DROP is Exploding on the OTCBB
Update: After hitting a high of $0.25 in early December of last year, DROP has been slowly drifting downward seeing a recent low of $0.5 per share. Since then the stock has been sitting around $0.05 with a recent accleration in trading volume.
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Fuse Science, Inc. (OTC: DROP) has been trading on the OTCBB for years and has a long history of explosive gains; back in 2011 the stock ran from a start point of under a penny to an incredible $1.25 per share.
DROP saw a recent explosion in both price and volume after the company announced that Tiger Woods would be appearing on CNBC's "closing Bell with Maria Bartiromo" along with DROP CEO Brian Tuffin. Celebrity endorsements is certainly nothing new for DROP who has a long history of promoting their stock with big names will heavily diluting into the buy volume. Since then DROP has been dropping.
According to the Company Fuse Science, Inc. is an innovative holding company based in Miami Lakes, Florida. Fuse Science holds the rights to new, patent-pending technologies poised to redefine how consumers receive energy, medicines, vitamins and minerals. The Company possesses the rights to sublingual and transdermal delivery systems for bioactive agents that can now, for the first time, effectively encapsulate and charge many varying molecules in order to produce complete product formulations which can bypass the gastrointestinal tract and enter the blood stream directly either through a topical gel roll-on or alternatively in a concentrated "DROP" form that is simply applied under the tongue.
Fuse Science had their first revenues in January 2012 of about $24,000, revenues had risen to $35,000 by April however believers in the Company will tell you that these numbers do not include the Company’s new topical gel; Enerjel which recently made it into GNC. That should add significant revenues.
DROP has been putting out some huge pr's in recent days besides the Tiger Woods name drop which has certainly injected significant demand for the stock. In the past they have signed celebrithy endorsements with many athletes including the boxer Andre Ward, Basketball player Tyson Chandler as well as Dvid Ortiz, Jose Bautista, Paul Rodriquez, Adrian Foster and Rhonde Barber.
On October 31 DROP announced that Ken Griffey Jr. and Current MMA Fighter Anthony "Rumble" Johnson are Now Powered By Fuse(TM)
"Ken Griffey Jr. is one of the greatest MLB(TM) players of all-time," said Rubin Hanan, President and COO of Fuse Science. "Ken represents a targeted athlete demographic for the company. He continues to mentor and train collegiate and professional athletes and he will become a great spokesman for our company, products and technology. Anthony "Rumble" Johnson is another great athlete in the sport of MMA. He recently moved up in weight class to 205, where he is undefeated. Every MMA fighter needs natural products to perform at their best and to help recover faster. It's great to have Anthony Powered by Fuse(TM) and part of the Fuse team."
Conclusion: Stocks with a history of explosive gains such as DROP tend to repeat themselves. From current levels and market valuation of under $25 million DROP could go way higher and fast. One should keep in mind that DROP has a long history of promoting their own stock with these celebrity endorsements and diluting heavily into the promotion however this pattern is certainly nothing new in penny stocks.
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