Inside Bulls and Whisper From Wall Street Promoting Building Turbines, Inc. (PINK:BLDW)
Building Turbines, Inc. (PINK:BLDW) is currently enjoying a very positive session due to both a bombastic press release and an at least two-pronged paid promotion powered by Inside Bulls and Whisper from Wall Street.
The latter have been paid $3,000 and $5,000, respectively to raise awareness about the stock among the vast majority of penny stock traders. What arouses greater curiosity here, though, is the fact that the start of the pump job coincides with the publishing of a full-blown piece of news regarding the sealing of an agreement of strategic importance of the company. As it is, the developer of novel rooftop wind turbine systems has now decided to equip the turbines with a full-on LED solution. There is surely nothing wrong with expanding the range of services offered, yet let us have a look at how far BLDW has gone to date.
As of Sep. 30, 2012, BLDW has cash reserves of less than $3,000, as well as some $4,000 in inventory, i.e approx. $7,000 in current assets. By contrast, it has accrued almost $0.5 million in current liabilities. The company has also evaluated its demonstration turbines at $50 thousand, while its annual net loss for the period ended Sep. 30goes somewhere in the neighbourhood of $810 thousand. Not to mention the aggregate deficit during development stage currently staying at $1.2 million. How exactly BLDW seems poised to become a leading player in the wind power industry by relying on these financial figures is totally unknown to us.
The mere $4,000 inventory could suggest that the company’s would-be turbines do stand a chance of turning into an affordable solution for end users. To verify this, however, we have no other choice but wait for actual turbine sales. How long, though?
What is for sure at the moment is that BLDW is under pump siege which, besides taking the stock up on the charts, could also wipe out a big chunk of its value in the twinkling of an eye. Check Inside Bulls’ historical pump jobs to see how they worked out in the end. If that does not seem convincing enough, just look through the past campaigns arranged by Whisper from Wall Street. You will find nothing assuring there.
