Just today, a newsletter about Bravada International Ltd. (PINK:BRAV) came out in the open. The newsletter is part of a promotional campaign that started on Dec. 22, last year. The promoter of BRAV, who had been compensated $5 thousand and 20 million free shares, has apparently taken great pains over the task of making BRAV more popular.
In this respect, the newsletter tried to focus the public eye on the fact that BRAV was about to open its second store in Los Angeles. The capacity of the new facility would allow the company to improve the processing of its product lists. It also turns out that BRAV has also fixed its gaze on the opportunities offered by online shopping.
This Monday, the price of BRAV stock fell by 10% on a volume of 4 million. But it is more important to mention that 73% of the traded volume was comprised of short sales. BRAV closed the session at $0.0025, which is 30% lower than the stock price when BRAV was previously featured on pinkinvesting.com.
Since that moment, the company hasn't made any step towards transparency. Its financial data is still unofficial and full of flaws. Furthermore, there is no official proof of the growing revenues, which BRAV announced on Jan. 4.
In sum, it can be stated that a very interesting configuration had formed on the market in connection with BRAV stock. On one hand, there is the increased short volume from yesterday. On the other hand, there is a wave of a paid promotion at hand. So, the question is what the probability of a short squeeze is. The answer will be revealed by the market itself in the forthcoming trading sessions.