One stock that has started to rise from the depths with newfound momentum is RealBiz Media Group Inc (OTCMKTS:RBIZ). Shares have exploded higher from deep sub-penny levels to test the penny threshold over the past two weeks on a major increase in trading volume. The move has taken the stock up to test its 200-day simple moving average as well, suggesting that it’s a do or die moment from here with the potential to precipitate a continuing trend to the upside.
To further define the narrative, the company just announced that it has set new dates and provisions for the spin-off of the NestBuilder Real Estate Division. According to the release, “shareholders of record as of July 2, 2018, will now be eligible to receive shares in NestBuilder, with the distribution date on July 12, 2018 (pending FINRA approval). In addition, the new conversion ratio will be 900 RBIZ shares for each (1) share of NestBuilder. As a result of this revised date, a greater number of shareholders will be eligible to participate in the spin-off.”
RealBiz Media Group Inc (OTCMKTS:RBIZ) operates two business segments: an international food subsidiary, Verus Foods, Inc. (Verus), that sells food products to customers worldwide; and a real estate digital media and technology subsidiary. Verus is an international supplier of consumer food products.
Verus markets under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. In 2017, Verus plans to pursue a three-pronged development program through the addition of cold-storage facilities, product line expansion, and new vertical farm-to-market operations. Verus’ initial focus is on frozen foods, particularly meat, poultry, seafood, vegetables, and French fries. Verus has a significant regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa (excluding Office of Foreign Assets Control (OFAC)-restricted nations), with deep roots in the Gulf Cooperation Council (GCC) countries.
RBIZ360 is a real estate digital media and technology company whose proprietary video processing technology makes it one of the leaders in providing home video tours to the real estate industry. Its client base includes more than 60,000 real estate agents and brokers. Through its wholly owned HomeTourNetwork operation, the company provides a Television video-on-demand network, a growing MicroVideo App network, and an existing Virtual Tour network.
According to company materials, “RealBiz Media Group, Inc. consists of two business segments: an international food subsidiary (Verus Foods) that sells products to customers worldwide; and a real estate digital media and technology company. RealBiz Media Group, Inc. (OTC: RBIZ) trades on the OTC marketplace for early stage and developing U.S. and international companies.”
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We’ve witnessed a bit less than 240% during the past month in terms of shareholder gains in the name, but that move comes in the context of a larger bearish trend. Furthermore, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running nearly 560% over the long run average.
“We believe that our in-house design team will be one of our primary strengths as we enter the retail space,” explained CEO Bhatnagar. “We look forward to sharing examples of the attractive packaging and unique product offerings that we will be introducing in coming months. These products will feature our own recipes, designs and brand names. As we gain shelf space with our own brands, we also intend to pursue distribution agreements with other major brands that need a trusted partner in the GCC. We believe that this two-pronged approach can create a much larger and more valuable distribution network.”
Currently trading at a market capitalization of $6.4M, RBIZ has a stash ($118K) of cash on the books, which is balanced by about $1.3M in total current liabilities. RBIZ is pulling in trailing 12-month revenues of $4.4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 15.3%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $RBIZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $RBIZ, either long or short, and we have not been compensated for this article.