{"id":5782,"date":"2015-05-28T13:14:12","date_gmt":"2015-05-28T13:14:12","guid":{"rendered":"\/?p=5782"},"modified":"2015-05-28T13:39:33","modified_gmt":"2015-05-28T13:39:33","slug":"breathe-ecig-corp-otcmktsbvap-slides-back-under-a-dime","status":"publish","type":"post","link":"\/articles\/breathe-ecig-corp-otcmktsbvap-slides-back-under-a-dime\/","title":{"rendered":"Breathe eCig Corp. (OTCMKTS:BVAP) Slides Back Under a Dime"},"content":{"rendered":"\n

Following the volume and price action of late April, the stock of Breathe eCig Corp. (OTCMKTS:BVAP<\/a>) took a breather for the better part of the current month. Yesterday’s session saw BVAP<\/a> drop in double digits again, on a significant volume spike. After 1.7 million shares changed hands, the company stopped at $0.09 by the closing bell.<\/p>\n

For those wondering why BVAP<\/a> was very thinly traded in 2014 and early 2015, the answer would be – because it was not working on vape pens but was rather an unsuccessful mineral exploration venture back then. After a merger and a name switch, BVAP<\/a> climbed in leaps and bounds over the second half of April, initially stirred into greater daily volumes by PR concerning a manufacturing agreement with a Hong Kong based company. A later release dropped a bit of info about a $300,000 order placed with the same manufacturer. The stock soared as new PR informed convertible debt to notoriously toxic financier JMJ Financial was retired using a cash payment instead of a ton of newly issued shares.<\/p>\n

Things were looking good but despite new positive PR the stock turned a deep red on May 15, then went on quite a red streak over the following sessions. This culminated in yesterday’s 11.7% drop. Here is the brief summary of the quarterly balance sheet BVAP<\/a> put up on May 15:<\/p>\n