Trulan Resources, Inc. (OTCMKTS:TRLR) Struggling for Attention

Some pump jobs refuse to tone the hype down no matter how bad their initial crash is. One such example is Trulan Resources, Inc. (OTCMKTS:TRLR). The company, which has been pumped virtually non-stop since late February, sputtered on its last pump so far and ground to a halt.

It’s worth taking a look at the last few months of TRLR‘s market history. The simple fact of the matter is that the stock is currently more than 90% down from its pumped highs from early March. What brought it here is the relentless, unceasing downpour of pump emails that pelted subscribers’ inboxes and the hype they created, which was largely disproportional to the company’s achievements and capabilities.

The first touts for Trulan came while the company was still trading under its previous ticker – TLAN. As with most pumps, despite the number of emails sent and the monetary compensation paid to the promoters, the stock tanked hard and has been on a non-stop slide ever since. The last touts that came for TRLR followed a press release from the company dating back to last Tuesday. The pumps more or less repeated the grandiose promises of the press release, quoting a ‘likely’ increase of resources in TRLR‘s IGP project.

Sadly, it seems no one bought the promoter hype and the stock crashed 15% and 12% in the following two sessions. The plans and pumps for TRLR immediately take a turn for the comical after a brief look at the company’s latest financial report – a quarterly for the period ended March:

• $374 in cash
• zero revenues
• $67 thousand in net loss

Those abysmal financials are accompanied by the information that TRLR issued 45 million common shares in Q1 to settle $4,500 worth of convertible debt. This essentially means a noteholder received 45 million TRLR shares at the absolute low of $0.0001 per share. Despite the stock’s inability to break above $0.01 per share, selling those shares would still equal massive profit.

Other stocks that generated significant dollar volume in the short session on Wednesday include Xumanii, Inc. (OTCMKTS:XUII) who moved up 10%. Affymax, Inc. (OTCMKTS:AFFY) were less fortunate, closing nearly 6% down after a series of smaller intra-day drops.