Techs Loanstar, Inc. (PINK:TCLN) has been losing value since December 19, 2011 when it published its quarterly report. Will the drop stop soon?
Yesterday, TCLN closed down 3.12% at $0.0155. The volume was approximately 5.9 million shares.
The company has issued a number of press releases since the drop started, but so far none of the news has managed to turn things around for more than one session.[BANNER]
The latest press release by TCLN was on Jan. 12 when the company announced the selection of Richard D. Fantozzi, M.D., F.A.C.S., as the CEO of Co-Chairman of the BoD of Quture, Inc. The announcement didn’t do anything good for the market performance of TCLN.
Quture, Inc. is the operating subsidiary of TCLN, focused on performance and outcomes measurement and analytics for the healthcare sector. So far the company hasn’t been able to turn a profit.
It’s not clear what caused the high volume yesterday, but volume has been high since Jan. 19 when the 8-K Form for the selection of Dr. Fantozzi came out. There’s no guarantee the drop will stop soon, but it looks like it’s slowing down, at least.
