The week before Christmas, 2012, we highlighted a penny stock which looked very much like Vringo Inc. (VRNG): Blue Calypso, Inc., (OTC: BCYP). News had already been flowing of the Company’s multiple patent infringement cases filed against some of the biggest names in business, but shares of BCYP stock had only become active for three consecutive trading sessions at the time of the alert. The result was some followers used the alert for a quick 82% gain the following day from the open. Now that news has been steadily flowing from the award winning social media marketing company, is it poised for another break out?
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BCYP Stock Chart
Market Cap: 30.76M
Last: 0.2750 ▼ -0.005 (-1.79%)
Dollar Volume: $9,522
Issued and Outstanding: 142,980,024
14-Day Rel Strength: 40.70%
14-Day Stochastic: 20.00%
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Since the initial coverage of Blue Calypso back on December 18, news was released just prior to the open announcing how the Company was chosen as a marketing partner by a Fortune 500 national retailer to expand and enhance communication programming for their Hurricane Sandy Relief efforts. Shares of BCYP stock opened at 0.44 and quickly skyrocketed to 0.82 before settling down for a 0.02 increase for the day on volume of 881,906.
The rally continued for two more days topping out at 0.57 on December 20.
Share prices have decreased about -50% since then. Most recently, the Company filed a prospectus to convert some debt and restricted stock for the purpose of resale, 9,790,190 shares of BCYP stock. However, when you really look at the numbers, the share structure of Blue Calypso is a bit deeper than many think.
The number of shares of BCYP stock outstanding after this offering excludes:
· 9,938,210 shares of common stock issuable upon the exercise of currently outstanding options;
· 30,670,008 shares of common stock available for future issuance under the Blue Calypso, Inc. 2011 Long-Term Incentive Plan;
· 25,036,819 shares of common stock issuable upon conversion of Series A Convertible Preferred Stock;
· 3,333,333 shares of common stock issuable upon conversion of outstanding 8% senior secured convertible debentures; and
· 31,536,820 shares of common stock issuable upon exercise of currently outstanding warrants.
To counter the deep blue of the OS structure, Blue Calypso has been making waves in the industry by partnering up with Inward Strategic Consulting to launch an employee engagement survey tool, EMGage solution. The fully customized, branded platform assists companies by allowing them to leverage the power of their employees to communicate company messages across social media.
Blue Calypso is putting itself out there into the business marketplace and in much need for a quick fix. For the nine months ended September 30, 2012, the company lost $4,610,585, an amount the requires immediate attention for a start up with limited history.
How to fix the hemorrhaging of cash? Call in an expert.
Two weeks ago, the Company brought in the current MD of Monument Capital Group LLC, a Washington D.C. based private investment firm, and head of the Denver, Colorado office, Andrew Malloy, to its Board of Directors. The former Senior VP at Oppenheimer & Co. was granted options to purchase 450,000 shares of BCYP stock at an exercise price equal to $0.22 per share for a term of 10 years, vesting pro-rata quarterly over a period of two years.
If a Harvard Business School MBA program grad can’t sort out your cash flow issues, no one can.
About BCYP Stock
Blue Calypso, Inc. has created a new product, EmGage, that leverages the Company’s base technology of tracking, monitoring, and performing analytics on the spread of social media, but are targeting companies with large employee bases as the key channel of message distribution. Click here to view the SEC filings for BCYP.
Last 5 Trading Sessions:
Bottom Line: After such a short run just before the holiday season kicked in, BCYP stock has settled down and is on the list of penny stocks being actively promoted on Monday. With the clear intention at looking at BCYP as nothing more than a day-trade at this point, and not as another VRNG, keep in mind the hangover from the Superbowl and its effect on the lack of early Monday trading activity.
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