Although You On Demand Holdings, Inc. (OTC:CBBD) has not posted any corporate updates for two weeks now, it somehow managed to deliver quite an extraordinary market performance yesterday.
Closing Wednesday’s session at $0.122 per share, CBBD stock actually set a twelve-month record. In addition, the volume also reached a 52-week maximum, ultimately going beyond the 11.4 million mark, i.e light years away from the average daily trading volume of 1.35 million.
As expected, yesterday’s momentum did not go unnoticed by third parties, who quickly joined forces to embark on a non-paid alert campaign in support of CBBD stock in the forthcoming session.
Occupying the cable television services, You On Demand Holdings, Inc. is a provider of both pay-per-view and video on demand premium content in China. The company has been a diligent SEC filer, thus adhering to a fairly transparent financial policy toward investors. CBBD’s first calendar report for 2011 came with a week’s delay, yet it revealed:
- $4.6 million in cash;
- working capital surplus of $1.5 million as opposed to $3.5 million a/o Dec. 31, 2010;
- $1.7 million in revenue and a net loss of $2.64 million in comparison with $1.07 million incurred in Q1 of 2010.
In a nutshell, CBBD’s financial health is far from perfect. Nevertheless, it does have a sufficient amount of assets to continue as a going concern, at least in the short-term. To ensure long-term growth, however, Mr. Mcmahon & Co. will have to go the extra mile in order to bring the losses to a halt.
