That’s right, and not just tennis balls either because today is the first day the penny stock of Vortex Brands Co. (VTXB) will begin to trade after changing itself over from Zulu Energy Corp. (ZLUE). Still without any financial filings since September 30, 2008 other than when David J. Cutler was appointed the Company’s sole director back in April, 2013, news about $500,000 in debt financing and a float of 48,450,000 was dropped last month soon after ZLUE stock ran from 0.0013 to 0.345, a 2,553% run. With the rights to sell Vortex brand tennis equipment in the United States, you’ll need some brass balls, not tennis balls, to jump into VTXB stock from where it sits now.
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VTXB Stock Quote
Market Cap: 1.80M
Last: 0.02 ▲ +0.0002 (+1.01%)
Dollar Volume: $17,200
14-Day RSI: 51.96%
1st Resistance Point: 0.0213
1st Support Level: 0.0173
52Wk High: 0.0345
52Wk Low: 0.0013
Vortex Brands Co. announced in June that it scored a deal with an unnamed source to lend them $500,000 in a debt financing deal that the Company plans on using over the next 12 months to finance their “expansion” which includes hiring additional sales staff, some pros to teach tennis, and, the “key ingredient:” to increase awareness of Vortex Brands’ products and bring new products to market. (“Cough, Cough”) After scanning through the real Vortex Tennis site which hosts their product line that tops out at $295 for the automatic ball shooter, you too can become an affiliate sales rep for Vortex by inquiring here.
While the $500,000 “expansion deal” states that no VTXB stock will be required to get it done, paying back that amount of money from retails sales over the next 12-24 months is more bullish than thinking that soccer is due to become the new main sport in the United States as we plan ahead to 2018 for a redemption match against Belgium.
Looking back at when their were some current filings, 5 years ago, LMA Hughes LLLP, aka Hughes Ventures, Inc., aka Brian Hughes, held power of 28,900,000 shares of ZLUE stock. That was dated January 29, 2009, 2 days before Abdul Majeed Al Fahim tendered his resignation as a member of the Company’s Board of Directors. A month later, Europe Group Invest S.A. apparently agreed to purchase 4 million units consisting in the aggregate of 4 million shares of ZLUE stock and warrants to purchase in the aggregate 4 million shares for $0.50 per unit or $2 million.
21 installments were due to be made with the first installment, $300,000, to be paid on February 28, 2009 and the subsequent 20 installments, $85,000 each, to be paid twice monthly through December 2009. Suddenly – POOF! – the lights went out over at Zulu Energy and no one heard a word from them again until David J. Cutler came on board who has had close ties, serving as CFO, for both Discovery Gold Corporation (DCGD) and U.S. Precious Metals, Inc. (USPR).
So the balls in the court of the jester’s who are thinking this $500,000 financing deal that won’t dilute VTXB stock is iron clad based on how they scored that $2 million deal shortly after reporting $4,092,336 in revenues for the 9 months ended September 30, 2008. Wonder how excited the holder of the 29,400,000 shares of VTXB stock is that received them back on July 2, 2007 for $98.
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About VTXB Stock
Vortex Brands Co. is a development stage company, fka Zulu Energy Corp. (ZLUE), that has entered into the retail sales industry after entering into a licensing agreement to market and sell products manufactured by Vortex in the United States which may include tennis racquets and other tennis related products under the trademarked name of Vortex Tennis.
Issued and Outstanding: 90,000,000
Last 5 Trading Sessions:
If VTXB becomes one of the hottest penny stocks on the OTC, I will force Tina to play tennis in a bikini and upload the video on the site when VTXB shares break past 0.10. With that as a better incentive than buying into a sales affiliate program to resell tennis equipment, VTXB stock could see it’s ticker get served up for a promotion later on this month.