When we last covered Black Castle Developments Holdings, Inc. (PINK:BCDH), it had just been promoted. Ironically enough, BCDH has been pumped again by a powerful advertising wave.
Last Friday, BCDH gained $0.003, or 5.45%, to $0.058 after the company, which is mainly focused on acquiring undervalued, high-potential companies operating in high-growth niches, provided investors with a comprehensive corporate profile of its current business operations. The latter unleashed a tidal wave of promotional emails worth more than $140 thousand which flooded investors’ mailboxes last night. Needless to say, with the only purpose of giving BCDH stock a huge boost in the upcoming session.
Just a couple of hours ago, BCDH issued another press release informing its supporters that it had secured a credit line of up to $50 million valid over the next five years with an asset-based senior credit facility. The agreement does not require the issuance of any shares and/or warrants, hence its non-dilutive nature.
Since BCDH has to file fully-audited financial reports for 2011 shortly, its most recent available report covers the 12-month period ended Dec. 31, 2009, which is why a new report has long been overdue.
