Black Castle Devs Hldgs (PINK:BCDH) was supposed to get a substantial boost yesterday as third parties had just organized a paid advertising campaign in support of its stock. As it turned out, however, the campaign’s interim result is nothing but a fair disappointment.
Indeed, the first promotional email (out of five) reached our database prior to the beginning of the latest trading session. In a nutshell, the email’s sole purpose was to distribute BCDH’s latest press release (which is available on otcmarkets.com anyway) among investors’ emails. As disclosed in the disclaimer, the effort was worth $5,000. Yet, BCDH stock closed the session at $0.095 per share, i.e down 6% in comparison with its Dec. 7 value of $0.101. More than 130 thousand shares changed hands, hitting a six-week high for the company.
Anyway, that was not the end of the promotional campaign. A total of four new emails worth at least $40 thousand have advised investors to put BCDH stock on the radar for the upcoming final session of the week. That is why, prospective huge fluctuations in the price of BCDH stock later today should not come as a complete surprise to market players.
On Dec. 7, BCDH announced it had filed a Form 10 to become a fully reporting SEC filer, as well as start trading on the OTCQB marketplace. Thus, the company will become a transparent information provider to its stockholders. First and foremost, however, BCDH should bring to light its third quarterly report for 2011 as it has now been long overdue. On Nov. 14, CEO Jeff Holroyd submitted a notification of late filing regarding the quarterly report in question, citing an accountant conflict as the main reason for the delay.
