With revenues of over $145 million since January 1, 2007, $9.12 million for the first 6 months of 2012, The penny stock of Jones Soda Co. (JSDA) enters the gladiator ring of the OTC on Tuesday. JSDA stock symbol won’t be changed after it failed to regain compliance with the $1 minimum bid price for its common stock for continued listing, pursuant to Nasdaq’s Listing Rule 5550(a)(2). Closing near its low of the day at 0.40 per share and with a 3 month average volume of just 138,725, the beverage penny stock could see a shocker in volume once the flip squad gets hold of it tomorrow.
Stock Tip: Now that Jones Soda Co. is to be trading on the OTC markets, you had better have JSDA stock on your list of penny stocks to watch immediately.
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JSDA Stock Chart
Market Cap: 15.42M
Close: 0.40, down -0.01 (-2.44%)
Average Trade Size: 1,066
Issued and Outstanding: 38,550,889
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Jones Soda Co. has seen a steady decline in sales and gross profit during the five years ended December 31, 2011. Dropping from $39.83 million for the year ended to December 31, 2007 to $17.40 million last year, 2012 isn’t all that much better having booked $9.12 million for the first 6 months of the year, roughly 100,000 better than the same period in 2011.
Regardless of the drop in revenues over the last 5.5 years, the move to the OTC on Tuesday will give the gladiators of trading something new to flip and flip it they will. Seeing as how JSDA traded over the last 2.5 years, 0.40 could easily go to 0.60 and back, and forth, and back, and forth, etc.
Jones Soda noted on their 10-K for the year ended December 31, 2011 that if they were delisted from the Nasdaq Capital Market, the level of trading activity of their common stock may decline if it is no longer listed on the Nasdaq Capital Market. LMFAO. Watch on Tuesday. If 152 trades and 162,109 in volume is the best Nasdaq was able to produce on JSDA stock’s last trading session on the big board, BBDA can do that in its sleep with a power outage to 90% of the U.S.
About JSDA Stock
Jones Soda Co. develops, produces, markets and distributes premium beverages, which currently consist of the following product lines and extensions:
• Jones® Soda, a premium carbonated soft drink;
• Jones Zilch®, with zero calories (and an extension of the Jones® Soda product line);
• WhoopAss™ Energy Drink, an energy supplement drink; and
• WhoopAss Zero™ Energy Drink, with zero sugar (and an extension of the WhoopAss™ Energy Drink product line).
Jones Soda sells and distributes their products primarily in North America through their network of independent distributors located throughout the U.S. and Canada as well as directly to their national retail accounts. The Company does not directly manufacture their products but instead outsources the manufacturing process to third-party contract manufacturers.
Click here to view the SEC filings for JSDA.
Bottom Line: JSDA needs to be on the list of penny stocks to watch on Tuesday and beyond. Peaks and valleys will be flowing on this “real” beverage company that just couldn’t keep its share price to over $1.
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