Blue Earth, Inc. (OTCMKTS:BBLU) Bought on New SmallCapStockPlays Promotion
Toward the end of the week, Blue Earth, Inc. (OTCMKTS:BBLU) made stronger moves, with nearly 300K shares bought up on Thursday. BBLU increased by 10% to $3.38. The dollar volumes were above $1.16 million. In the past two weeks, BLU made a run up fro $2.50 to the current levels, and is again within viable distance of the June heights at $3.75.
And that goal may be even more probable, given that promoters have not abandoned BBLU completely, with the last email coming in on August 27th. Add to this a couple of supplemental PR messages about a new acquisition and a foray into the irrigation machinery market, and BBLU is back in the game.
Since the last promotion, BBLU shared the newest financial results, showing:
- $3.2 million revenues
- $5.3 million net loss
- $3.8 million cash
- $11 million total current assets
- $6.5 million total current liabilities
BBLU took up a bit more debt compared to previous quarters. And the acquisition of Millennium Power Solutions for $14.5 million would be paid for with 3.6 million shares, just below the 10% of shares outstanding proportion that would make the dilution worrying. The rest of the sum would be covered by future fees.
BBLU has enough signs that its various businesses could thrive. Yet the promotion has once shown that the stock can be inflated to slightly disproportionate levels, going down when the promotional emails stop.
SmallCapStockPlays is the latest pumper for BBLU, but this is no surprise, the free promotion has been going on since June, on and off. Meanwhile, SmallCapStockPlays had short-term selection such as Neohydro Technologies, Corp. (OTCMKTS:NHYT), managing to lift the ticker from one to six cents, where it now drifts sideways.
And this same pumper was tempted by the Trulan Resources, Inc. (OTCMKTS:TRLR) hype, helping to boost the newly renamed company (formerly EVSV) to unsustainable heights, only to have it shed 90% or more of its value and sink below a penny.
While BBLU is sometimes holding up better than other small caps, there are hard times of corrections, so it is best to decide for yourself if you can absorb all the effects of a promotion, especially the downward trends.