HIGH PERFORMANCE (OTCMKTS:TBEV) has transformed into one of the most attractive stocks for investors over the past few weeks especially for OTC stocks.
The stock has risen to a record new volume and experts attribute this rise to the new High Performance Beverage that the company has been preparing to launch. In fact, the stock performance aligns with the 60,000 bottle test run that the company completed on August 24. The firm then proceeded to announce that the product will be available for purchase on its website as of September 5.
Unfortunately, the firm was unable to launch the product on the appointed data. The stock then took a plunge following the unavailability of the product on Amazon and TBEV’s website as earlier promised. Luckily, Hugh performance announced a new date for the launch that is now September 18. The firm is yet to clear out reasons for the delay. Nonetheless, the FDA has already issued its approval as announced a month ago.
The performance beverage is available for preorder on the company’s website. It will retail for $35.99 per 12 bottle case. The beverage company has partnered with Amazon.com, Inc. (NASDAQ:AMZN) to process payments through Amazon Pay. High Performance primarily chose Amazon because it can reach more sales due to the huge large number of members which is currently more than 200 million.
As per the production measures, the beverage company has been in close and constant communication with Southeast Bottling. The company has to make sure that the quality of the product complies with the FDA. The latter requires a post-production test of the product as per its operations. Southeast is however yet to receive the results of the previous test but has already assured that the product will be delivered on time.
The Shipment is supposed to be in transit this week so that it will be ready for launch by Friday. High Performance’s president Mike Holley stated that the process is already underway and that the company looks forward to delivering the service to the clients on time.
HIGH PERFORMANCE (OTCMKTS:TBEV) enjoyed a day of sharp volatility as it ended the last trading session with a huge gain of 21.43%. The volume expanded to 748 million, more than double the daily average of 271 million, indicating the battle the bulls and the bears had. Despite the gain, the bulls would be disappointed with the final closing price of $0.0017 coming a big 32% lower than the day high of $0.0025. The chart attached clearly shows the support turned into resistance level that must be overcome by the bulls before they can consider a sustained reversal.