Strategic Global Investments, Inc. (OTCMKTS:STBV) is a penny stock that just executed that most time-honored maneuver for OTC companies: the allusion of a pivot into the most buzzed, most hyped market space currently en vogue. In this case, STBV just put out a press release that – get this – is titled as “Strategic Global Investments, Inc. has New Management and a New Direction in the Multi-Billion Dollar CryptoCurrency ICO Market, Starting with the Counterparty Asset TROPTIONS”, and yet somehow runs along for many paragraphs without really clarifying anything specific about the new direction. That’s not a major problem, but we will certainly need more information.
It may be a real pivot, or it may be an attempt to piggyback off the buzz of crypto-currency hype right now to jack the share price temporarily higher. We cannot be sure. We suggest a cautious and skeptical attitude for now, unless you are playing off pure momentum signals on the chart.
Strategic Global Investments, Inc. (OTCMKTS:STBV) is clearly making a major strategic pivot.
The prior incarnation was a company that owned a 10 acre development property in Los Cabos, Baja. According to that model, the company had go so far as to obtain the required building permits, environmental approvals and all other government approvals that are required for construction of 35 units planned for this project. In that life, the company had a real estate development subsidiary, which was to specialize in developing Eco-friendly, luxury real estate in highly desirable vacation destinations. That subsidiary was predicated on the objective of acquiring and developing land in resort locales, and then building, marketing and selling small luxury resort homes, called Small Luxury Villas (SLV) on a fractional ownership basis.
Now, it would appear the company is alluding to the potential to head in the direction of the latest big buzzword space: crypto currencies, as noted above.
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As we discussed above, STBV is making a pivot. They have installed new management with a new idea about strategic direction for future operations. Specifically, the company has accepted the resignation of Andrew Fellner and the installation of Garland E. Harris as President and CEO. The New Management also includes James E. Ward as Senior Vice President and Louis T. Minutello as Chief Business Development Officer.
Garland E. Harris says, “While we appreciate the past service of Andrew Fellner, we feel that there is incredible opportunity in the cryptocurrency Initial Coin Offering (ICO) field. The time is now to pioneer fully compliant ICO’s backed by real assets and real businesses and we intend to do just that.”
Mr. Harris further states, “Strategic is a Delaware corporation and therefore intends to be one of the first to utilize the new Delaware law that allows shares to be traded and tracked using blockchain technology. The Company intends to begin trading Monday on the Counterparty Decentralized Exchange Market (DEX) under the symbol STBV. Counterparty uses the Bitcoin blockchain.”
Mr. Minutello believes, “We can achieve success for our company and results for our shareholders by initiating strategic plans. We intend to create a competitive advantage through compelling marketing campaigns and the acquisition of legacy businesses.”
Mr. Ward adds, “It is an honor to be a part of Strategic Global Investments, Inc. and as a team we are going to make this company great in the process of satisfying our clients.”
Recent action has seen in excess of 540% tacked on to share pricing for the listing in the past month. Market participants may want to pay attention to this stock. STBV has a history of dramatic rallies. Furthermore, the listing has seen an influx in interest of late, with the stock’s recent average trading volume running a bit less than 1300% over the long run average.
Traders should note this as important with the stock trading on a float that is tight at just 27M shares. As savvy traders are well aware, a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.
Currently trading at a market capitalization of just under $1M, STBV has virtually no cash on the books, which compares with virtually no total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments transpire. For continuing coverage on shares of $STBV stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $STBV, either long or short, and we have not been compensated for this article.