The online shopping revolution changed the way that consumers access, and have access, to the goods they wish to purchase. One unique company in the industry, Buildablock Corp. (BABL), is making a name for themselves, not so much in the traditional sense of finding a pair of shoes or a case of your favorite spices, but rather by dedicating themselves to the recreational and medical marijuana industry that has taken the North American continent by storm. While they may still be years away from ever successfully selling any items from any of their secured domains, penny stock traders are undoubtedly not yet willing to sell their stake of BABL stock as it continues to climb upwards from its near 52 week low of 0.0016.
Want to crush the Markets and make profits of $624, $2,897, even $40,656?
Click HERE To Make Sure You Get All Of Our Penny Stock Alerts!
BABL Stock Quote
|Close||0.00535||Change (% Chg)||+0.0013 (+32.50%)|
|14-Day Rel Strength||47.82%||Market Cap||$739.55K|
|52Wk High||0.25||52Wk Low||0.0016|
Buildablock has, for nearly a year now, been twisting and turning their business model around the concept of becoming an online boutique for the recreational use marijuana market. Acquiring domains like BUD-X.com and SocialBud have been due to what the Company believes is a niche market – those individuals looking to purchase medical marijuana while having the ability to avoid the frustrations of finding acceptable retail locations.
While the couch-potato sector will always have use for this type of service, almost as much as a food delivery provider, Buildablock is still very much in their infancy stage. Liquidity will be one of the key ingredients investors will be looking for when the period ended November 30, 2014 numbers are published, especially since share information posted on OTCMarkets doesn’t appear to match up to those which are in the filings.
According to the last quarterly filing by Buildablock, as of October 23, 2014, there were 35,537,979 issued and outstanding shares of BABL stock with another 10,554,779 unissued that underlie the currently convertible portion of a debt instrument. OTCMarkets shows that there are 139,537,979 shares issued and outstanding and 500,000,000 shares authorized as of October 30, 2014 whereas the filings show 35,537,979 issued and outstanding and only 100,000,000 shares authorized.
Of the 46,092,758 shares outstanding, Gary Oberman and Bartek Bulzak each owned 4,377,742 for a total of 8,755,484. One need not be a rocket scientist to see that an implied float of right around 23 million makes for an easy momentum runner in its most simplistic form.
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
About BABL Stock
Buildablock Corp. is a development stage company that operates Buildablock.com, an online shopping platform that revolutionizes conventional online shopping.
Issued and Outstanding: 35,537,979
Last 5 Trading Sessions:
No revenues as of yet? No problem if you’re a trader of penny stocks who can recognize that a low float and share structure means you play the action. Although the action has faded a bit from BABL stock since their huge volume session from a week ago, the green gains and the turning of their 14 Day RSI is showing that the “pop” is just about to explode.
We are 100% Anti-Spam and will never rent or sell your information.
Many of our picks go up 100%, 200%, even 10,000%, see for yourself.