Blue Earth, Inc. (OTCMKTS:BBLU) On a Wild Streak
The promotion for Blue Earth, Inc. (OTCMKTS:BBLU) seems to be working amazingly, taking the company on a steep run. The ticker was boosted in the past three days by press releases stating a potentially lucrative contract, and BBLU added nearly 15% to $1.92.
The latest news from the company mention an upcoming acquisition of an EPCM company (engineering, procurement and construction management) to boost its portfolio of projects and potential earnings. The deal will be paid by issues of preferred shares, and is expected to close in 30 days. So far, BBLU has been dealing with clean and renewable energy projects, resulting in the following financial strengths and weaknesses:
- $659,009 cash
- $5.9 million total current assets
- $6.6 million total current liabilities
- $9.9 million revenues
- $11.2 million operating loss
It seems that BBLU still has to get its act together on enough lucrative projects to bridge the loss gap. So far, the company has performed well enough to keep the BBLU ticker in a very respectable price range.
Another plus on the BBLU chart is the deal with Kyocera, Inc.for operations and prevention in the San Diego factory of Kyocera. Also, there are preliminary agreements for solar power plants, and the company marked a very strong increase in 2012 revenues, nearly double the earnings of 2011.
The next few days may turn out bullish, but BBLU could also correct, although its past record does not show dramatic drops. Our record shows that in May, BBLU received significant attention from pumpers, for a total budget of $80,000. The campaign contained 29 emails, from a series of promoters. Several pumpers report receiving a compensation in free-trading shares.
SmallCapStockPlays has been touting BBLU since March, and it has become one of its staple promotion. Meanwhile, the pumper runs parallel minor promotions, which may give us a glimpse of the effect of emails on stock price. The shares of Eco-Trade Corp. (OTCMKTS:BOPT) moved higher on the promotion, but sank dramatically once the investors decided to leave. While BBLU seems more stable, it is still better to decide in advance your time horizon and your potential to absorb losses.