also can’t help but thinking that TERX‘s management team are hiding something from us – the name and ticker symbol are changed every now and then, we found articles stating that they have been investigated by SEC for fraudulent schemes and while a couple of years ago they were generating revenues, they are now forced to fill their financial statements with zeros.

Their shareholders have been tormented for years as well. There have been a number of stock splits and dilution so massive, it could make your head spin. This means that the people who once trusted them have lost nearly all of their money and while three years ago TERX was traded at around $100 per share, it is now struggling to break $0.30.

Nevertheless, the hype continues and TERX are also willing to join in. They issued a press-release a couple of days ago, which, Email Stock Picks say, is huge news. We got intrigued and we checked it out. It turned out that TERX have signed a licensing agreement with a Canadian company called Lithium Electric Vehicle Corporation. We were quite sure that we have heard that name before and it turned out that we were right. The last time we saw it was, in fact, when we were reading through TERX‘s old financial reports. The same contract was signed back in 2010 and it was supposed to provide TERX with an easier way of selling their cars around the world. Things didn’t really take off, though. Lithium Electric Vehicle Corporation were not able to pay their license fees regularly and TERX didn’t sell any cars. As you’d expect, the agreement was terminated. Why do TERX think that things will be different this time, we don’t know, but we can say that we’re not ready to put our money on the success of this partnership.

If investors think otherwise, though, it could raise the price, which is exactly what ALG Financial want. They are the ones who paid for the awareness campaign and, as we mentioned in our previous articles, they own at least 1.8 million shares of TERX common stock. We’re pretty sure that they are waiting for the right moment to sell them.