Although Building Turbines, Inc. (PINK:BLDW) did not change a wit last Friday, BLDW stock is now in for a pump-and-dump game starting today.
Closing at $0.092 per share, BLDW remained at its Thursday value, which means that the turnover of 36,525 shares of common BLDW stock proved insufficient for a boost. That is why, the newest promotional campaign in favour of BLDW stock, which is estimated at $25 thousand, is expected to artificially pump the market value of the company’s stock, albeit for a relatively short period of time.
BLDW has issued no news for the last two weeks. The company utilizes a novel patent-protected wind turbine product designed to provide affordable wind energy for its customers.
As lucrative as BLDW’s business might seem, it has yet to prove successful for both managers and stockholders. According to the last few quarterly reports, BLDW’s working capital gap is on the increase. The same goes for its net losses. As a result, the annual report covering the period ended Sept. 30, 2011 indicated cash reserves of $617, working capital deficit of $238 thousand and a net loss of $372 thousand.
Unless BLDW managers find a way to popularize their product in the near future, stockholders will most probably continue to incur losses on a quarterly basis – a trend even occasional pump-and-dump games like the present one could barely avert.
