Baristas Coffee Co, Inc. (OTCMKTS:BCCI) Riding The Charts Strong
The stock of Baristas Coffee Co, Inc. (OTCMKTS:BCCI) was going through a tough period lately, after it managed to climb over the 10 cent mark in the beginning of March. By the end of last month, the ticker had sunk below it, but things are looking better now.
The company is making sure to update the public about the current situation by issuing regular press releases. It seems that the one from April 8 wasn’t enough to generate a boost in the price of BCCI, but they tried harder and it paid off.
Mentioning a well known name in your press release is a good thing. This is exactly what happened with the PR from April 10, when the company announced that it will be included in the “Most Explosive Companies” list in this month’s issue of Forbes Magazine.
This was enough to start a 2 day upward run on Thursday and Friday, in which BCCI gained 30% and 34% respectively. The volumes in the last day before the weekend increased significantly and the 32.5 million shares that switched hands, generated $4.6 million in trade value.
Still, the numbers in BCCI‘s interim financial report for the quarterly period ended September 30, 2013 seem to be insufficient for the backing of their $26.8 million market cap.
- cash: $48 thousand
- current assets: $100 thousand
- total assets: $7.5 million
- total current liabilities: $578 thousand
- quarterly revenues: $463 thousand
- quarterly net profit: $75 thousand
Yes, BCCI is one of the few companies in the OTC markets that is managing to operate at a profit. The bad thing is that the cash on hand is a bit on the low side, but then again, the company doesn’t have a lot of liabilities.
Another plus of BCCI is the business model, which includes beautiful girls in sexy costumes. Cute girls in frisky clothing is something that worked very good for Hooters and may prove to be the thing that leads BCCI to success.
What bothers us, however, is the fact that BCCI isn’t very strict with the filing of their reports. They are not reporting to the SEC, but it is still good to keep your shareholders updated on the current state of the company. It kind of helps out with credibility.
In any case, be sure to do your due diligence and weigh out the risks before making and investment decision.
On the other hand, last week ended badly for the stocks in the medical marijuana sector as Growlife, Inc. (OTCBB:PHOT), which was thought to be the the top mmj ticker was suspended.