The Brainy Brands (OTC:TBBC) is a designer, developer and marketer of early education tools. The company’s history with paid promotions has been something of a disaster so far.
The previous promotion brought TBBC stock to the current price level. Yesterday, TBBC closed up 14.5% at $0.15 with a 226 thousand share volume, slightly below the average.
Today, things may change as the company has issued a press release, and there are some new promotional newsletters.[BANNER]
As already mentioned, and as graphically visible on the chart, promotions have had a dismal effect on the stock price.
The recent newsletters seem to be a part of a the campaign from last month. If they have a similar effect, shareholders are going to take another serious hit today. There is, however, some hope that the press release may offset some of the damage.
The press release claims TBBC has received a purchase order from a major membership warehouse club chain. While this sounds like good news, the announcement fails to give any details about which chain placed the order, or what it would mean on the financial side.
TBBC’s latest financial report looks somewhat troubling mostly because of the nearly $17 million derivative liabilities. In this light, a solid market entrance through a chain would be welcome, but with so little details, traders may have to think hard when deciding what stance to take towards TBBC.
