There are absolutely no fundamentals that indicate this kind of price drop. I agree. Mighty fishy.
Also, I wish I could share what I have found out about the resident shorty on this board. And there is a tie of this shorting to a regular panel member on CNBC. If you dig enough you will see all this. Where is SEC? It's all there but they ignore it.
The head of this company stole $27,000.00 from my Roth IRA. Don't be as stupid as I was.
They actually do nothing to improve the company, let it go down to 0, reverse split so you end up with hardly any shares, sucker more investors in and repeat.
DON'T BELIEVE THE PRESS RELEASES!
Plan of Operations
We believe we do not have adequate funds to fully execute our business plan for the next twelve months unless we obtain additional funding. However, should we not raise this capital, we will allocate our funding to first assure that all State, Federal and SEC requirements are met.
As of September 30, 2015, we had cash on hand of $5,687.
The latest round of press releases is all hogwash. Its always thru BusinessWire because you just log on and write your own press release. Read the wording of all these press releases, past and present. You can tell by the wording its all hogwash, stretched facts and future intentions. WHERE IS THE SEC AND FBI. These guys are the biggest scam artist ever.
Losing Money? I accumulated this stock all below $45.00. I probably collect more in dividends than you own in stock. You're a small fry short who thinks he's an expert trader and comes on here periodically and insults everyone. Have a nice losing 2016 idiot short.
Sentiment: Strong Buy
Don't lecture me you blithering idiot short. You are the one to "learn". You insult me you get it right back in your face. By the way what happened to "goodbye 90"? What happened to "goodbye 100"?
You are on the wrong side of this one.
Sentiment: Strong Buy
Everyone speaks of when contracts end. Nobody considers that some or maybe even all of them will be renewed or brand new contracts negotiated. db33p you don't know anything.
Sentiment: Strong Buy
The truth is, the money raised by selling stock to investors usually goes into the pockets of other shareholders who are getting paid for pitching the stock or who early investors selling their shares. The operations of the company receive little if any of funds from those transactions and from looking at a few of these companies, some may wonder why the SEC (FBI) is not asking a few questions.
... based on filings that are submitted to the SEC, each of these ten stocks obtains loans from a known third party to pay the bills for things like advertising the stock , accounting (or perception of accounting), filing various forms with the SEC (not cheap, even for scammers) and various office expenses to keep up appearances. The loans are convertible to stock, steeply discounted to the current stock price, at a fixed conversion price per share. Then the companies, all of them, do a reverse stock split, the third party coverts to equity, sells it shares and new investors are sold these shares while many of the existing investors see the value of their stock go to zero. While these stocks are all selling for pennies (after the reverses they may get to a few dollars), van Velzen calculated that some of these third party debt holders make over $2 million in just one month.
Since these are publicly traded companies, there should be a board of directors overlooking transactions like these … an you would be correct. However, these ten companies share more than just a penchant for reverse splits to pay off debt holders, they also have a bullpen of the same executives running them. Van Velzen listed 14 individuals that move between the companies in various executive roles … he even tracked their interactions as friends on Facebook!
Each of the 10 companies also aligns itself with a private company, entity, based out of Panama, where information on directors and owners can be kept confidential … and they are pretty confidential on these ten. Each of the ten listed on the OTC is linked to a Panama company that owns a controlling shares.
All are combinations of general statements, name-dropping and repetition of far fetched ideas.
WHERE ARE THE RESULTS OF ALL THE TALK OF AQUISITIONS for the shareholders? VALUE OF COMPANY KEEPS GOING DOWN.
I have to agree that this company's financials are very bad and the bogus press releases are fiction and pure BS. Where is the SEC? As a screwed shareholder I want to see the proof of claims about "pursuing opportunities". DO NOT INVEST IN THIS COMPANY. I want some heat to come down on these crooks. This is now the start of a personal quest to bring all the mis-handled shareholder property, lies and fabrications to light. Does the CEO think people are stupid regarding the RIDICULOUS PRESS RELEASES?
It's amazing how the shorts are taking advantage of the very light volume and the negativity of the whole energy sector. TSO is a downstream company and benefits greatly from low oil prices. Most analysts are predicting low oil prices into next year (maybe not as low as now but still historically low). The same analysts are also predicting a higher usage of gasoline next year also. Low oil price promotes more driving and the buying of bigger vehicles. And TSO's fundamentals are extremely good. You couldn't ask for better. So putting all this together the shorts have pushed the stock down like a cork underwater. They will be burned very badly when some of the false negatively is lifted and the cork pops up to the surface. This period is a very good buying opportunity. The stock belongs in the 120-130 range right now.