{"id":6625,"date":"2015-08-22T14:11:19","date_gmt":"2015-08-22T14:11:19","guid":{"rendered":"\/?p=6625"},"modified":"2015-08-22T14:39:44","modified_gmt":"2015-08-22T14:39:44","slug":"rainbow-coral-corp-otcmktsrbcc-appears-unstoppable","status":"publish","type":"post","link":"\/articles\/rainbow-coral-corp-otcmktsrbcc-appears-unstoppable\/","title":{"rendered":"Rainbow Coral Corp (OTCMKTS:RBCC) Appears Unstoppable"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91098\/rbcc.png\" border=\"0\" width=\"400\" height=\"178\" \/>Rainbow Coral Corp (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a>) tumbled from more than $0.04 in November 2014 to less than a penny in May 2015. It then went through <strong>a 1 for 100 reverse split<\/strong> and although its performance was pretty uneventful at first, thanks to a few uninformative press releases, it put on quite a show last month.<\/p>\n<p>A few short sessions were enough for the ticker to go from just over $2 per share all the way to a massive $6.28. Sadly, it stalled at these levels and the fall that ensued was rather painful. Exactly four weeks after closing at almost $6.30, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a><\/strong> bottomed out at $1.35 per share. <\/p>\n<p>All in all, were not talking about the best performing penny stock here.<\/p>\n<p>About fifteen minutes after Wednesday&#8217;s closing bell, the company filed its 10-Q for the period ended June 30. Here&#8217;s a summary of the most important financials:<\/p>\n<ul>\n<li>cash: $2,740<\/li>\n<li>current assets: $4,524<\/li>\n<li>current liabilities: $517,798<\/li>\n<li>quarterly revenues: $27,683<\/li>\n<li>quarterly net loss: $136,929<\/li>\n<\/ul>\n<p>The revenues have dropped by about 20% on a year-over-year basis and although the corporate website would have you believe that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a><\/strong> is a biotech company, the sales are actually coming from aquarium supplies. We reckon that the rest of the figures in the balance sheet don&#8217;t require any further comments. Neither do the press releases which appear to be just as frequent and fluffy as ever.<\/p>\n<p>But how are investors reacting to the shocking 10-Q and the torrent of meaningless announcements?<\/p>\n<p>Quite positively, actually. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a><\/strong> hasn&#8217;t registered a red session since last Wednesday and yesterday, after adding another 11%, it stopped at $2.50 per share. While we can&#8217;t be sure what, investors are finding something to like about <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a><\/strong> and the growing volume means that more and more people are putting their money on the line.<\/p>\n<p>Those people will do good to bear in mind that during the quarter ended June 30, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=RBCC\">RBCC<\/a><\/strong> issued exactly <strong>7,193,344 shares at $0.02 per share<\/strong> as a conversion of notes. At the end of June, there was <strong>more than $320 thousand<\/strong> worth of debt convertible at fixed prices ranging from <strong>$0.007 to $0.25<\/strong>, and between July 7 and August 11,<strong> $24,115<\/strong> of it was turned into <strong>1,208,750 shares of common stock<\/strong>.<\/p>\n<p>You might have calculated already that a grand total of <strong>8,402,094 shares<\/strong>, or about <strong>96% of the total O\/S count<\/strong>, were issued <strong>at $0.02 per share<\/strong>. You should now be able to decide for yourself whether paying $2.50 for the same exact shares really is worth it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rainbow Coral Corp (OTCMKTS:RBCC) tumbled from more than $0.04 in November 2014 to less than a penny in May 2015. It then went through a 1 for 100 reverse split and although its performance&#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":[215],"class_list":["post-6625","post","type-post","status-publish","format-standard","hentry","category-news","tag-rbcc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6625","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=6625"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6625\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}