CUBV_chart.pngCuba Beverage Co (PINK:CUBV) went down 14% to $0.23 on a volume of 544 thousand shares. Trading activity was much higher than the 90-day average index because of a started promotional campaign.

CUBV started with an 18% gap at the session opening after a couple of promo letters were spread around. The promoters Epic Stock Picks and Penny Stock Mafia revealed that they were compensated $60 thousand for the service and were probably acting as a group. The other promoters, Stock Mister and News Worthy Stocks, arrived with truncated letters, which made it impossible to determine their compensation.[BANNER]

Two days ago, CUBV announced that it was going to continue its road shows, which according to the words of the company, turned out to be successful. Unfortunately, the market neglected both the announcement and the recommendations of the promoters and decided to sell the stock.

2CUBV_logo.png

CUBV is a company which produces energy beverages that are free of artificial sugars. Apparently, the company was unable to file recent financial report. Thus, investors must rely on the report from August to check the company’s fiscal state. However, this report was unaudited and filed to the OTC Disclosure and News Service instead of to the SEC. Therefore, there are no guarantees for its credibility.

It seems that the company will have to put more efforts to bring confidence in potential investors. Even the promotional campaign wasn’t able to overpower the repelling effect of CUBV’s missing financial documents.