The pump for Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) Loses Steam

by · December 17, 2013

TGROchart2.pngThe stock of Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) closed in the red for a second time in a row after yesterday’s session. On Friday the pumped stock wiped more than 15% of its value and dropped to $0.489 and the negative trend carried over the weekend. 

Despite a brief but steep climb in early trading that saw the stock go as high as $0.55 it quickly plunged downwards finishing the day at $0.47. Although less than 4% were lost the surge in volume just before closing time may indicate that investors are reluctant to hold their position overnight and rightfully so.

On Friday the only other major pump that was going at the same time as TGRO‘s got shut down by the SEC when they suspended the stock of Makism 3D Corp (OTCBB:MDDD). Now traders are becoming even more cautions as TGRO seems to be the likely candidate for investigation by the SEC. And there certainly is no shortage of reasons for it. 
The company has virtually no financials reporting less than $2000 thousand in total assets for the most recent quarter. Not to mention that almost all of the insiders of the company are well known among the pennystock world due to their past involvements with Northumberland Resources Inc (OTCMKTS:NHUR) and National Graphite Corp. (OTCMKTS:NGRC). Both companies got pumped to disproportionate heights only to wipe it all when the email alerts stopped coming.

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On Monday an article was posted on SeekingAlpha that also warned investors about the real situation of TGRO. The author discussed much of the red flags that we have already pointed out in our previous articles about the company. Still the pumper StockTips doesn’t seem to be worried in the slightest and issued another overly-optimistic email. But that shouldn’t be a surprise when they are managing $2.5 million as the budget for the promotional campaign. That is why we always encourage you to do your own research and never take anything at face value.

7NNRXchart2.pngYesterday the stock of Nutranomics, Inc. f/k/a Buka Ventures Inc (OTCBB:NNRX) continued to drop to new record lows of $0.26 after slashing nearly 40% of its price in a single day. The depressing performance of the stock came after NNRX failed to file their quarterly report and instead submitted a notification of late filing. In the past 5 sessions the company has wiped a full dollar out of their share price but the management team decided that the best way to deal with this is by announcing the latest book written by their CEO.

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