For Tuffnell Ltd.(OTC:TUFF) shareholders, the last two months were pretty exciting. Both February and March offered the catalyst needed for sharp stock price jumps to take place. On Wednesday last week, another inspiring announcement came out, so it would be no wonder if the hype on the stock market takes over one more time. 
In fact, it has been a quiet period so far in April. There hasn’t been any major announcements, quarterly statements or the other usual fuel for buying frenzies – stock promotions. Nevertheless, last Wednesday Tuffnell announced that a source for funding has been found for one of its projects and a subscribed private placement for $300k has been closed. The market, however, did not respond in the manner some shareholders might have hoped for. The increase in the trading volume and the stock price for the day were both not so significant, the session closing at $0.21 with a little more than 3 million shares exchanging hands. Yet, this might be justified.
One reason for this lack of real interest, which could push the price up, is that the announcement is no news at all. Most people who keep an eye on Tuffnell are aware that what the company announced on the April 19th is actually included in brief in the 8-K form filed on April 11th. Let alone, as mentioned in the 8-K and the PR, securing $300k was possible through warrants, which is not always in the best interest of investors. [BANNER]
On the other hand, the next sessions proved to be optimistic making up for more than 25% increase of the stock price for the week. Whether this is enough for current shareholders is another matter entirely. What they might be looking for is finally some results, not in press releases but in the quarterly statements of the company. So far, most of them have not been exactly a source for optimism. But neither has the stock price development been one. Despite the numerous sharp jumps that took place, it has been almost a year since this stock has managed to hold a position about $0.25 for more than a few days. An inevitable sharp drop would usually follow, which is a good arena for skilled speculators. Yet, this is perhaps not what many current shareholders would enjoy.
In this aspect, it might be high time for this company to go the extra mile and show investors its true value. The best way, of course, would be through clearly positive results in the balance sheet. A month ago, in the last 10-Q amendment for the end of 2010, the total current assets of the company comprised of $38k in cash, nothing more, nothing less. If similar figures appear in the next SEC filings to come, a future of high uncertainty would follow, which could affect shareholders in a way Tuffnell might not enjoy at all.
