Terra Inventions Corp (OTC:TERX)’s Pump is Stuck in Neutral
It’s been a couple of weeks now since the pump for Terra Inventions Corp (OTC:TERX) started. The effect on the price of the stock is negligible and the people who continue to spend money on paid newsletters are probably getting quite agitated.
Who are these people? We mentioned that the third party financing the not-so-successful pump is a company called ALG Financial LLC, who were featured in an 8-K form filed by TERX back on February 1. In there we were able to see that ALG have been given 1.8 million shares TERX common stock as a settlement for debt. Apparently they are quite eager to get rid of those shares since, at least according to our database, they have spent a total of $35,000 for the February promotional effort. Having in mind that this considerable amount was blown on the pump, they are probably not too happy with the way things are going.
And when we looked at today’s email, things are definitely not brightening up. PennyStockMarketBulls (PSMB) sent it, and if we were to guess, we would say that they had to prepare it on a really short notice. For one, it’s extremely short, and the other thing that catches the attention is that PSMB are referring to TERX as Hybrid Technologies – a name that TERX dropped back in 2009. The fact that the pumpers are not aware of the current name of the company clearly shows how little research goes into the emails coming from the people who are supposed to make serious investment suggestions.
We’re sure that ALG have not given up just yet and that they will make at least one more attempt to pump TERX through a paid promotion. Next time they should insist that the people behind the newsletter make it sound at least a little bit credible. ALG should know by now which are the most successful pumpers. After all, they have paid for numerous promotions for TERX back when they were called Li-Ion Motors and were traded under the LIMO ticker symbol. The one in January 2012 seems to have worked particularly well and we’re guessing that ALG were able to sell all their shares.
A proper check on TERX‘s history is no easy task. They have done so many changes to the ticker symbol and their name, that it’s quite difficult now to do a proper research. One thing does stand out, however – whatever we find about them on the Internet, there are always talks of securities fraud, investigation by the SEC and lawsuits.
Of course, they haven’t included the SEC investigations in their latest report, but they can’t hide the fact that they have experienced yet another portion of heavy losses and they also can’t hide the dilution that they have caused through issuance of shares and through stock splits.
But still, the pumpers receive their compensation, and although they are doing a rather sloppy job with their research, some people might fall for it. Especially if they haven’t looked through the track record of today’s pumper, PennyStockMarketBulls. We did check it out and we saw that at the beginning of February they received $10,000 for the pump of Creative Edge Nutrition Inc (PINK:FITX). Once the emails were sent FITX did gain a little ground but, soon after that, it was all up in a cloud of smoke. Although, TERX‘s shares have been refusing to budge so far, there are so many red flags around the company, that the price could tumble at any time.
