Pleasant Kids Inc. (PLKD) Books Sales For The First Time

PLKD Stock, Pleasant Kids Inc.The penny stock of Pleasant Kids Inc. (PLKD) is is plagued with toxic debt which stems back as far as League Now Holdings Corporation when all liabilities except for the $75,000 Asher Enterprises lent them was removed. Becoming New York Bagel Deli, Inc. (NYBD) didn’t help matters since they too left the Asher convertible notes when the switch to becoming a supplier of naturally balanced alkalized spring water, “healthy water” and all natural apple juice for children took place in September, 2013. Now that the 10-K is filed and, for the first time since the inception of the shell, revenues have been booked, revisiting PLKD stock before the end of the week could spell sub-penny profits unlike most others.

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PLKD Stock Quote
Close 0.0004 Change (% Chg) -0.0002 (-33.33%)
High 0.0006 Low 0.0004
Open 0.0006 Prev Close 0.0006
Volume 330,315,313 Avg Volume 182,751,547
14-Day Rel Strength 48.35% Market Cap $1.83M
52Wk High 0.0033 52Wk Low 0.0001

Pleasant Kids, Inc. is the baby of a reverse merger into New York Bagel Deli, Inc. in June, 2013, but became official with FINRA as of August 9, 2014 when they changed the name and ticker symbol. While it may be hard to fight to urge to want to rip into a crispy, doughy, perfectly baked NY bagel, who couldn’t fall in love with the concept of getting healthier drinks to kids, even if it’s mainly in our neck of the woods for now.

In December, Pleasant Kids announced that their water product was now available at 3 7-11 locations in Central Florida within a metaphorical stones throw away from the gates of Disney World. The additions may sound “ehhh” to many, but the significance of their “Product Locator” showing how you can have access to their line at the two Miami Children’s Hospital locations in Miami and Miramar speaks volumes for how approved this line could soon evolve into.

Although PLKD stock has already bounced well of it’s lows set in the beginning of December last year, 0.0001, the reporting of revenues, the first ever, could be the boost needed to bring in some confident buying. $5,246 worth of revenues for the 3 months ended September 30, 2014, the fiscal year end, have finally notched an amount on the top line, the first ever since the inception, July 15, 2013. While it may be an amount far from what is needed to produce gross profit before the annual salaries Robert Rico, President/CEO, and Calvin Lewis, Vice President, get paid, $175,000 and $150,000, respectively, it’s a baby step in the right direction.

Another foot forward to rebuilding some investor confidence was the announcement that the total authorized shares were to be reduced from 10 billion to 5 billion which would virtually make PLKD stock fully diluted at its current stage. Assuming sales from their online portal can increase significantly over the course of fiscal 2015, the authorized share buyback program which is based on 10% of the sales of their apple juice and water products through their online store, could further help PLKD stock stay away from their 0.0001 low.

All notes payable issued prior to May 7, 2014 all have a current balance of $0 – another superb sign since Asher Enterprises, Inc., Redwood Management, LLC, JMJ Financial, and LG Capital Funding, LLC have been paid off. Since then though, KBM WORLDWIDE, Inc. and LG Capital Funding, LLC have been tapped for funds and, as of September 30, 2014, were due a total of $159,500.

PLKD had a rough 2014 mainly since, during the course of the fiscal year, the Company issued 3,176,946,873 shares for the conversion and reduction of $583,000 in convertible debt and $39,122 of accrued interest as well as another 150,000,000 shares for cash of $52,998. With hardly anything left to give out and the announcement of the acquisition of their own water source and bottling facility, PLKD stock could see a pleasant run upwards as the kids slowly make their way back to school.

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About PLKD Stock

Pleasant Kids, Inc. is a development stage company engaged in the business of producing, marketing and distributing naturally balanced alkalized water for children, including and not limited to organic natural juices.

Click here to view the SEC filings for PLKD.
Click here to view the website for Pleasant Kids.

Authorized: 5,000,000,000
Issued and Outstanding: 4,585,054,232

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
01/07/15 0.0006 0.0006 0.0004 0.0004 -0.0002 -33.33% 330,315,313
01/06/15 0.0004 0.0006 0.0004 0.0006 +0.0001 +20.00% 59,955,902
01/05/15 0.0005 0.0005 0.0004 0.0005 unch unch 52,269,797
01/02/15 0.0005 0.0005 0.0004 0.0005 unch unch 67,198,602
12/31/14 0.0005 0.0005 0.0004 0.0005 unch unch 58,034,602

 

Bottom Line:

PLKD has been a wonderful penny stock to have been involved with assuming you gobbled up some of the 0.0001 shares when they trended between there and 0.0002 range prior to December. With their 10-K out and being scanned this morning, seeing PLKD stock break past their 0.0008 resistance would be the bullish move needed for most to jump on board. Yesterday’s surge of volume is indicative of a move coming today.

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