What can you do with $158 in your bank account? Too bad your not a penny stock like Terralene Fuels Corporation (OTC: GSPT) who got the Extreme pick needed to send it into a big green bubble. Although the shares went to as high as 0.13 nearly two years ago for a “New York Minute,” GSPT stock has, as of today, embarked on a journey of support building PPS stability. If history repeats itself from the extremely long campaign supporters, the alerts could pump the share price high enough to test the levels it saw two years ago despite having no assets or revenue generating business model in place.
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GSPT Stock Chart
Market Cap: 1.66M
Last: 0.0119 ▲ 0.0103 (643.75%)
Dollar Volume: $247,145
Issued and Outstanding: 139,198,691
14-Day Rel Strength: 84.25%
14-Day Stochastic: 50.50%
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Despite the fact that there were assets valued at $185,339 as of September 30, 2012, $181,662 of which were mainly comprised of patents, trademarks, copyright, Terralene Fuels stock, GSPT, is not only running with the bulls today, but is likely to continue to do so for the next two months plus.
Back on August 30, 2012, the Company entered into an agreement with Domain Land Holdings Ltd., a private company controlled by a significant shareholder, with a two-year term, whereby Domain provides consulting services to the Company in exchange for 25,000,000 restricted shares of GSPT stock. Another consultant got the exact same deal on the same date, another 25,000,000 restricted shares, none of which anyone morally righteous shareholder would have deposited with a broker to trade freely into the new hype bubble.
Just for reference, the Company, Terralene Fuels Corp., was formerly known as:
- Golden Spirit Enterprises Ltd. until 11-2011
- Golden Spirit Gaming, Ltd. until 6-06
- Golden Spirit Mining Ltd. until 7-05
- Golden Spirit Minerals Ltd. until 10-04
- 2U Online.com, Inc. until 10-03
- Power Direct, Inc. until 2-00
From its inception, the Company shell has produced a a net loss of $18,492,099. None of the above ever provided $1 in revenues and there is no reason to speculate that the current business model, raising cash for the Company’s film production & distribution sector or their waste energy sector which includes plans to install a Gasification Plant. The Company did report that the newly acquired Terralene project has had all the research and development already completed.
That information and $2 will get you $2 and needless info which can’t prevent the momentum GSPT stock is going to build up over the course of the next few weeks.
About GSPT Stock
Terralene Fuels Corporation provides alternative renewable fuels. The Company’s Terralene project is an alternative fuel formulation that reduces greenhouse gases and other environmentally damaging emissions in existing gasoline combustion engines. Click here to view the SEC filings for GSPT.
Last 5 Trading Sessions:
Bottom Line: Nothing should be preventing GSPT from being the next ten bagger penny stock to come from Extreme. Traders looking to park a couple hundred dollars on a long gamble could see a strong, quadruple-digit percentage gain on GSPT stock within the next 8 weeks so add it to your watch list and trade the plan you make for it.
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