the stock rose up and caused problems to the company. Though, it looks like it hurried up to fix them.On the same day BBRD began to move down, the stock was promoted immediately by Nebula Stocks. The compensation for the campaign totaled $4,500, however, the paying party was not revealed.
Along with the promotions, Blackbird Petroleum reported the names of its board and management members who will be involved in the operation of the company’s casinos in Mexico, North America, the Caribbean and East Europe. Last week, BBRD announced it has signed a letter of intent to acquire a 50% interest in a Mexican Casino. Though, the definitive agreement is yet to be signed on or before April 6 this year.
If the combination of promotions, positive news and optimistic expectations can pump up BBRD stock price is just a matter of time to be seen.
Blackbird International Corporation is a publicly traded casino and gaming room operator, seeking to expand its operations in North America, the Caribbean and East Europe. Apart from the fact that the company has filed its 10-Q report with a delay, it doesn’t look inspiring at all.
According to the report, Blackbird is completely out of revenues and its balance sheet looks almost empty, excluding the liabilities section. At the same time, the company’s cash and cash equivalents point zero, while the stockholder equity has a negative value.
Based on these facts, it seems that Bird Petroleum exists mainly on optimistic expectations, promotions and no cash.
