Blackbird International Corporation (PINK:BBRD) has a very sketchy trading history, but in the last several sessions the stock seems to have come back to life. A promoter is stepping in for today.
Yesterday BBRD closed down 10% at $0.045 on 422 thousand shares, volume it hadn’t seen in a long time. The promotion may help with that.
OTCEquity is touting BBRD for today. The pump email calls BBRD a “potentially hot opportunity.” This may have something to do with the $19.5 thousand paid by a third party for the advertisement.[BANNER]
The company announced its “strategy for acquisitions,” or at least that’s what the title of a press release said. In fact, as far as strategy goes, the release said little more than that BBRD “is active in acquiring several synergistic companies in this niche market.”
BBRD acquired Insight Group Technologies, Inc. on August 15, 2011 which is currently the only revenue source of the company.
The revenue from Insight is not enough to finance the company’s plans pertaining to the casino project in Mexico, nor the planned acquisitions. BBRD intends to finance the implementation of its business plan through the sale of common stock and the issuance of debt.
Traders and potential investors have a decent amount of information to form an opinion on BBRD, although more complete financial information could help. The company hadn’t been promoted for nearly a year, and that sometimes helps.
