The Pump for Tiger Oil and Energy Inc (OTCMKTS:TGRO) Continues
On December 22, Stock Tips told us in an email that Tiger Oil and Energy Inc (OTCMKTS:TGRO) could finish the following week between $2 and $3 per share. That didn’t happen. Then, on December 27, Mike Statler, who is supposed to be Stock Tips’ co-editor said that the ticker will close the last session of 2013 above the $2 mark. That didn’t happen either.
On the whole, Mr. Statler’s predictions have been somewhat off the mark and some people probably expected him to be quite embarrassed by this fact considering the $2.5 million compensation that his outfit received as part of the TGRO pump. He isn’t.
In fact, yesterday, we received two more emails from Stock Tips and in the first one, Mr. Statler still seems insistent that the ticker could close today’s session above $2 per share while in the second one, he blames the recent corrections on short sellers and he also tries to tell his subscribers how to plan their trading. Should you trust him?
Well, we’ve already seen that his bright projections often turn out to be a bit short on accuracy which is why, you should be extremely careful when considering your options.
As for short sellers, there is definitely some interest from them which is only normal, considering the multi-million dollar promotional campaign. Are they they only ones to blame though? And if that’s indeed the case, then how come all of Stock Tips’ picks end up in the lower end of the charts?
Take Pan Global Corp (OTCMKTS:PGLO), for example. About an hour before the start of November 19’s session, Mr. Statler said in an email that the ticker is “poised to explode now more than ever“. Less than eight hours later, PGLO was around 40% below its previous value. The cumulative losses since then amount to more than 60%.
His earlier picks aren’t doing terribly well either. Amarium Technologies Inc. (OTCMKTS:AMMG) is currently around 86% below the 52-week high induced by Stock Tips’ pump from September while Eco-Tek Group Inc (OTCMKTS:ETEK) has experienced a 99.5% drop from the height of $0.74 per share.
Are these promotional flops also the result of short sellers? Or is there something else at play?
You are the one to decide but while you’re contemplating the answers, you might want to consider some facts that Mr. Statler conveniently forgets to mention.
We’ve written quite a few articles on the ticker since the start of the pump and we already talked extensively about the people currently running TGRO. Namely, the company CEO, Mr. Ken Liebscher who can be connected to numerous penny stocks with a less than pristine reputation like National Graphite Corp (OTCMKTS:NGRC), Universal Potash (OTCMKTS:UPCO), and Supernova Energy Inc (OTCMKTS:NHUR).
TGRO‘s CFO, Secretary and Treasurer, on the other hand, is called Howard Bouch and his name can be found among the filings of some of the above-mentioned companies as well. He has also served as Director of Dewmar International BMC Inc (OTCMKTS:DEWM) and is currently listed as the CEO of Black Hawk Exploration Inc (OTCMKTS:BHWX). What does that mean for TGRO?
Once again, you’ll need to decide for yourself. Make sure you do a lot of due diligence before putting any money on the line though.
