Ekaterina Zelenkova

Timely Renewable Energy Stock Promotion Rushes Pacific Blue Energy Corp (OTC:PBEC) Stock

by Ekaterina Zelenkova June 30, 2010
PBEC_price_chart.jpgNewly traded under the PBEC symbol, Pacific Blue Energy Corp (OTC:PBEC, PBEC message board) stock becomes more popular, thanks to free of charge stock promotions and announcements about projects and collaborations with alternative energy companies.

Within a three-month period of time, the stock succeeded to overcome the trading range of under $1, supported by investors, believing in the future of alternative energy.

Given the number of stock promotions, which were even free of charge for the company, achieved their positive effect on PBEC stock performance over the past two days. PBEC price increase was accompanied by increased volume traded.

Last PBEC stock promotion granted some investors the satisfaction of banking high returns. A warning for them should be however, that sometimes after the successful stock promotion, share price are quickly rolling down. And after counted gains, the time comes to pass through losses as well.

PBEC's management also nourished the bold optimistic mood of investors with regular announcements about different projects and partnerships.

At present, in its 8 k flings, PBEC has done confirmation only about:
  • The Membership Interest Purchase Agreement for acquiring of 100% of the membership interests in Ship Ahoy, LLC, a Arizona limited liability company.
  • The Joint Venture with Patriot from this May. According to it, Patriot Solar, Inc. will be responsible for all engineering calculations, engineering design, procurement, construction, permitting, REC filings, interconnection agreements and on-going operations and maintenance.
The Sunshine Solar Farm building is still operating in the company's projections and partnering.

Reading about above mentioned PBEC obligations with Patriot Solar, Inc. immediately raises the question how the company with solve the funding problem?

PBEC_from_the_site.pngAt the and of this March, PBEC had total assets amounting 19.7 K. These total assets were cash positions only.

It is also questionable, whether the $500 K received from Northlake Equities Ltd. in May in exchange for 500,000 shares of company's common stock, will be enough to finance the grand sunshine projects.

It is difficult to say how long investors will appreciate PBEC stock price rise above the $1 barrier, since companies with similar activities and balance sheet numbers seem to be under evaluated.

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