Aristocrat Group Corp (OTCMKTS:ASCC) Surges

[[tagnumber 0]][[tagnumber 1]]After a rather uneventful first half of the year we finally saw a bit more investor attention directed towards the stock of Aristocrat Group Corp (OTCMKTS:ASCC) in the past few months. One of the main reasons for it was a paid promotion that did its job and pushed [[tagnumber 2]]ASCC[[tagnumber 3]] all the way up to $2.75 per share on August 17.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]What followed was a massacre that pushed the ticker well below the $1 per share mark by the middle of last month. Then we saw [[tagnumber 2]]ASCC[[tagnumber 3]] begin climbing the charts again. This time it wasn’t an effect of a paid promotion, but the result from some fluff PR. The momentum managed to push [[tagnumber 2]]ASCC[[tagnumber 3]] to $1.65 in a couple of days, but the ticker returned to sliding.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This really isn’t that surprising and a quick look at the company’s balance sheet shows the reason. Here is what the company had to offer in its quarterly report for the period ended April 30, 2015.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 19]] [[tagnumber 20]]cash: $40 thousand[[tagnumber 21]] [[tagnumber 20]]current assets: $86 thousand[[tagnumber 21]] [[tagnumber 20]]current liabilities: $400 thousand[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $34 thousand[[tagnumber 21]] [[tagnumber 20]]quarterly net loss: $508 thousand[[tagnumber 21]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Let’s not forget that the company’s flagship brand, RWB Ultra–Premium Handcrafted Vodka was launched two years ago. Looking at these numbers we don’t think that it has been doing very well since the launch. On the other hand, yes, the revenues are quite small, but they have increased when you compare them year–over–year.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Unfortunately, so has the net loss. Still, the company is tying its best to keep investors’ attention and boost the price of the stock. After Wednesday’s press release didn’t immediately push [[tagnumber 2]]ASCC[[tagnumber 3]] up we saw the ticker surge 36.25% in yesterday’s trading and close at $1.09, crossing the $1 per share mark once again. The volume was big compared to the 30 day average, but the 88 thousand shares that changed their owners generated only $84 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]][[tagnumber 2]]ASCC[[tagnumber 3]] is still in the green in today’s trading and we might see the ticker finish the week even higher. That, however, doesn’t mean that you should skip on doing your due diligence and weighing out the risks before putting any money on the line.[[tagnumber 4]]