High Performance (OTCMKTS:TBEV) Soars Even Higher

Yesterday bought High Performance (OTCMKTS:TBEV) even further up the charts, with an incredible 63.64% jump that left the ticker higher than it has been for months.

Apparently this jump was caused by the hype surrounding the unveiling of the company’s new web site. Well, said unveiling happened, and for some reason investors got even more excited, even though the site contained virtually nothing significant. It did not have any valuable information that would suggest that TBEV‘s stock would be a good investment for opportunistic traders or long term investors. As a matter of fact, the site didn’t even have a working online store!

Under the circumstances, it is very difficult to discern what got investors so excited. As it is now, TBEV behaves almost as if it is on the receiving end of a rather extensive paid pump, but interestingly enough, that does not seem to be the case this time.

Still, very few diligent investors will be surprised if it turns out that TBEV is being touted. After all, this would hardly be the first time such a thing has happened.

This, of course, does not help the company’s credibility, especially since note-holders have converted and sold BILLIONS of shares on the open market while all of this pumping had been going on:

• as of June 23, 2014 TBEV had 257 million shares of Common Stock
• as of June 18, 2015 TBEV had 2.25 BILLION shares of Common Stock

What’s worse is that it doesn’t look like the rain of dilution is going to end any time soon, since at the end of April, TBEV still had approximately $2.3 million worth convertible debt outstanding. Worse yet is the fact that all of aid debt is quite toxic – some of the discounts in its provisions range from 40% to 50%, and the rest can be turned into shares at fixed prices as ridiculously low as of $0.0001 per share!

Long story short – TBEV‘s situation looks pretty grim and more than a bit suspicious, even before you take into account the horrifying financial figures that the company gave in its latest report.

This being the case, investors are advised to think really long and hard about whether or not they want to commit to TBEV‘s stock.