Microcap Alert Updates Research Opinion on Hall of Fame Beverages, Inc.
Last Updated: June 23, 2010 - 10:25am EST NEW YORK--Microcap Alert has updated its research and traders alert on Hall of Fame Beverages, Inc. (OTC:HFBG), a developer and manufacture of consumer beverage products, maintains price valuation target to $0.004 to $0.005 per share.
SUMMARY
Although a ‘speculative’ micro-cap play, over the past several months the company has been putting together their product portfolio of consumer beverage drinks, which are set for production and distribution next week.
On June 23, 2010, the Company announced a major distribution agreement which includes sales and marketing of Hall of Fame products in all 50 states and Canada. It's anticipated that the new distributor will receive its initial installment of product from the production run that is scheduled to take place the week of June 28th.
The Company may have conducted a convertible financing which must have increased the shares outstanding up from its March 31 levels, but this in turn may have also provided the company with the needed capital to begin production and shipments of their products out to distributors.
As of March 31, 2010, the Company had around 1.27 billion shares issued and outstanding. Based on a national distribution roll-out we feel a fair-value for this start-up company to be in the range of $8 to $10 million for the time being. So, even if on a conservative bases we round the shares up to an even 2 billion outstanding, then a price of $0.004 to $0.005 would still equate to only $8 to $10 million market cap.
Market Data 
Markets 
AI
