Weekend Pump Squeeze for Trulan Resources, Inc. (OTCMKTS:TRLR) Falls Through
Since pumpers set their sights on Trulan Resources, Inc. (OTCMKTS:TRLR) and started touting it in the first quarter of this year, when it was still trading under its old TLAN ticker, there has been an almost non-stop stream of pump emails pouring from various outlets.
After the first volley of touts for TLAN came to a halt on March 1 as the stock price went in a free fall, pumpers flew under the radar for a while, returning to tout Trulan under its new TRLR ticker. Despite the prolonged efforts to lift the share price and the numerous disclaimers of monetary compensations received by the promoters, TRLR failed to climb up the charts.
The pumps managed to produce a flurry of activity in late May but once again didn’t really get the price anywhere and the pumpers seemed to have given up. After almost a full month of silence, pumpers returned last weekend, touting TRLR yet again, and encouraged to send their email touts by cash compensations ranging from $2 thousand to $170 thousand.
The pumps mostly mulled over old news and press releases, recycling information that never helped TRLR garner sufficient investor confidence during the prolonged pump. The price of TRLR ran up on Monday, then came back down almost as hard but on much heavier volume. The day-two performance of the pump gives very little confidence this can run a lot longer.
Additionally, TRLR posted the following figures in its latest report – a quarterly for Q1 of this year:
- $374 in cash
- ZERO revenues
- $67 thousand in net loss
TRLR took another immediate tumble at today’s open and is currently trading 9% down.
Other stocks that generated heavy volume in the previous market session included Xumanii, Inc. (OTCMKTS:XUII) and Northumberland Resources, Inc. (OTCMKTS:NHUR), shifting respectively 5.7 and 1 million shares.