Hristina Beeva

Centor Energy, Inc. (OTCBB:CNTO) Inflated Further After Stock Junction Intervention

by Hristina Beeva January 3, 2014
Centor Energy, Inc. (OTCBB:CNTO, CNTO message board) continues to erupt like an oil well, but be aware that this oil and energy company is just a bait, sweetened by a $500,000 promotion. The last email landed on December 30th, and the exuberance carried over to the new year, and the ticker added more than 26% to stand at $2.33, on buying volumes that bubbled over in the past three days, reaching $3.16 million on Thursday. CNTO0103.png

The latest reminder came in from The Stock Junction, which renewed the buzz around CNTO from the summer months. Then, a lesser $350,000 campaign boosted the shares, only to see them crash from $1.20 to just 20 cents. Now, the climb is steeper, and the market value of CNTO, which seemed underpriced, jumped quickly to above $160 million. The sudden revival and the high price indicate that this ticker may be here to stay among the most actively traded, at least for a while, and may also repeat the steep climb, in which it wiped out more than 70% of its value within a few weeks.FRMC0301.png

The balance sheet reveals that CNTO is nothing more than a skillful spinner of promises. The company holds:

  • $4,530 cash
  • $127,053 total assets, of which $110,000 mineral property option
  • $439,124 total liabilities
  • $166,019 quarterly net loss, above $400K total net loss for 31 months

While CNTO seems not too much burdened for now, its prospects remain shaky. The company changed names at the end of last year, from Centor, Inc.

So far, CNTO moves predictably and it is a question of when volumes would reverse and drag the price down.

But to gain a clearer picture, here is what happens to oil companies that fly too high. At the end of last year, a bunch of those tickers sprang to activity, boosted by promoters. One of the picks, Formcap Corp. (OTCMKTS:FRMC) grew from 24 cents to $2, before losing more than 80% of its value in a series of deep cuts in the past days, reaching a mere 14 cents. FRMC was surrounded by optimism, which proved very expensive.

Nevada Gold Corp. (OTCMKTS:NVGC) was yet another mineral claims company that promised gold revenues- but went on to be suspended from trading for more than a week. Later, NVGC resumed transactions, making a large gap between 50 and 13 cents.

For CNTO, investors' opinions vary between the wild optimism kindled by promoters- and the idea that the company does not show true coverage of the claims. We expect that press releases or a new email could keep up the ticker for a while, but inevitably CNTO will fall, so estimate well your preferred time frame and avoid investing unless you can afford to lose the sum in part or in whole.

Comments 6

1. Guest
November 28, 2017, 09:01AM

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2. Guest
February 15, 2014, 02:49PM

Quotes My personal stock advisor/genius said don't touch it with a ten-foot pole.

3. Guest
February 12, 2014, 06:05PM

Quotes I tried to sell this dog today, only to learn that it has been suspended from trading by the SEC. I already have reconciled myself to losing all my investment. So much for the advice of penny stock gurus.

4. Guest
February 11, 2014, 02:24PM

Quotes should i sell?

5. Guest
January 17, 2014, 04:14PM

Quotes To clarify that confusing second to the last sentence: I first read about it TODAY, Jan 17, 2014.

6. Guest
January 17, 2014, 04:06PM

Quotes Here is what comes to my mind.

The presentation or advertisement is interesting, and that's why I
searched the internet for comments.

If Centor were half (or a third, or a fourth) as terrific, then first go to Wall Street et al including the hedge funds of hundreds of potential, sophisticated backers?

Of course it is tempting for a gambler to take a risk for a couple of bucks, and that could well be the "greeedy mee."

Btw: when I first read ad, the stock today has indeed doubled plus from that dollar a share.

I am not saying that it's an absolutely b.s. deal, there
might be $omething there, there, so never mind.

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