A landing page for TANARIS POWER HLDGS INC (OTCMKTS:TPHX) was created by a group called the Profit Letter. Along with the landing page, there are other firms that are in process of circulating pumps to support the stock. The budget of the promotional pumps is $600,000. The pumps are focusing on the potential buyout deals from reputed firm Tesla Motors Inc (NASDAQ:TSLA) and the reasons on the basis of which TPHX could surge to $5.56.

The buzz

The ongoing pumps are going unnoticed by investors. The promotional emails supported the stock price of Tanaris initially when the price jumped to $0.70 per share. However, in last few trading sessions, it had declined sharply and reached to the levels from where it started. In last trading session, it managed to close in green with gains of more than 5% to close the trading session at $0.671. The gains came at a share volume of 486,290 compared to average share volume of 181,514.

The announcement

Last week, Tanaris announced that they commenced the development activities of a battery that is expected to be 40% more powerful than the existing models. However, the news failed to boost any optimism among the investors.

The red flags

People are not willing to put their money in Tanaris stock as they fear that the stock price may drop drastically due to ongoing pumps. Moreover, the latest 10-Q suggests that the company entered into a securities purchases deal in January. As per it, the firm was expected to issue some shares and make a payment of $350,000 in seven installments to purchase the lithium-ion battery business. It managed to pay first two installments in January and February but then they didn’t make any payment indicating a default under the deal. Therefore, there is no surety as of when the announced deal will be completed.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.