started a week ago and its peak was two days ago, when the stock soared over 50% on the market. Currently, BORK still holds the gain and the climb continues.Judging by the recent news regarding Bourque Industries, the heavy gain must be a result of the latest company’s announcement. Just a couple of days ago, BORK reported that the live-fire demonstration of its new Kryron ballistics helmet was completely successful and the company is ready for purchase orders.
Apparently, the optimistic news inspired traders and BORK kept moving higher. Though, it is too soon for the final results. Besides, the pink sheet company hasn’t been releasing any other news on its activities, which is quite embarrassing for investors.
Bourque Industries, formerly Global Platinum + Gold, Inc, is a company particularly focused on metal technology. On February 7, this year a reverse split of one for five was made effective. Additionally, the company as part of the amended Articles of Incorporation increased the authorized capital from 150,000,000 common, par value $0.01 to 500,000,000 common, par value $0.0001.[BANNER]
Pursuant to an Agreement and Plan of Reorganization approved by a majority of the common shares issued and outstanding, BORK acquired all of the shares issued and outstanding of JBIT, Inc., an Arizona Corp. in exchange for 150,000,000 restricted common shares.
Apart from the fact that Bourque has not been into releasing news lately, the company’s CIK doesn’t match with the SEC records and otcmarkets.com has removed the quote because it has been labeled Caveat Emptor (Buyer Beware) due to a number of reasons, mentioned on the website.
Based on all the above-mentioned, traders should definitely think twice before investing in BORK nowadays.
