Bluforest, Inc. (OTCMKTS:BLUF) Prepares for New Promotional Week
From $1.51, Bluforest, Inc. (OTCMKTS:BLUF) may make run this week, at least this is what the newest pre-trading emails on Monday promise. The campaign for the carbon-trading firm is expanding,reaching 114 emails in total, and a price tag of $420,000. The stock reached $2 for a while, made a sharp turn for the worse, and headed up again at the end of last week. Now, it remains to be seen if the new trading session will continue on the same note.
Along with the emails, BLUF sent out a PR message on possible upcoming contracts that would ensure $12 million revenues, a colossal sum given the results until now:
- $1,357 cash
- $18,080 total current assets
- $3.6 million total current liabilities
- Zero revenues
- $416,085 net loss
But don’t forget that the upcoming revenues are only a promise mentioned in a letter of intent, which is yet to materialize as a contract. BLUF curiously called itself “an emerging leader”, a pompous phrase which could be said of any emerging company. The real purchases of carbon credits, based on the forest holdings of BLUF, are to start in September.
This may mean that the next month may also be strong, as BLUF reminds of itself with press releases. So far, the stock managed to grow more than 11% at the end of last week, on dollar volumes above $530,000.
The latest email for BLUF came again from SIRI.BIZ, one of the highest-paid pumpers, receiving $200,000 for a series of emails. The latest price tag is $100,000 Euros. And on Thursday and Friday, a whole team of lesser pumpers mentioned the ticker in exchange of $10,000, to remind investors that the last month and a half has been wildly successful for BLUF.
But past success is no indicator of future stock movements, and BLUF could in fact tank as enthusiasm fizzles out. The past record is proof enough that BLUF is capable of sharp corrections even inside a single trading day.
If you are looking for something more stable in the ecological niche, look toward Blue Earth, Inc. (OTCMKTS:BBLU). The solar panel company is now moving sideways, but remains robust, hovering just below $3.
If the promotion continues, it may achieve higher prices for BLUF by sheer brute force. But it may also cause the reverse, a chance for previous buyers to shed their holdings. In any case, do your own research on the viability of BLUF, and do not invest unless you can afford to lose the sum in whole or in part.