Even during the controversial for Total Apparel Group (PINK:TLAG) stock June, no explosions like the ones from the last days happened.
Like branded apparel, TLAG stock made investors proud with their chance to bank a 545% gain in just three trading sessions.
Last Tuesday, the focused on the lifestyle, active-wear and sportswear TLAG found the time to disclose its unaudited financials for the first quarter of this year. It is better to get something as compared to nothing, someone may say.
At the end of June, the company’s CEO stated: “We look forward to becoming a fully reporting company with the SEC …” and promised to send a comprehensive letter to investors by the end of July.
These days, inpatient investors holding a strong belief in the gains of TLAG stock, decided to push it up. The decision and all the following bids on TLAG shares were made in spite of the delay in the company’s financial disclosures and the still missing steps to become again a SEC reporting company.[BANNER]
It seemed that the formula of those inpatient investors worked.
On no news from the company for almost two months and on the reported in the last financial report $7 million in liabilities and $280 thousand in assets, yesterday TLAG jumped 208.70% up. The volume traded was the highest in the company’s trading history.
As opposed to these days’ TLAG stock explosion, during the controversial for TLAG June, there was a wrongly announced acquisition in addition to the above mentioned promises.
After the latest performance of TLAG, can you imagine what will happen when there will be news and TLAG becomes a fully reporting company?
