Welcome, Guest. Please login or register.

Author Topic: Purple Beverage Co. (PPBV) (PPBV.OB) -- Forbes Informer  (Read 3092 times)

0 Members and 1 Guest are viewing this topic.

Deez

  • Administrator
  • Hero Member
  • *****
  • Posts: 10689
  • Karma: 1871
    • View Profile
    • Qwoter
Purple Beverage Co. (PPBV) (PPBV.OB) -- Forbes Informer
« on: April 06, 2008, 02:00:40 PM »
Purple Beverage Co. (PPBV) (PPBV.OB) -- Forbes Informer

Purple Beverage Co. (PPBV) (PPBV.OB) is written-up in the April 7th Forbes magazine in "Colorful Detail." Split-adjusted shares of what's now Purple Beverage Co. have risen 49,000% in five months to a recent $2.95 and a $152 million market cap. That's 105 times the latest book value.Purple Beverage was previously called Red Carpet Entertainment before a recent reverse merger. Purple Bev boss Theodore Farnsworth reportedly acknowledges shares are "ahead of ourselves." Forbes notes shares of XStream Beverage Network lost 99.9% over a six-year period under Farnsworth.On Friday Purple Beverage (PPBV) (PPBV.OB) closed at $2.85 a share. Yahoo Finance reports Purple Bev's market cap is $157.49 million. How about the $8.00 a share 52-week high? Does that mean PPBV was a $1 billion company??? PPBV has no warning labels on PinkSheets.com, but short interest is up 280% to 352,000 shares as of March 14, since the end of February. Still that's only about 1% of 31.7 million shares outstanding according to PinkSheets.com. Also, based on 31.7 million s/o and Friday's $2.85 a share close, that's a market cap of around $90 million and not $157 million as Yahoo Finance reports (and the $152 million reported by Forbes).

     


http://feeds.feedburner.com/~r/PennyStocksStockSpam/~3/265171393/purple-beverage-co-ppbv-ppbvob-forbes.html
  • Favorite Stocks: GOOG
Qwoter Stock College" style="border:0

Tags:
 

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 350 days.
Unless you're sure you want to reply, please consider starting a new topic.

Name: Email:
Verification:
What color is the Qwoter logo?:

What year was Qwoter founded in?
(hint: look at copyright below):

Related Topics

  Subject / Started by Replies Last post
0 Replies
2783 Views
Last post February 08, 2007, 01:56:37 PM
by The Web Team
0 Replies
12038 Views
Last post April 06, 2008, 04:00:32 PM
by Deez
0 Replies
933 Views
Last post September 03, 2008, 09:10:06 AM
by The Web Team
0 Replies
1124 Views
Last post September 30, 2008, 02:06:20 PM
by The Web Team
0 Replies
1166 Views
Last post December 02, 2008, 12:00:21 PM
by The Web Team
0 Replies
982 Views
Last post September 29, 2009, 11:01:10 AM
by The Web Team