{"id":5759,"date":"2015-05-26T15:12:22","date_gmt":"2015-05-26T15:12:22","guid":{"rendered":"\/?p=5759"},"modified":"2015-05-26T15:39:31","modified_gmt":"2015-05-26T15:39:31","slug":"tanaris-power-hldgs-inc-otcmktstphx-arrives-at-a-new-52-week-low-2","status":"publish","type":"post","link":"\/articles\/tanaris-power-hldgs-inc-otcmktstphx-arrives-at-a-new-52-week-low-2\/","title":{"rendered":"Tanaris Power Hldgs Inc (OTCMKTS:TPHX) Arrives at a New 52-week Low"},"content":{"rendered":"\n

The latest promotional email for Tanaris Power Hldgs Inc (OTCMKTS:TPHX<\/a>) arrived a couple of hours after Thursday’s closing bell and it was sent by Stock Freak. The pumpers disclosed in the fine print that they have received $100 thousand for touting the stock and they also said that the ticker is on “full monster bounce alert<\/em>“, whatever that means. They reminded their subscribers that the ticker was sitting at $0.76 last month and tried to imply that it can get back to those levels. There are more than a few things to suggest that the pumpers are catastrophically wrong. <\/p>\n

The performance from Friday is one of them. Despite the touting, TPHX<\/a> <\/strong>refused to move in the right direction and it actually lost a further 4%, closing the week at $0.22 per share. The overall behavior is pretty terrible as well. At the end of last month, the stock managed to shed nearly 60% of its value in a matter of just three sessions and although it’s been trying to bounce ever since, it has failed rather miserably at doing so.<\/p>\n

The performance is, without a shadow of a doubt, quite appalling, but every stock goes through its ups and downs. If it is to go up, however, investors need to know what they’re buying and in TPHX<\/a><\/strong>‘s case, they don’t.<\/p>\n

The management team changed the company name and ticker symbol in March because they were expecting to complete the acquisition of a private entity called Tanaris Power Inc. They had to make several payments in order to close the deal, however, and the latest 10-Q says that they have failed to do so.<\/p>\n

So, basically, while the press releases say that the company is trying to develop state-of-the-art batteries, there’s nothing official to suggest that this really is the case. And even if the acquisition of the private Tanaris business gets completed, things will still look a bit shaky. According to Nevada’s Secretary of State, Tanaris Power Inc was established at the end of January 2015 – less than four months ago.<\/p>\n

So, not a whole lot to suggest that TPHX<\/a><\/strong> deserves a valuation of more than $0.70 per share. And that’s without even looking at the thing that pushed it there in the first place – the paid pump. Stock promotions often take OTC tickers to unimaginable heights and when the budget is $600 thousand (as in TPHX<\/a><\/strong>‘s case), the hype and excitement coming from emails and landing pages can provide savvy investors with short-term profit opportunities. Sooner or later, however, the pumpers need to move on to their next victim and the promoted stocks experience a crash which is followed by some serious liquidity problems.<\/p>\n

This is especially true when there are millions upon millions of discounted shares floating around. Sadly, TPHX<\/a><\/strong> falls perfectly in that category as well. As we mentioned at the very beginning of the pump, back in 2013, some unnamed investors bought exactly 30 million shares for $60 thousand<\/strong>. Even after the terrible crash from the last few weeks, these shares currently cost about $6.6 million<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest promotional email for Tanaris Power Hldgs Inc (OTCMKTS:TPHX) arrived a couple of hours after Thursday’s closing bell and it was sent by Stock Freak. The pumpers disclosed in the fine print that...<\/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":[1619],"class_list":["post-5759","post","type-post","status-publish","format-standard","hentry","category-news","tag-tphx"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5759","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=5759"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5759\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}