Bringing in one of the direct descendants of the Anheuser-Busch Companies, Inc. (NYSE: BUD) bloodline in March has certainly paid off huge dividends for the penny stock of High Performance Beverages Company (TBEV). Announcing this morning that the makers of Throwdown Performance Beverages secured and finalized a $1.5 million dollar debt financing deal, shares of TBEV stock wasted no time sitting down near the 52 week low and threwdown like a champion prize fighter as it tried to break back into copper land. The deal surely was cause for celebration within the company formerly known as Dethrone Royalty Holdings Inc. (DRHC) since they were in default on previously issued agreements that were subject to $2,000 a day penalties.
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TBEV Stock Quote
Market Cap: 861.33K
Last: 0.0064 ▲ +0.0051 (+392.31%)
Dollar Volume: $680,022
14-Day RSI: 73.07%
1st Resistance Point: 0.009
1st Support Level: 0.0026
52Wk High: 0.0395
52Wk Low: 0.001
Beverage stocks used to be an investors golden ticket to the big leagues if ever they were lucky enough to have scored themselves a good entry point and were willing to bench their shares all during preseason and well into the regular season in hopes of winning a championship from their holdings. Such was not the case when it came to High Performance Beverages Company and their predecessor name since any shareholder who still owns shares from 2012 would need about 30 Hail Mary trading sessions like what TBEV is having today just to break even.
Looking on the brighter side of things, Peter W. Busch was appointed as Chairman to High Performance Beverages’ newly created advisory board back in March, 2014 and, although it wasn’t until today that the stock reflected such a bold move, the future very well could be much better for the struggling beverage maker. Sales for the 3 and 6 months ended January 31, 2014 were a whopping $1,108 and $1,481, respectively, with cost of goods sold being almost 3X that amount.
Even worse than that, not only did the Company get into bed with Asher Enterprises Inc. back on August 19 and September 17, 2013, the most toxic financier in penny stock land, but they defaulted on their convertible promissory note with them to such a degree that if they weren’t able to issue them shares, they would be subject to 200% of the outstanding principal amount plus a $2,000 per day obligation for each day after the third day of failure to issue shares pursuant to a requested conversion. Due to this event, today’s news of a $1.5 million financing deal to be distributed in various tranches over the next several months is about as solid as wet sugar at the bottom of a Throwdown Performance Beverage.
Today’s optimistic approach to TBEV stock comes after 18 months of watching the former DRHC shares do nothing but dwindle into mere ashes. DRHC was supposed to go ballistic towards the end of 2012 when they announced their first ever shipments of their product line, but instead, simply trickled down the charts from 0.20 in November, 2012 to 0.001 just days ago. But rather than thinking that bagholders of TBEV stock have had it rough, just imagine what the sports celebrities involved with marketing the overpriced=to-produce product have to deal with in the locker rooms.
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About TBEV Stock
High Performance Beverage Company, f/k/a Dethrone Royalty Holdings, Inc., is a development stage company that has created a new beverage segment, under the trade name, Throwdown Performance Beverages, which manufactures and distributes a line of sport performance beverages.
Issued and Outstanding: 134,582,603
Last 5 Trading Sessions:
TBEV is the top performer so far today of the most actively traded penny stocks on the OTC. Given the fact that Asher Enterprises is involved, the chances of a follow up session to today’s momentum are slim unless either the #wolfpack or Money Runners takes on the responsibility of leading their sheep to the dumping grounds. TBEV stock is simply one of those typical penny shares that has just too much potential to be such a terrible ticker to trade beyond today.