Nano Labs, Corp. (OTCBB:CTLE) Makes Return on Stock Traders Academy Promotion
Nano Labs, Corp. (OTCBB:CTLE) is looking attractive again, at least on paper. But the real reason behind the attempt at bouncing from the bottom is a combination of paid email promotions and press releases. The company stands at 29 cents, boosted by a pumper’s email on May 6th. 
Otherwise, the company is busy presenting its product at conferences and talking about future technologies. The main product the company aims for are specialized paints, touted as revolutionary nano-technologies, that allow easier cleaning. There are promises of medical application as well, and for this CTLE can rely on the following financial resources:
- $77,434 cash
- $277,211 total liabilities
- Zero revenues
- $112,670 net loss
It seems CTLE has settled for small losses, while aiming for a big breakthrough. But when this will come is unknown- and it will certainly be long after the pump effect has moved the stock according to investors’ interest and sentiments.
The aim of Stock Traders Academy is to push CTLE above a dollar- at least this is what they predict in their promotional email. To support this, the pumper cites the company’s new product that aims to cool LED lights, as well as reflect their light better. But we don’t know when the tests will end and when the actual product will go to market.
The email from Stock Traders Academy is free, but on May 1st Black Tie Stock Alerts received $5,000 for a one-off mention. Before that, CTLE had a long campaign starting in the fall of 2012. The press releases from the company almost always coincide with the pumpers’ emails. But the expectations of a long bull run ended in December, and the ticker quickly left its $1.30 positions. Since then, emails caused temporary buying sprees, only to correct deeper, for a long slide instead of a bull run.
If you decide that CTLE is finally a bargain, keep in mind the constant promotions and the risk of selling that could wipe out the gains. Stay away from the ticker unless you can afford to follow the scenario of other promoted stocks.
Stock Traders Academy never tired of CTLE, mentioning it as far back as November and keeping it as one of its portfolio staples. But there were other picks that failed to live up to the expectations. GaphOn Corp. (OTCBB:GOJO) received a mention on April 9th, but went on to lose around a third of its value once the emails stopped.
