As CLKZ hit a nearly 100% gain from Friday night close in the early trading yesterday, the stock’s promoter hurried up to update his newsletter subscribers on the incredible performance of his pick, and also to promise an “emotional finish” of the day. CLKZ did not surge any further on that recommendation, but did not disappoint that much either, closing the session at $0.0305, or almost 85% higher than the day before. The volume exceeded 8.48 million shares and was the highest for the stock in the past ten years.
According to the disclaimer of yesterday’s e-mails, the promoting website that advertised CLKZ yesterday is held to 75% by BlueBlueWave Advisors, LLC and the remaining 25% are held by Stock_Analyzer. BlueWave Advisors in turn has been paid $60,000 by a non-controlling third-party shareholder of CLKZ for the promotion.
Also behind the stock’s magnificent performance yesterday were the two press releases from the company. The first one said that Clicker has acquired www.dahoodbuzz.com, a website publishing Hip Hop and Urban content; the second one announced the launch of www.sportsgulp.net, a website focused on social networking of sport enthusiasts.
However, the value of that new assets is more than questionable, or at least it will time a lot of effort to get them going: both sites have ignorable Alexa rankings, get less than 150 views per day and could all together bring less than $65 from adds per month. For a quick comparison, CLKZ made in the last reported quarter sales of $24,000 and its Selling General and Administrative costs exceeded $1,000,000.
In the meantime, last month Clicker supported once again its cash position, possibly again at the cost of its shareholders. The terms at which the company is able to raise capital are getting only worse. CLKZ sold a new 10% convertible debenture in the principal amount of $130,000 to an accredited investor, who can at any time convert the amount due plus interest into shares of common stock at a conversion price equal to the lesser of (i) 35% of the lowest closing price during the 10 trading days preceding the conversion date, or (ii) $0.00525.
