They say “Everything is bigger in Texas.” Traders would want to take notice of that stereotype because some bigger than usual gains could come off the Republic of Texas Brands Inc. (RTXB) penny stock. With their first licensing agreement under their belt buckle and plans to open their first fast food joint, the BBQ focused business, whose product lines are set to be available at Costco, Sam’s, Walmart and BJ’s warehouse, could easily bring some “Texas-sized” gains. The look and smell of RTXB stock is begging to be on the watch list this week for what could be some smoking volume, perhaps the best gainer outside of the Psycho-tic pick which peaks after 10 minutes on the OTC grill.
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
RTXB Stock Chart
Market Cap: 4.34M
Close: 0.022, up 0.0045 (25.71%)
Volume: 195,707
Dollar Volume: $4,017
High: 0.022
Low: 0.019
Trades: 6
Average Trade Size: 32,617
Authorized: 400,000,000
Issued and Outstanding: 195,933,700
Float: 134,433,734
Looking for Hot Penny Stocks?
Click here and get Our Penny Stock Picks
Reviewing the financial report for Republic of Texas Brands, one highlighted item was enough to get bullish about. As indicated, the Company issued $110,000 in one year convertible promissory notes which, including accrued interest at 12%, convert to RTXB stock at $0.05 per share at the option of the holder. That’s 127% higher than their current PPS. Even better is that The notes became due and payable in August and September of 2012 and are in default at the time of their filing. Anytime you can get cheapies for less than note holders who ponied up money long ago, you normally are in a win position.
Realigning their business strategy to concentrate solely on producing smoked meats at the barbecue processing plant is reminiscent of SMKY. The benefit is that beef and pork products trump salmon every day of the week. It ‘s a smart strategy: Do one thing better than anyone else, and you can’t become obsolete.
With the internet being the choice of shoppers today, the switch over from the wholesale houses and focus on distributing through the Company’s 1824 Texas Best Barbecue Restaurants which are in the works, this “Best Little BBQ House In Texas” is smelling pretty savory. The LOI with Bergheim Texas BBQ, a small restaurant in Bergheim, Texas founded by Jesse Tindall with a vision of creating a unique smoked bbq, to execute a co-packing agreement with Republic of Texas Brands is the start needed. The proposed 15 year deal calls for Bergheim to:
1. Provide smoked meats for the Company’s 1824 Texas Best Barbecue Restaurants
2. Act as a fulfillment house for the Company’s website smoked meat sales
3. Fill any other sales orders generated directly or indirectly by the Company or its subsidiaries
Surely they have a long road ahead of them, but for Monday, RTXB looks pretty good.
About RTXB Stock
Republic of Texas Brands Incorporated engages in food industry focused on acquiring food production companies. The Company owns the trademark rights to “The Republic of Texas” and “1824”, which was the flag flown over the Alamo before Texas independence was gained from Mexico.
Last 5 Trading Sessions:
Date | Last | Change | % Change | Volume |
11/23/12 | 0.0220 | +0.0045 | +25.71% | 195,700 |
11/21/12 | 0.0175 | unch | unch | 11,000 |
11/20/12 | 0.0175 | unch | unch | 140,000 |
11/16/12 | 0.0175 | -0.0025 | -12.50% | 89,000 |
11/15/12 | 0.0200 | +0.0020 | +11.11% | 348,500 |
Click here to view the recent financial report for RTXB, here to view their website.
Bottom Line: RTXB belongs on the list of penny stocks to watch for Monday. Its PPS being lower than the convertible notes payable is a clear sign of where RTXB stock could eventually land itself even though 0.038 is the 52 week high.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)
ShareNOV