After nearly a 10 month slide, the penny stock of Dussault Apparel, Inc. (DUSS) has bounced off a tightly bound trampoline and gained 240% this week. DUSS stock has traded roughly $30,000 so far today on 25.32 million shares. The major change that appears to have sparked the apparel makers rebound was the appointment of Ms. Natalie Bannister as a Director of Dussault Apparel. I guess having run your own IR firm for 15 years and worked at some of the top Wall Street firms could be cause for such investor optimism.
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DUSS Stock Chart
Market Capitalization 0.20M
Shares Outstanding 200.10M
10 Day Percent Change 150.00%
10 Day Moving Average 0.0006
10 Day Average Volume 4,104,160
For a Company with such a “sick” (as in good) website and product line, its pretty amazing that you don’t see more PR from the Vancouver based former bikini and specialty apparel maker. You would imagine that, with the beach and club scene, you would see this revenue generating penny stock company showing the twins off in their lavishly designed, perfectly fitting tops and bottoms.
But the reality of the economy hit the Company where it counts. Now, “Dussault Inc.”, an edgy docu-sitcom, follows the busy lives of Canadian celebrity streetwear designer Jason Dussault and his gorgeous partner Mashiah Vaughn as they struggle to keep their businesses, and their family, intact. Jason is risking everything to bring Dussault Apparel back while Mashiah works her own bath cosmetics line called Open Sundaes.
Dussault Apparel is an SEC filier (see here) and, according to their most recent 10-Q, the Company recorded revenues of just $3,485 for the three months ended April 30, 2012 compared to $7,660 for the same period in 2011. A total of $22,129 in revenues has been recorded for the 6 months ended compared to $30,904 for the same period in 2011. So, we can see revenues are down. However, Dussault entered into an agreement to purchase the trademark of a cosmetics line which could one day prove to be productive if they ever move product.
About DUSS Stock
Dussault Apparel Inc. used to engage in the design and distribution of apparel in Canada and the U. S. It’s designed apparel, such as T-shirts, skateboards and swimwear for promotional events had the top Hollywood celebrities as clients. The company still offers its products through its Website under the Deuce Custom Ink brand name. The Company receives royalty income from licensing third parties to use its intellectual property. Presently this is the Company’s sole revenue stream.
For a totally awesome look into the Company, visit: www.dussaultapparel.com
Bottom Line: DUSS might be the sexiest penny stock, from a website POV, that we have ever researched. Jason Dussault bought the Company via a reverse merger in 2007 and almost fills an entire page of sale records on the SEC website with all the 2009 filed Form 4’s. Times were tough in the retail sector, and still are, and with royalties as the only source of income for Dussault Apparel, the penny stock is living like a trust fund baby: without the monthly support from those royalty checks, the Lambo is repo’d and its hitchhiking for a ride.
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