Blue Calypso, Inc. (OTCBB:BCYP) Climb Interrupted
After picking up quite a lot of speed on Monday and going up 18%, yesterday the sudden surge of Blue Calypso, Inc. (OTCBB:BCYP) ground to a near-halt, with the stock closing just 1% in the green despite churning almost double the share volume of the previous session.
Blue Calypso offers online friend recommendation solutions or ‘digital word-of-mouth’ as it likes to call it. The company last chimed in with a press release in mid-June when it announced more patents being issued and filed for.
The company has not been doing too well financially despite the optimism gushing forth of some of its news releases. The most current quarterly from BCYP is dated March 31 and contains the following:
- $64 thousand in cash
- $515 thousand in current liabilities
- $10 thousand in Q1 revenues
- $970 thousand in Q1 net loss
Topping those dismal results is a 2012 yearly net loss of over $5 million. Mobile advertising platforms suddenly look like a less lucrative field of work after a brief glance at these numbers. The fact that BCYP was been pumped on several occasions in the past with the latest round of touts arriving in mid-June also doesn’t help. The earlier pumps from February 2013 were compensated with $50 thousand and contained headlines suggesting BCYP was the new Facebook.
The company did toss around a number of patent infringement lawsuits against some much bigger names including Groupon and Yelp. With claim hearings scheduled for November this year, promoters will probably have enough time to reiterate the potential benefits for BCYP in case the company wins in court – an event the likelihood of which traders should consider for themselves.
Other stocks that commanded significant dollar volume in Tuesday’s session include Xumanii, Inc. (OTCMKTS:XUII) – Awesome Penny Stocks’ long-lived pump that crashed 44% on heavy volume. Bullfrog Gold Corp. (OTCMKTS:BFGC) closed nearly 27% up on dollar volume approaching $1 million.
