{"id":4395,"date":"2014-04-16T09:14:53","date_gmt":"2014-04-16T09:14:53","guid":{"rendered":"\/?p=4395"},"modified":"2014-04-16T09:15:29","modified_gmt":"2014-04-16T09:15:29","slug":"a-free-pump-sends-united-states-basketball-league-inc-otcbbusbl-through-the-roof","status":"publish","type":"post","link":"\/articles\/a-free-pump-sends-united-states-basketball-league-inc-otcbbusbl-through-the-roof\/","title":{"rendered":"A Free Pump Sends United States Basketball League Inc (OTCBB:USBL) Through the Roof"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/USBL.gif\" border=\"0\" alt=\"USBL.gif\" title=\"USBL.gif\" width=\"400\" height=\"231\" \/>United States Basketball League Inc (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a>) started off in 1984 and, as the name would suggest, they wanted to create a basketball league. It was never going to be the next NBA, but it seemed at first that they were onto something. <\/p>\n<p>Franchise agreements were signed with approximately forty teams and the 10-KSB for the year ended February 2007 showed that the company managed to log more than $400 thousand in annual revenues. Regular seasons were held and, at least as far as financials were concerned, things weren&#8217;t looking too horrific. Unfortunately, something, somewhere, went terribly wrong.<\/p>\n<p>The teams stopped paying their franchise fees and the 2008 season had to be canceled. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a> have been unable to revive the league since then and this has had a rather dramatic effect on the company&#8217;s balance sheet. The latest 10-Q, for example, shows that as of November 30, 2013 they had: <\/p>\n<ul>\n<li>$17 thousand in current assets<\/li>\n<li>$2.4 million in current liabilities<\/li>\n<li>$12 thousand in quarterly revenues coming from a lease agreement<\/li>\n<li>a $21 thousand quarterly net loss<\/li>\n<\/ul>\n<p>Indeed, when you compare the figures above with the results from the corresponding period of 2012, you&#8217;ll see some improvement in the revenues and net loss sections, but on the whole, you can safely say that the report doesn&#8217;t belong to a company that is moving forward with its business plan.<\/p>\n<p>Not surprisingly, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a> hasn&#8217;t been the hottest ticker on the OTC Markets over the last couple of years. Trading has been virtually non-existent and the stock has barely moved. The lack of any press releases isn&#8217;t really helping.<\/p>\n<p>The stock was pretty much dormant, but yesterday, it suddenly woke up. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a> opened with a huge gap up at $0.15 and started climbing. The behavior was unusual at first, but in the afternoon, it became downright bizarre. Lots of buying pressure propelled the ticker to a high of $2.75 per share at one point, potentially giving investors who got in early the chance to cash in on some healthy profits. The pressure at these levels, however, got a bit too much and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a> slipped down, eventually closing the session at $1.30 per share (a whopping 4,233% above its previous value).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/USBL_logo.JPG\" border=\"0\" alt=\"USBL_logo.JPG\" title=\"USBL_logo.JPG\" width=\"80\" height=\"175\" \/>If you are one of the lucky few who jumped in at the beginning of yesterday&#8217;s session, you can still walk away with a smile on your face, but if you are looking at <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=USBL\">USBL<\/a> as a long term investment, you might want to consider the fact that yesterday&#8217;s trading was caused by nothing more than a no-compensation alert from Stock Mister.<\/p>\n<p>Indeed, the email caused quite a frenzy, but, especially considering the company&#8217;s sorry-looking financial statement and the lack of news, it might have some trouble supporting the ticker in the longer run.<\/p>\n<p>Pretty much nothing is certain at the moment. On the one hand, the impressive figures from yesterday&#8217;s session might prompt some more investors to jump in. Then again, a decline in the price and volume seems just as likely. One thing is for sure though: carefully considering the risks before putting any money on the line is absolutely essential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States Basketball League Inc (OTCBB:USBL) started off in 1984 and, as the name would suggest, they wanted to create a basketball league. It was never going to be the next NBA, but it&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1348],"class_list":["post-4395","post","type-post","status-publish","format-standard","hentry","category-news","tag-usbl"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4395"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4395\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}