Yesterday, TRTB already made a substantial jump up in the share price, closing at $0.294, or 13.08% higher than on Tuesday. As the stock was featured in the alerts of a well-known promoter, it seems likely that some additional demand appears on the market today to boost yesterday’s volume of around half a million shares much higher. Bullish MACD crossover and RSI going up may attract investors from the technical side and on the short-term, but as the alerts already suggest, more is not to be pointed out in favor of TRTB stock.
The promoters got a fee of $13,000 for a one time alert, and the paying third party has paid last year a total of $26,000 for TRTB advertising services.
True 2 Beauty does not have any recent financial reports since the one for the three months ended July 2010, and it seems like only the company’s press releases serve as a source of information about the raised $1 million in a private placement last year, and about the first $1.3 order from a distribution partner announced this year. Moreover, it seems like the company does not even intend to provide any financial and operating data to the SEC. In September last year, True 2 Beauty terminated its registration with the commission and is no longer required to file regular reports.
Still, some expectations can be build. Assuming the company has never had any revenues since its inception in 2006, nor any assets that could produce revenues, it becomes evident that TRTB activities in the past years have been mostly the raising of funds over private placements and loans. Under such circumstances, it does not seem reasonable what makes traders believe that the situation may change in the near future to justify the over $23 million market valuation for the company.
