PR Announcement, Accessible Price Bring Big Three Restaurants Inc. (PINK:BTHR) To Attention
Warm weather is approaching and a leisurely restaurant meal in the sunshine may mean good business for Big Three Restaurants (PINK:BTHR), a ticker that recently shot up in record volumes, adding 60% to $0.0016. It is curious to see what caused the heightened interest, with one probable version being a mopping up of a relatively accessible stock. But something else must have attracted the attention of investors. 
BTHR recently announced it increased its franchise holdings, as so far the pink-sheet company holds franchises for several KFC, Taco Bell and other food chain outlets. The filings reveal the following financial situation for the food and entertainment business: 
- $10,168 cash
- $124,844 current assets
- $4.3 million current liabilities
- $947,769 net quarterly loss
Since BTHR was announced as a shell company, it is reasonable that its balance sheets would not reflect the whole group’s results. On the OTC description, BTHR claims to own restaurant attracting more than $8 million in annual revenues.
The shell company for the franchises was known in 2011 as Bella Petrella’s Holdings, and it was a seldom-traded position. Two years ago, a paid promotion spiked the stock to a venerable price of 51 cents, followed by a long period of inactive trading when the ticker slid to double-zero.
The company has not been promoted since the summer of last year, but an active series of press releases boosted volumes in the past few months. The company has a market cap of just about $843 thousand, and although the restaurant business may be booming, a double-zero ticker has its own traps that have little to do with the food industry and a lot to do with how fast investors decide to move.
Many double-zero tickers awakened out of nowhere in 2013, promising easy gains even in a single day. Previously defunct promotions or totally unknown companies kept logging record buying volumes and sometimes managed to double their price before falling back again the next day. Chancery Resources, Inc. (PINK:CCRY) returned as a double-zero bid on valley buying.
