Strategic Global Investments, Inc.(OTCMKTS:STBV) Crashes After Pump
A recent paid pump sent Strategic Global Investments, Inc. (OTCMKTS:STBV) flying to the top of the charts with a 71.88% increase in market value over the course of a single session. The rise couldn’t be maintained, however – after the initial buying frenzy the company crashed two days in a row.
The ticker’s fallen 29.09% and 48.72% in the last two trading sessions, losing everything it had gained during the two jumps it made earlier this month. Moreover, it just seems to be gaining downward momentum and it’s unknown whether it will halt at its previous level or fall even further.
Said plunge wouldn’t be all that surprising, especially if you consider STBV‘s financial and commercial state. The company’s quarterly report for the period ended September 30, 2013 contained the following figures:
- Cash – $13 thousand
- Total Current Liabilities – $379 thousand
- Revenues – $476
- Net loss – $316 thousand
It should be duly noted that the lack of the word “thousand” after the numeric value of the company’s revenue is not a mistake. With this fact in mind, it should be obvious why SRBV share price is so abysmally low.
The company tried to cash in on the marijuana hype with its latest press release, but as with all hype exploitation tactics that didn’t work out in the long run, and now it’s back to one fifth of a cent.
As usual, potential buyers should do proper due diligence before investing in high risk stocks. FINRA advises extra care when looking at new pot sector entrants.
