Days before the New Year came, Christmas granted investors as a gift a spontaneous and unexpected boom share price boom. This boom continued up to the middle of January. What is more interesting, BYOC stock was rushed on only one available official company’s disclosure. The two new appointments in the company’s Board of Directors made a miracle with the landed at the bottom BYOC.
In two weeks time, seems on the above news only, BYOC added 86% to its value, which was naturally followed by two weeks of weak shares’ performance.
In order to prevent the further sharp decline of the share price, a non-controlling third party shareholder of BYOC devoted fifty thousand dollars to stock promoters for BYOC advertising and promotion.
Like the opening of the trading week for BYOC shows, this time BYOC’s explosion is shot by the fireworks of the paid stock promotional campaign in an unpredictable scale.
Opposed to the successful start of the week for BYOC’s shares, last company’s financial report may rather cool investor enthusiasm. As of September 30 2010, the company had a working capital deficit of $13 million. For the three month period ended September 30, 2010 BYOC reported revenues of one ninth part of the reported revenues for the same period one year earlier.
In addition, the information about the widely presented company’s subsidiary KaChing, Inc. is maybe not so comprehensive.
Last April, KaChing merged with Duke Mining Company, Inc. and became a new public company. Now, Beyond Commerce, Inc. owns 20.6% of KaChing’s outstanding stock. As a result, BYOC’s future operating results will not include consolidated operations or financial results of KaChing.
