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