Wait for it and be ready for $0.50. That’s what traders are being forced to do when it comes to the penny stock of Montalvo Spirits, Inc. (OTC: TQLA). Changed over after reverse merging with Advanced Cloud Storage Inc. (ACSR) and splitting 32.4552-for-1, the changing of the ticker symbol was the last move before having its upcoming IPO. Since the Company’s flagship product, Montalvo Tequila’s Reposado, was recently named Best of Class in the Reposado Tequila category during the 2013 Spirits of the Americas Competition, could TQLA soon be named the best penny stock on the OTC?
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TQLA Stock Structure
Market Cap: Not Yet Trading
Issued and Outstanding: 66,900,012
Insiders as a Group: 25,270,526 (37.9%)
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After a recent blind taste testing at the Spirits of the Americas competition, part of the IWSC Group, the Montalvo Spirits’ Montalvo Tequila, an ultra-premium, triple distilled tequila, has now received three “top honors” awards from the group. The Company’s Montalvo Tequila, now available in Florida just in time for spring break, had its initial launch in New York and California and has plans to expand its distribution within the coming months.
On December 21, 2012, Advanced Cloud Storage, Inc. entered into and consummated the Agreement and Plan of Share Exchange with Casa Montalvo Holdings, Inc. whereby 59 million shares were issued. At the same time, George Frederick Meyer retired from his position as Chairman of the Board of Directors, President/Secretary/Treasurer and CEO of the Registrant as well as retiring his 10 million shares. The new appointees (and their beneficial ownership) to replace Meyer included:
Alex Viecco (8,037,595 shares, 12.1%) as CEO and Director,
Carlos Gonzalez Rivera (8,037,595 shares, 12.1%) as COO, CFO and Director,
Sergio Gonzalez Rivera (8,037,595 shares, 12.1%) as President and Director and
Daniel Cahill as Director of Sales and Director
Other insiders that hold more than 9.99% of TQLA stock after the reverse merger include:
DPC Consultants, LLC (1,157,741 shares, 1.7%)
Point Loma Capital, Inc. (10,877,684 shares, 16.4%)
Charles Duff (12,697,188 shares, 19%)
It should be a functioning brand since the Rivera brothers have had a history of employment at Destilidora Huerta Real, S.A. de C.V., a distillery located in Jalisco, Mexico, while Viecco and Cahill have both had employment histories with leading financial capital headliners which include Citigroup, Meyers Associates, Aegis Capital and Maxim Group.
The Company already closed a subscription agreement at the time of the reverse merger by accepting $100,000 for 200,000 post-split shares of TQLA stock. For those who have bee testing the Company’s Reposado while reading this, that’s a cost basis of $0.50 per share.
As of September 30, 2012, The Company reported to have cash on hand of $106,436 and total assets worth $459,528 (see here). Net sales for the nine months ended September 30, 2102 were $16,148 producing a gross profit of $4,575. The net loss for the nine months ended came in at -$261,133, $162,000 of which was salaries and wages.
As for what to expect from TQLA stock, we were able to tie Montalvo Holdings by its attorney, Thomas E. Puzzo, to two three other penny stocks that are known by many:
While SURF stock has yet to commence trading, both TRTC stock and NAMG stock began trading in the 2nd half of 2012. TRTC slid from $1.02 to $0.13 before catching the wind in its sails that all marijuana focused stocks did in October. NAMG had some small double digit gains in its first two weeks of trading which began at the end of November before it basically ceased regular volume trading and came sliding down from $1.14 to its current $0.70.
The synopsis reveals that its highly unlikely that TQLA will see some major percentage gains when it does begin trading but is still worth having a closer look at since it is already becoming a recognized brand in the alcoholic beverage industry.
About TQLA Stock
Montalvo Spirits, Inc., operating as Casa Montalvo, develops, markets and distributes alcoholic beverages, primarily in the United States, through a network of established spirits distributors, who are licensed to distribute alcoholic beverages.
Bottom Line: Before adding TQLA to the list of “top shelf” penny stocks to watch, consider that, like TRTC and NAMG, the set up does not appear to be a pumper’s dream. TQLA stock should be looked at more as a wisdom investment more so than a rip and flip since $0.50 is the bare minimum this can come out at based on the subscription agreement at the closing of the reverse merger.
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