Anastas Gegov

Will Trulan Resources, Inc. (OTCMKTS:TRLR) Fall Again?

by Anastas Gegov June 28, 2013
5TRLR_chart.pngWhat we saw in the past week was the result from the pumpers that touted yet again Trulan Resources, Inc. (OTCMKTS:TRLR, TRLR message board) after a period of silence that lasted nearly one month.

The promotional campaign started on Sunday, June 23, being the fourth one for TRLR. The only big jump that the pump managed with around 40 promotional emails sent was the 39% upward movement from Monday after which their stock was destined for failure due to the insiders' dumping of stock, which helped to generate a volume of 12.4 million shares at a total trade value of $191 thousand for the day.

Afterwards, TRLR's stock started to deflate going down in the next 2 sessions with 15% and 12% registered respectively with even higher volumes of traded shares, a strong fact suggesting that dumping is involved. TRLR aided the pump themselves with a fluff press release that was made on June 25 with the usual forward-looking statements that usually never come true.

Might this be the reason for yesterday's uprise? Yesterday TRLR's stock went 12% up only managing to cancel out the fall from the previous day. It seems that the insiders have stopped or at least slowed down the dumping for now as the company's stock was traded below their average volume of 7.5 million with a total of 3.3 million shares that switched hands making the total trade value $43 thousand as the price went up from $0.0115 to $0.0130.

005LOGO.pngAs a matter of fact the pump for TRLR was poor even with the massive amount of emails that were sent, due to the fact that they were all filled with old news and the usual claims that their stock is undervalued. Is it really undervalued? TRLR have a market cap of $6.5 million. Let's take a quick moment to see what they have to back that up.

 

  • cash: $374
  • total liabilities: $204 thousand
  • revenues: $0
  • net loss: $67 thousand

 

We also wonder what exactly does their Chief Executive Officer do to increase his balance due from $1.1 million from December 31,2012 to $7.39 million as of March 31,2013. We are also supposed to believe that TRLR have discovered 1,764,112 ounces of recoverable gold and 1,905,428 ounces of platinum on their Iron-Gold-Platinum (IGP) project in Chile for which we have been trying to find the acquisition terms for quite a while now. Furthermore, having in mind that Trulan have never had any money we can only presume that they got a fortune-teller to carry out the exploration through a crystal ball, because they never paid any money for any exploration activity.

Other winners from yesterday are Vapor Corp., (OTCMKTS:VPCO) and Cleantech Transit Inc (OTCMKTS:CLNO) who went up 24% and 42% respectively.

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