They were not exactly successful in February, and it is yet to see what promoters could do for BookMerge Technology Inc(PINK:BRKM). In fact, there are three types of sessions for this company. The first type – no news, no promotions, nothing new for very little trading activity. The second – news or promotions or balance sheets out for very little or modest increase of the trading activity for the day. The third type – no news, no promotions, nothing out, yet a one-day trading frenzy takes place. 
Today, there is the promotional session at hand. Yesterday, there was positive news. What is more interesting is that despite the very low trading volumes, there are sharp jumps and slumps in the share price all the time for this stock. This week is no exception as Monday opened at $0.1 and Tuesday closed at $0.15 per share. Not unusual, there was nothing to justify this price movement. Furthermore, there is news at hand from yesterday, together with promotions today. Yet, it is to see what the effect would be on the stock market, if any. After all, the press release is optimistic overall, yet there are no names included which makes it somewhat vague.
The one document to look into, however, which could provide real objective information about the current situation of BookMerge is not less confusing. It is the 10-Q form, the last one that came out covering a period with an end date March, 31st this year. The numbers in it are not quite optimistic:
- $1417 in cash;
- $84k in total current assets;
- $264k in total current liabilities;
- $171k in revenues;
- $320k in net loss after taxes; [BANNER]
Now, the figures above are not something exceptional in the penny stock world. The interesting and confusing part comes when a person compares revenues on quarterly and annual basis. For example, according to the same document, the revenues for the last nine months are less than the revenues for the last three months. To be precise:
- $171k in revenues Jan. 2011 – March, 2011;
- $110k in revenues July 2010 – March, 2011;
So, the question is – how is this possible? Is this a typo or is there another explanation? Whatever the case maybe, it does not really help improve the confidence in investors. In terms, uncertainty is to prevail for BookMerge, at least in the short term.
