Techs Loanstar, Inc. (OTC:TCLN) stock was recommended through pennystockshark.com and stockprofessors.com, which point at possible heavy early trading. Usually, the stock price shoots up after such recommendations, but in this case the trading is not taking a uniform direction.The company itself has nothing to show, but half a day price action should occur because of the paid advertising. Emerging Equity Advisors, Inc. paid $35 thousand to have TCLN stock promoted, so a considerable increase in the trading activity should manifest. [BANNER]
The price action is also spiced up by a recent press release, stating the Techs Leanstar subsidiary entered into an agreement with Sky Dragon International, Inc. to provide the five movie roles to be awarded to the winners of the “Sexy and the Cyber Slam” online contest.
Techs Loanstar don’t have any income from their business. Repetitive losses and borrowings to cover the expenditures are the routine. The balance sheet shows no cash resources at all, only significant leverage on those same borrowings.
Officially pursuing opportunities in the online social database and advertising revenue-share business, the company doesn’t even own an official website, nor the cash required to build it. The poor condition of the business is the main factor driving the price down at the moment.
