The share price of HIGH PERFORMANCE (OTCMKTS:TBEV) posted strong gains at the start of the week, but failed to maintain its market cap gains in the following trading sessions. On Tuesday, the ticker declined over 7% and extended the drop in next two sessions. However, in last trading session, the stock recouped a part of its losses as it gained more than 4% to close the trading session at $0.00240. The gains came at a share volume of 253.46 million compared to monthly average share volume of 98.25 million. After the recent gains, the market cap stands at $5.18 million.
The momentum
Keeping aside the momentum of the stock, there is nothing noteworthy that company has recorded in its name. The financial report for the quarter completed April 30, 2015 stated that in the name of cash and total assets the company has just $308,000 in cash reserves. At the same time, the current liabilities are as massive as $4.1 million. The net loss was $282,000 in the quarter while revenue was zero. This dismal figures are enough to keep an investor performing due diligence away from the stock.
The hype
The stock of High Performance comes in the big list of hyped stocks in this week. Mr. McBride issued unrealistic and boastful statement that company intends to revolutionize the beverage industry. How he plans to reach there and compete with the big names such as Monster Beverage Corporation (NASDAQ:MNST) and PepsiCo, Inc. (NYSE:PEP) remains unclear.
The concerns
The issue of High Performance doesn’t stops with quarterly numbers and goes beyond it to dismal share structure that deserves attention. As per the reported numbers, the company ended a one-for-ten reverse split in February, 2015 minimizing the outstanding shares count of 212 million. However, in matter of few months, the number has increased to 2.2 billion.
