Subscribe to our mailing list

* indicates required







We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.


Stay Informed with the latest fanancialish news.




Investor Protection

Turbo Global Partners – A Microcap Tale

May 15, 2020

by Howard Haykin



On Thursday, the SEC suspended trading in Turbo Global Partners, Inc. (TRBO), a small over-the-counter stock that focuses on acquiring and managing a portfolio of companies. According to the SEC, the company issued false and misleading COVID-19 claims – that it had entered into partnership to sell thermal scanning equipment to detect individuals with fevers (one of the key early signs of COVID-19) when, in fact, it had not.


At the time of the suspension, TRBO was trading at 0.2¢ (2-tenths of a cent). The price has since dropped to 0.07¢ (7-one hundredths of a cent), giving it a market cap of about $500,000.  


HIGHLIGHTING THE RISKS OF INVESTING IN A MICROCAP.    Following TRBO’s first press releases on Monday, March 30th, the stock price jumped 81%. When a second press release was issued four days later, the price of the stock jumped another 62%. Any investors who were ‘hoodwinked’ into buying TRBO shares at these high prices are now sitting with enormous losses.


          But There’s More.    Had the investors tried to look up published information on the company - i.e., due diligence – they would have been sorely disappointed. There are … NO earnings figures, NO credit ratings, NO news stories, and NO financial statements available for TRBO.


          Same Time Next Year.    And there’s much more. Back on September 22, 2014, a share of TRBO was purchased in the over-the-counter market for $182 million. One year later, in 2015, that same share was purchased for $183,000. And the price declined further over the next 4 years: $4,440 (in 2016), $7 (in 2017), $2 (in 2018), and 1¢ (in 2019).



INVESTOR TAKE-AWAYS.    Microcap investing for the uninitiated, or unsophisticated, investor is like a “black hole” – i.e., a region of spacetime where gravity is so strong that nothing can escape from it.  DON’T GET SUCKED (OR SUCKERED) IN.



[For further details on Turbo Global Partners, click on … SEC Complaint dtd 5/14/20.]