No news, just promotions – two of them, came out yesterday evening for Bulova Technologies Group Inc.(PINK:BLVT) and it is yet to see whether the money paid for the newsletters was worth spending. 
The past few days have not been the best ones for Bulove. In fact, it has been more than 4 months since this stock has seen levels of $0.1 per share. At present, it gravitates around $0.05, the yesterday session closing at 0.041, being another day of decline in the stock price. On the other hand, there has been vivid trading activity this Monday. A total of 478k shares exchanged hands, which is quite a bit, compared to last Monday`s 25k, or last Tuesday`s 100. It is also important to mention, though, that out of these 478k, one third or 180k were due to short-selling activity.
As mentioned, there are two promotions at hand. Those came out yesterday evening, set to have an effect on the session today. With no news at hand presently, it is only natural that they include general information about the company. Since $5k are paid to two promoters for a two-week investor-relations contract, it is highly probable that more are to come. Now, apart from Bulova`s business and management track record, there are facts that are not mentioned in the newsletters, one being financial results. [BANNER]
The above is not really strange, since Bulova holds a balance sheet, which does not exactly inspire optimism at present. The 10-Q for the first 3 months of the year is a good example. Among other figures, it includes the following:
- $135k in cash;
- $1.8 million in total current assets;
- $13.3 million in total current liabilities;
- $23 million in retained deficit;
- $789k in revenues;
- $1.1 million in net loss;
These are the raw figures, which might not seem too bad for a pink sheet company. Yet, it is the element of comparison that might be of concern. Revenues for the same period last year were almost 8 times higher than the ones for 2011. With that in mind, while the catalysts at hand (promotions) could create a short-term hype on the stock market, positively affecting the price, it is uncertain what the stock price would be even 1 month from now.
