Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) – Might We See Another Halted Stock Soon
The massive $2.5 million promotional effort for the stock of Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) seems to have done its job, as we saw quite the amounts in trade value since it started.
Despite the bashing review on Seeking Alpha that we mentioned in our previous article about TGRO the stock manages to remain stable on low volumes. This leads us to think that TGRO might still yield profit to the people behind this expensive paid promotion and the following dumping of stock.
So far, since the promotion started, TGRO has generated almost $20 million in trade value, so we guess the promotional campaign has already paid for itself, providing further profits to the people that arranged it.
The ticker even managed to add 6.38% to its value yesterday, on the lowest volume it had since the beginning of the promotion. Still, the 1.3 million shares that switched hands while the price was going from $0.47 to $0.50 per share provided for a decent dollar volume of $666 thousand.
This might very well prove to be a strike three to almost all of the insiders of the company who have strong connections with pumps that went downhill such as National Graphite Corp. (OTCMKTS:NGRC) and Northumberland Resources Inc (OTCMKTS:NHUR), if the SEC initiates an investigation and halts TGRO.
In fact, we can clearly remember the highly expensive promotion of NGRC, for which Stock Tips created a landing page, similar to the one that we see now for TGRO, where there was a video review backed up by identical arguments. You can check the chart to the right and see where that thing went.
The path that NHUR took after its $3 million promotion back in June was also similar, so we would advise you to do a lot of due diligence before betting on TGRO, especially having in mind the massive amount of money paid to promote the stock.