Shockingly up over 100% since opening yesterday at 0.0459, the penny stock of Nano Labs Corp. (CTLE) is taking no prisoners again today. After announcing the development of a next-generation nano coatings specifically designed for corrosion protection yesterday, traders have gone into a frenzy, grabbing shares CTLE stock despite it having no assets except $28,196 in cash per their last Q filing. With a vague description of what they actually don’t make or produce on their website except that nano is a very very small object, the bubble burst is going to be a very very big thing when this one kicks the bucket.
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CTLE Stock Quote
Market Cap: 20.39M
Last: 0.104 ▲ 0.0325 (45.45%)
Dollar Volume: $115,795
Issued and Outstanding: 204,125,000
14-Day Rel Strength: 85.96%
1st Resistance Point:0.1209
1st Support Level: 0.0879
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Planning to file a patent for their newly developed coating which apparently forms an aluminized layer against moisture, oils, fuels and other chemicals, Nano Labs Corp. very well could be onto something that no other money making, well funded nanotechnology company in the world has yet to attempt to develop.
However, common sense tends to come into play when looking over more than just the 3 press releases the Company has issued since changing their name from Colorado Ceramic Tile, Inc. and splitting their stock 25-for-1 last May. Can Bernardo Camacho, President of Nano Labs, really be onto a groundbreaking technology which makes the Company worth over $20 million?
It would reason that Globe Financial Corp and Asus Global Holdings Inc. are winning with CTLE stock slightly better than the traders who held onto the shares overnight after $270,305 traded on Wednesday. According to the asset-less, revenue-less Q filing for the period ended June 30, 2013, there were 14,800,000 potentially dilutive shares outstanding as of June 30, 2013 which were derived from the outstanding convertible promissory notes the 2 groups had the privilege of converting before this remarkable 2 day run.
About CTLE Stock
Nano Labs Corp. is a development stage, nanotechnology research and development company focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare.
Click here to view the SEC filings for CTLE.
Click here to view the website for Nano Labs.
Last 5 Trading Sessions:
If you scored a position bigger than a nano one in CTLE stock at any point during the 3 trading sessions prior to yesterday, you truly are one of the better penny stock traders out there right now. How CTLE can maintain a price above .05 let alone .10 is beyond our comprehension considering it has noting to hang its hat on except a weak PR from yesterday. Good things may come in small packages, but then again, every guy has been trying to sell that story in the bars during happy hour and it ever seemed to work out.
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