High Performance (OTCMKTS:TBEV) Takes Another Beating
High Performance (OTCMKTS:TBEV) seems to have delivered on its promise, giving investors the hope that it may actually create some real value for them in the near future. So why is the ticker falling presently?
Well, as usual, there is no way to be absolutely sure of the reason of the stumble of an OTC Markets ticker that doesn’t report its every move, but TBEV‘s filings do reveal a possible cause for its current course.
Convertible notes payable constituted $2.18 million of TBEV‘s current liabilities as of the filing of its latest financial report, covering the period ended April 30, 2015. Suffice it to say that the ticker’s present volatile state would have created the perfect environment for the company’s noteholders to actually make a profit on said debt.
The fact that TBEV‘s number of shares outstanding has grown from 212 million to 2.2 BILLION between February and June 2015 speaks volumes in and of itself. Mainly it is proof that TBEV‘s management is not all that reluctant to poison investor value with toxic dilution. And with a conversion price of $0.0005 on fully half of the company’s outstanding convertibles, the debt was toxic indeed.
Investors would do well to consider this possibility, as well as the fact that the company has upped its authorized shares to 5 BILLION when making their minds up about TBEV.
