TFER | Titan Iron Ore Still Has Shares (Bags) To Distribute

TFER Stock, Titan Iron Ore Corp., Pacific Copper Corp., PPFP, PPFP stock, Andrew BrodkeyClosing at the HOD, Titan Iron Ore Corp. (TFER) is a “must add” to the list of penny stocks to watch after shifting their focus to nearer-term production. If this “fluff” PR is indicative of another fleecing of TFER stock holders, getting in at the beginning stages of a short, day trade set up, may be worth a couple of pennies if its timed right. The stock has been flat since August and some bag holders from their beginning of the year run could still be looking to average down.

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TFER Stock, Titan Iron Ore Corp., Pacific Copper Corp., PPFP, PPFP stock, Andrew BrodkeyTFER Stock Chart

Market Cap: 14.30M
Close: 0.28, up 0.052 (22.81%)
Volume: 312,113
Dollar Volume: $72,129
High: 0.28
Low: 0.21
Trades: 62
Average Trade Size: 5,034
Authorized: 3,700,000,000
Issued and Outstanding: 51,071,000

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Amazing how Titan’s PPS jumps after being flat for two months right after entering into a consulting and professional service agreement on September 5th with NuWa Group LLC, whereby they issued 500,000 shares of restricted TFER stock. The restricted shares were due and issuable within 10 days of the effective date and the PPS jumped right around the timeline it would take to clear the certificates of those restricted shares.

According to the PR, Titan’s management has shifted the emphasis to Iron Mountain, instead of the larger Strong Creek deposit where it conducted a limited drill program in 2011, to maximize its opportunities for nearer-term production and cash flow opportunities. The Iron Mountain deposit has an existing open pit with past production, information from approximately 100 historical drillholes, and arguably a considerably shorter timeframe to complete feasibility-level work, and a much quicker path to production than Strong Creek.

Similar PR reports were circulated back when  Pacific Copper Corp. (PPFP) was in its pump stage back in 2008 when Andrew Brodkey, President, CEO and Director of Titan Iron Ore, was the contact for Investors relations of Pacific Copper. Coincidence?

About TFER Stock

Titan Iron Ore Corp., formerly Digital Yearbook, Inc., was incorporated in the State of Nevada on June 5, 2007. Effective June 15, 2011, the Company completed a merger with its subsidiary, Titan Iron Ore Corp., a Nevada corporation, which was incorporated solely to effect a change in our name from “Digital Yearbook Inc.” to “Titan Iron Ore Corp.” effective becoming an exploration stage company. The Company’s principal business includes the acquisition, and exploration of mineral properties.

Effective June 15, 2011, the Company effected a 37-for-1 forward stock split of our authorized and issued and outstanding common stock.  As a result, 5,151,000 shares of common stock outstanding increased to 190,587,000 shares of common stock.

Subsequently, on June 20, 2011, the Company issued 2,100,000 common shares pursuant to a private placement unit offering, increasing the number of shares of common stock outstanding to 192,687,000.

Effective June 30, 2011 and in connection with the acquisition of an option to purchase a mineral property, certain shareholders surrendered 142,950,000 common shares of the Company. As a result of the Company’s cancellation of these shares, the Company’s outstanding shares of common stock decreased to 49,737,000.

On January 10, 2012, the Company issued 1,334,000 shares in a private placement bringing the total outstanding shares to 51,071,000.

Bottom Line: TFER is a penny stock pump and dump so act accordingly. Thursday’s PPS increase could easily reverse itself since, on June 21, 2012, Titan granted stock options to acquire an aggregate of up to 1,000,000 options to purchase TFER  stock: 800,000 options to Andrew Brodkey, President and CEO, and 200,000 option to Ronald Richman a Director of the Company.

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