{"id":4354,"date":"2014-04-10T15:15:12","date_gmt":"2014-04-10T15:15:12","guid":{"rendered":"\/?p=4354"},"modified":"2014-04-10T15:15:16","modified_gmt":"2014-04-10T15:15:16","slug":"titan-iron-ore-corp-otcbbtfer-continues-to-crash","status":"publish","type":"post","link":"\/articles\/titan-iron-ore-corp-otcbbtfer-continues-to-crash\/","title":{"rendered":"Titan Iron Ore Corp. (OTCBB:TFER) Continues To Crash"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/4TFER_chart.png\" border=\"0\" alt=\"4TFER_chart.png\" title=\"4TFER_chart.png\" width=\"400\" height=\"178\" \/>The stock of Titan Iron Ore Corp. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TFER\">TFER<\/a>) had a great start of the month and was grasping for the $0.01 mark, but it began to fall suddenly after just 2 sessions in the green. The ticker hasn&#8217;t obliterated all the gains yet, however, it seems keen on doing so. <\/p>\n<p>What leads us to this thought is the fact that, despite the optimistic press releases of the past few days, the stock is still sliding down at a serious pace, wiping out the investments of people who bought in at the peak.<\/p>\n<p>On Tuesday, the company announced that they have entered into an agreemebt with Courtland Brooks, a company that provides consulting expertise for internet dating websites, who will represent them.<\/p>\n<p>And while the news were rather optimistic, the stock still slid some 17% during the session. The most probable reason for this is the fact that investors have realised that the competition in the online dating sector is quite heavy and there are a lot of dating websites, few of which manage to attract that much users and get into their pockets for the services they provide.<\/p>\n<p>The same happened yesterday, when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TFER\">TFER<\/a> announced they were doing a 20:1 reverse split. The stock slid by a hefty 32% on a massive 259 million share volume, that generated $516 thousand in trade value.<\/p>\n<p>Also, we are at a loss when it comes to the company financials, because the company hasn&#8217;t filed a consolidated statement after the acquisition of iHookUp, Inc. and the business model change, which happened more than 2 months ago.<\/p>\n<p>The latest financials that are available are for the period ended September 30, 2013 and, to be honest, don&#8217;t look very promising.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $12 thousand<\/li>\n<li>current assets: $47 thousand<\/li>\n<li>current liabilities: $933 thousand<\/li>\n<li>total liabilities: $1.8 million<\/li>\n<li>revenues: $0<\/li>\n<li>net loss: $805 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/833LOGO.png\" border=\"0\" alt=\"833LOGO.png\" title=\"833LOGO.png\" width=\"150\" height=\"75\" \/>The fact that it is taking so long for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TFER\">TFER<\/a> to make us aware of the financial state of the subsidiary that will give its name to the company with the start of tomorrow&#8217;s trading day is rather disturbing and leads us to think that the situation hasn&#8217;t gotten any rosier.<\/p>\n<p>What supports our point of view is the fact that it seems there are a lot of bugs to fix with their app, judging by the comments in the iTunes store. Furthermore, a 1.5 out of 5 star rating with 1787 votes suggest the app isn&#8217;t going to attract a lot of potential buyers. Also, as we mentioned in our previous article, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TFER\">TFER<\/a>&#8216;s current CEO, Robert Rositano has had a catastrophic failure with another company providing online dating services, called Mobile Matchmaking (OTCMKTS:MLOV), which leads us to question his management skills.<\/p>\n<p>With all this in mind, we would advise you to thread lightly and consider all the risks that come with investing in <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TFER\">TFER<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock of Titan Iron Ore Corp. (OTCBB:TFER) had a great start of the month and was grasping for the $0.01 mark, but it began to fall suddenly after just 2 sessions in the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[371],"class_list":["post-4354","post","type-post","status-publish","format-standard","hentry","category-news","tag-tfer"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4354"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4354\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}