wash3 makes a great post.
The people on this board are so upset at the company for not issuing a press release that they lost sight of the truth.
If Tesoro stock goes up it is because the business is growing, not because of some press release. And as the case is with most press releases most of the people that read the press release are people that already own stock in the company. Tesoro press release is not going to get picked up by a major news service or a periodical.
The people that want the PR to be issued are the same people that will sell the stock as soon as it hits 0003 and will then drive the stock down again.
I dont know if Tesoro is a buy or a sell, but I have been following it because they are one of the few companies trading on the pink sheets that have a real business. The problem is that sales are small, the company loses money every time they issue a financial statement and they are cash flow negative so they have to issue more shares to bring money in and that dilutes shareholders. The one thing that is positive is that they want to expand buy making acquisitions. The devil is in the details but that gives this stock hope.
The people on this board that are complaining about the lack of press releases need to get a quick education on pick sheets:
1. They bought Tesoro stock. They should have know that the company was losing money and they had no monye n the bank and that means raising money through private stock transactions and that means dilution.
2. Tesoro posts their financials on PinkSheets website and they should know, or are too stupid to know that the company does not have money in the bank to pay for a press release.
3. Why issue a press release? The only people that would benefit are the sellers, and these sellers are the same people that will drive the stock back down.
why should the company spend money on a press release so a few people can sell their stock and drive the price down.
4. Who is going to read a Tesoro Press Release. what do these people think is going to happen, Wall Street Journal picks up the press release and puts it in their paper.
Tesoro is a play that needs to make a major acquisition and that will make the price go up. Yes the chance to make a boat load of money is there, but they need to expand.
I am sure this post will intimidate the brainless, but the brainless are the same people that bitch about something that they don't understand.
Watch for the post that reply's to my post. That is King Brainless.
