Over the last two sessions Baristas Coffee Company Inc. (PINK:BCCI) has gained 41% due to pump mails and an announcement.
Yesterday, BCCI closed up 9.30% at $0.141. The volume reached 2 million shares after the company issued a press release early in the morning.
The tout campaign continued yesterday, but the promoter didn’t disclose the amount of the compensation. All the disclaimers said in that regard is that the newsletter is a paid advertisement.[BANNER]
The news from yesterday was that BCCI had signed an agreement to jointly develop five new locations in Phoenix, Arizona.
One of the pump mails says the current price is a “very solid entry point.” Looking at the chart, however, may make some traders wonder, and keeping in mind the dilution history of BCCI, it could also suggest a different picture.
At the current price and the latest available OS, BCCI has a market cap of $29 million. You decide whether a development stage coffee company is worth that much.
