Yesterday, the stock price of Blue Gold Beverages Inc. (PINK:BGBV) moved within the frames of the $0.0061 low and $0.0085 high and eventually finished up 14.29% higher than the previous close at $0.008.
The total amount of traded shares exceeded 3.558 million which is several times higher than the 3-month average. In fact, BGBV kept generating higher than the average volume in the last couple of days.
The official FINRA website showed that 2,757,290 million shares were exchanged in short transactions during the trading session. This means that in relative measure the short volume generated yesterday reached 80% of the total volume.
Yesterday the company received a promotional coverage by Penny Stock Alerts. The promoter sent out a newsletter which informed that the newsletter was owned, operated and edited by IPR Agency LLC based in California.
The disclaimer also shows that the promoter had been compensated up to $40,000 via bank wire to conduct two days of investors relations marketing for BGBV by a third party called Stock Mister.
The promoter also warns that: “The third party, company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices.”
Therefore investors will have to carefully estimate the risk of investing in the stock during the promotion as it there no guarantee that such liquidation will not take place in the next couple of sessions.
