It looks like activity is beginning to finally perk up for the penny stock of DTS8 Coffee Company, Ltd. (BKCT). Call it the Chinese version of Jammin Java Corp. (JAMN) if you would, shares of BKCT stock have been getting moved around over the last 4 trading sessions with 2 blocks of 100,000 passing through today just after 2 PM. Sensing that some efforts from David L. Kugelman of Atlanta Capital Partners, LLC, the company’s hired IR firm, could soon begin to make some noise for the roaster of gourmet coffee beans from the most exotic locations around the world, the watch is on for the percolating to brew up some strong gains, especially if entrants get in for less than 0.30.
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BKCT Stock Quote
Market Cap: 3.94M
Last: 0.15 ▼ -0.03 (-16.67%)
Issued and Outstanding: 26,273,333
Sean Tan: 13,600,000
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Looking to reach consumers at restaurants, multi-location coffee shops, and offices, DTS8, via their roasting factory in Shanghai, China, holds an exclusive license from Coffee Holdings Company, Inc. to roast, market and sell “Don Manuel” brand 100% Colombian coffee in China.
Investors and traders will soon be able to assess the value of BKCT stock once the upcoming 10-K is filed for the year ended April 30, 2013. In the meantime, the data from the 9 months ended January 31, 2013 will have to do.
Revenues for the 9 months ended totaled $185,256 with a gross profit of $49,665. General and Administrative expenses crushed he bottom line, coming in at $544,874, $345,857 of which was in the 3 months ended January 31, 2013. $273,000 was expensed during the period for consulting fees for which 860,000 restricted shares were issued.
Having just been born back on January 9, 2013, DTS8 Coffee Company, Ltd. went live after filing with FINRA to change their name from Berkeley Coffee & Tea, Inc. Prior to that, in October 2012, the Company issued 680,000 restricted shares of BKCT stock at a price of $0.25 per share for cash proceeds of $170,000. CEO and President, Sean Tan, has been with the firm since March 31, 2011.
With access into the domestic Chinese coffee market and the United States, traders can expect to see BKCT stock get stirred up a bit before they can get their hands on any of it. News has yet to flow since the name change, but one might expect to be reading about the new roasting and warehouse facility the Company activated in Huzhou, Zhejiang Province, China back in March.
At present, DTS8 offers their selection of DTS8 Blue, Red and Espresso Classic in China, Hong Kong, Japan, South Korea, Macau, Indonesia, Thailand, Singapore & Malaysia. In the U.S. and Canada, the Company offers their brands under the names: Cable Car, Alcatraz Island, Berkeley and Golden Gate. The Company’s DTS8 Premium Selection includes coffees that are masterfully blended by the DTS8 Roast Master for daily coffee drinkers while their San Francisco Premium Selection is a classic world famous San Francisco style roasted coffee.
There have been a number of coffee focused stocks out there on the markets that have had their runs in recent months: Baristas Coffee Company Inc. (BCCI), Jammin Java Corp. (JAMN), Green Mountain Coffee Roasters, Inc. (GMCR) and Starbucks Corporation (SBUX). From the way things look, DTS8 is about to have its day come soon.
About BKCT Stock
DTS8 Coffee Company, Ltd. is a gourmet coffee company in the business of roasting, marketing and selling gourmet roasted coffee to its customers in Shanghai, and other parts of China.
Click here to view the SEC filings for BKCT.
Click here to view the website for DTS8 Coffee.
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For the momoment, watching BKCT sotck is like watching those first drops percolate in the coffee maker, just waiting for their to be enough to fill a cup up. Have BKCT on your list of penny stocks to watch through the rest of the month. Shares are trading at half the price anyone has been able to get them for in the past 2 years which has to be a good sign if you’re looking from something to brew from this recent activity.
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