As Kris Humphries, star of the New Jersey Nets, will tell you: Betting long on the Kardashian word is about as smart as walking in front of a bus. So, would a long investment in BOLDFACE Group Inc. (BLBK) prove otherwise with their licensing agreement with Kourtney, Kim and Khloe Kardashian? For now, BLBK stock is a fresh face trading up 8.00% right now at 0.54 with $92,536 dollar volume (168,910 share volume), but the history behind the group will prove that even these vixens can’t sway the penny stock for very long.
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BLBK Stock Chart
On May 21, 2012, Max Cash Media Inc. changed its name to BOLDFACE Group, Inc., increased their authorized capitalization from 110,000,000 shares (100,000,000 shares of common stock and 10,000,000 shares of preferred stock) to 310,000,000 shares (300,000,000 shares of common stock and 10,000,000 shares of blank check preferred stock).
The Company is banking itself on branding and licensing products with well-known celebrities. With the sheep of the retail world following celebrities, the Company began with a licensing agreement with Kourtney, Kim and Khloe Kardashian.
On May 9, 2012, BLBK, entered into a licensing agreement with 2Die4Kourt, Inc., a California corporation wholly owned by Kourtney Kardashian, Kimsaprincess, Inc., a California corporation wholly owned by Kim Kardashian, and Khlomoney, Inc., a California corporation wholly owned by Khloé Kardashian. The names of those three Kardashian owned companies are about as Beverley Hillish as you can get.
BLBK acquired the exclusive worldwide right and license to use certain trademarks owned by the three Kardashian Corps in connection with the development, manufacture, production, distribution, advertisement, promotion and sale of a line of cosmetic consumer products, including a high end line of any of such products to be sold at certain high end retailers. The three Kardashian sisters also need to get out there and shake that money maker for BLBK as part of the agreement for the next four years or until the smoke clears from the dust when the dump occurs
Khroma Beauty, by Kourtney, Kim and Khloe, is expected to launch in December 2012 with a holiday collection at Ulta Beauty, CVS and other stores, followed by a full brand roll out in January 2013. That’s great and an incredible opportunity, if BLBK was to even make it until December to realize those sales.
BLBK stock insiders have a darker past than the Kardashians.
Over at PromotionStockSecrets, one of the best Due Diligence guys around uncovered the dark secrets behind BLBK and their insider’s histories. Rather than re-word my own re-research, you can see behind the curtain on BLBK here. NoDummy, as he is known on iHub, is as unbiased as you can find and his extensive DD on BLBK is top-notch.
About BLBK Stock
See here for a good bathroom read.
Bottom Line: Al Pacino was probably think of Kim when he used his line in Devil’s Advocate: She’s got a great penny stock! BLBK is on the list of pump and dumps which should offer little chance of any long gains, regardless of all the publicity these celebrities can round up with their images. Wonder how much Khroma Beauty will be sold after Kim and Kanye release their sex tape.
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