The penny shares of BOLDFACE Group (BLBK) have been as exciting to trade as standing in line at the DMV on the day their air conditioner is broken. Focused on branding Khroma Beauty by Kourtney, Kim and Khloe Kardashian for a holiday season launch, there has yet to be one day when television’s most watched family has made BOLDFACE the most traded penny stock.Say what you will, but when two of the hottest women join forces, Kim Kardashian and Maria Bartiromo, can’t pump the price of BLBK stock, chances are that nothing can.
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BLBK Stock Chart
Market Cap: 27.26M
Close: 0.32, up 0.01 (3.23%)
Volume: 47,033
Dollar Volume: $15,788
High: 0.365
Low: 0.31
Trades: 19
Average Trade Size: 2,475
Authorized: 300,000,000
Issued and Outstanding: 85,200,116
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Two days after the CNBC closing bell interview that had Wall Street traders staying on the floor to catch a glimpse of the greatest asset ever created, BLBK stock traded less dollar volume than a typical night put for a single Kardashian.
There’s no better two women any investor could hope for to help promote the stock of a Company that could eventually generate millions in revenues. Paris Hilton leaked porn video and had two successful sales cycles form her sponsored perfume, eau de toilette for you fancy pants folks. So the question really is, what did Kim and Maria have to say about BOLDFACE and BLBK stock on Wednesday this week?
Beauty truly is in the eye of the beholder.
About BLBK Stock
BOLDFACE Group Inc. is a licensing + branding company founded by Nicole Ostoya and Robin Coe-Hutshing, beauty industry veterans with over 40 years combined experience. The Company’s focus is on licensing top tier entertainment and designer brands for opportunities in the beauty market by contracting to design, manufacture and sell branded color cosmetics, hair preparations, fragrances, home fragrances, skin care, beauty tools, and other beauty products in all channels.
The Company expects to launch its initial brand, “Khroma Beauty by Kourtney, Kim and Khloé” in December 2012 with a holiday collection at Ulta Beauty and other stores, followed by a full brand roll out in January 2013. The vision for the Khroma brand is luxury products at affordable prices in the mass retail channel. Other celebrity licenses are currently in negotiation. BOLDFACE has written commitments to purchase Khroma products from Ulta Beauty, Sears, Kmart and Meijer, and is currently in active discussions with other retailers, including some of the largest pharmacy chains in the United States, regarding the Khroma products.
Bottom Line: BLBK is one penny stock investors are gonna have to wait on for any momentum to build on it. It’s likely that this may be round one of seeing the Kardashian pump circuit with a second round to come near the holiday season. STVF and ORYN have both had successful first rounds earlier this year and have both embarked on their round two circuits.
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