Todor Pichurov

Premier Brands, Inc. (OTCMKTS:BRND) Crashes by a Third

by Todor Pichurov July 30, 2013
19BRND_chart.pngThe first session of this week was anything but favorable for Premier Brands, Inc. (OTCMKTS:BRND, BRND message board). Yesterday the stock tanked by a third, shuffling more volume than the previous two sessions combined.

The stock, which spent the majority of the previous two months at price levels under half a cent per share, skyrocketed on PR that BRND was preparing to launch a Dennis Rodman-branded vodka. Logically, pumper emails followed. The initial two days of rabid price action, assisted by promoters, were followed by several volatile slumps and new climbs, all in double-digit percentages, until the stock finally went on a red streak.

Ending last week with three red days with calmer share volumes, left with no new hyped-up press releases or promoter emails, BRND was pressed 31% down yesterday in a selling spree which shifted nearly 50 million shares. This once again brings up the question of BRND's outstanding share number. The company's latest report states that as of mid-April there were 52 million common shares issued and outstanding. Yet, on the days when BRND rushed up the chart, the daily volume exceeded 172 million. This would mean, if the share count listed in the report is anything to go by, that not just the float but the entire outstanding share bulk was traded back and forth about 3 times within a single day.

The company's current Pink Limited Info status, likely brought about by their lack of any sort of filing detailing their agreement and relations with Dennis Rodman on the vodka branding, may be remedied today as today is the due date for BRND's next quarterly, after they were granted a time extension by filing a NT 10-Q. Hopefully that report both explains the Dennis Rodman deal, as well as sheds some light on the current share structure of BRND, assuming of course the report comes through on time.

50XUII_chart.pngOther stocks that shuffled heavy share volumes yesterday include Xumanii, Inc. (OTCMKTS:XUII) who closed 28% up, attempting recovery but still sitting nearly 50% below their high before the drops began. Early 2013 pump Primco Management, Inc. (OTCBB:PMCM) jumped 50% up on convertible debt clearance news and managed to close at half a cent per share.

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