If it worked for Beyond Commerce Inc.(OTC:BYOC) in January, it should work again. The circumstances are similar, and so are the supporting facts put to use by promoters. Whether 150% up is possible again, is yet to see. There is, however, something else which traders should have seen by now. 
Beyond Commerce currently gravitates around $0.02 per share on low trading volumes. Much like at the end of January. Inspired by the success back then, promoters step in for another rally.
This Sunday, a new promotion hit mailboxes, which one more time points out some wonderful facts about an undervalued e-commerce company. Not surprisingly, promoters don`t focus on the financial state of Beyond Commerce at the present moment, but prefer to dream about the near future, when millions of revenues would come into place.
There are two possible reasons for that. On one hand, this is the penny stock world – promoters are paid to paint the picture of a marvellous future for the company. If a promoter simply states that the company has severe financial difficulties, that its stock has dropped dramatically over time and that there is much uncertainty about its existence in the near future, then he would not be in business for a long time. A promoter is set to get you excited, not to get you acquainted with the facts of the matter. [BANNER]
Second, even if there are such promoters who want to inform their readers of the actual financial condition of a promoted enterprise, they would find it difficult for Beyond Commerce. The company has last filed a 10-Q in 2010 and the period in question is the third quarter of the year. Six months after that, traders are still waiting and what they see is notifications of late filings. Well, they can always check the last 10-Q, form an opinion based on the data inside and make the following comparison:
- total current assets on Sep. 30th, 2010 – $193k; on Dec. 31st, 2009 – $608k;
- cash on Sep. 30th, 2010 – $1237; on Dec. 31st, 2009 -$7205;
- total current liabilities of $13 million on Sep. 30th, 2010; $13 million on Dec. 31st, 2009;
The other figures are similar and so is the company statement in Note3 of the document – Going Concern: “These factors, and our lack of ability to meet our obligations from current operations, and the need to raise additional capital to accomplish our objectives, create a substantial doubt about our ability to continue as a going concern.”
The above is more than enough for the company to try and speed up its SEC filings. After all, there were several positive changes in the management board, which the promoters also mention. If Beyond Commerce has also managed to improve the balance sheet in the past 6 months, then there might be indeed a long run coming its way.
Otherwise, while the promotion could double the stock price in a matter of several hours, it is highly unlikely that it would manage to keep it there. Which means a sharp drop could follow, much like the one two months ago.
