December 10, 2012 at 04:59 AM EST
CirTran Corporation (PINK:CIRC) Bursts on the Scene
A new penny ticker burst on the scene late last week after emerging from bankruptcy: CirTran Corporation ( PINK:CIRC ). The company is famous for its licensed Playboy energy drink and other innovative products, yet only recently it added 200% to its stock in a bid to move away from the triple-zero stock price. While the company is not being actively promoted, it managed to get good volume on press releases after a US court declared the company out of bankruptcy and allowed it to protect again its Playboy energy drink license. Besides a range of innovative and interesting products, CirTran Corporation may be facing some trouble in the financial department as high liabilities and writing off losses sent the company to bankruptcy court. Here is the latest status for CIRC: $39,497 cash $1.22 million total assets $28.64 million current liabilities $344,514 loss from operations This negative working capital may spell trouble for the company, which now faces a legal battle for its bellwether brand. If the company manages to improve its condition, it may benefit from its long history as manufacturer of innovative electronics. The company has several product lines in its portfolio besides drinks and electronics- sports shoes, web consulting services and cheap offshore manufacturing services. The positive news lifted its stock from $0.0006 to $0.0018. [BANNER] Pink sheet companies dealing with beverages have a different path, relying on a solid product to break through and remain a risky bid. In the case of Bebida Beverage Company ( PINK:BBDA ) success may come slowly and lag behind the PR hype on news websites, thus posing danger for large intraday losses. The BBDA ticker is currently not in promotion and was only briefly mentioned in an email by The Stock Wizards this summer, so the producer of relaxation drinks relies mostly on its own strength and marketing appeal. The BBDA ticker awakened after a series of PR messages stating healthy financial results and the involvement of a Coca Cola Company bottler in the development and marketing of the KOMA relaxation drinks brand. In addition to the hype Bebida announced a new shopping website serving the Belgian market and selling to several other European countries. The BBDA stock has been falling as the season for cold drinks has ended, and its summer performance showed significant risk, the ticker easily erasing two-thirds of its value within three days.
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