That Marketing Solution Inc. (OTCMKTS:TSTS) Crashes And Burns
That Marketing Solution Inc. (OTCMKTS:TSTS) got busted another 30.61% down the charts yesterday, and although the dollar volume seems to be decreasing, it certainly does seem like the ticker is headed to double zero land.
We have covered TSTS sporadically over the last year or so, and every time it’s the same thing – the due diligence shows nothing to impress investors. This is probably why no matter how many pumps hit the web, the ticker usually fails to go up.
And, suffice it to say that there there is no shortage of people willing to pump this stock – although you wouldn’t really be able to figure that out from just looking at its charts. In spite of the fact that TSTS has been targeted by more than 170 pumps that we know about since the end of 2014, very few of them have had any discernible effect.
This can probably be explained with the fact that said touts were real cheap and as the old saying goes – you get what you pay for. Which, in this case, was very little ticker movement.
TSTS has had its most active trading sessions for the year just a couple of days ago, when it crashed horribly after another lackluster promotional effort. As the charts indicate, it has been crashing ever since, and there is substantial evidence that suggests that this will only continue.
After all, the company’s reports show a lot more red flags than just weak financials. Like many other dubious OTC Markets penny stocks, TSTS is burdened with a ton of convertible debt that could be dumped on the market at any point in time.
TSTS‘s October 13 8-K announced that debt that converts at $0.13 per share or a 50% discount from the lowest bid price during the 10 days preceding the notice of conversion. The October 21 8-K states that the debt on the other convertible note that the company has sold turns into shares at a rate of $0.10 per share or 60% of the lowest trade price during the 25 days preceding the conversion.
So let’s recap. Weak financials? Check. Toxic funding? Check. Paid pumps? Check. Need we say more on the matter?
