High Performance (OTCMKTS:TBEV) Reaching Higher

[[tagnumber 0]][[tagnumber 1]]Back in the beginning of August we saw High Performance (OTCMKTS:TBEV) soar through the charts, reaching heights of more than $0.0025 per share by the end of the month. Unfortunately, the ticker quickly began to slide and dropped below the $0.0010 mark earlier this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then it has been rising and gathering momentum, but the volumes of traded stock have been dropping. The upward movement comes in anticipation of the launch of the company’s High Performance Sport Beverage that is supposed to be shipped to their warehouse this Friday. After all, [[tagnumber 6]]TBEV[[tagnumber 7]] does need to put out a product out there because the numbers contained in their report for the period ended April 30 weren’t very promising.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $308 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $308 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.12 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]operating loss: $283 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]What is most troubling is the fact that $2.18 million of the company’s $4.12 million in liabilities are in the form of senior convertible notes. This means that [[tagnumber 6]]TBEV[[tagnumber 7]] can see quite a lot of dilution in the future if these notes are converted into common stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the ticker keeps rising and it manage to add another 10% to its value in yesterday’s session. As [[tagnumber 6]]TBEV[[tagnumber 7]] was going for a close at $0.0022 we saw a total of 162 million traded shares that generated $340 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems, however, that this is as far as the ticker can go for now as we see it 9.09% down as of the writing of this article. In any case, trades surrounding Friday will be quite interesting so be sure to keep an eye for [[tagnumber 6]]TBEV[[tagnumber 7]] and don’t forget to do your due diligence before putting any money on the line.[[tagnumber 2]]