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Sunday, November 27, 2022

Mammoth Short Squeeze on Elite’s Broke Out Inc (OTCMKTS:BRKO)

Broke Out Inc (OTCMKTS:BRKO) has rocketed up to highs of $14 a share cleaning out the trading accounts of legions of shorts on a massive short squeeze the likes of which have not been seen on the OTC since LOTE went to over $25 several years ago.

BRKO is the latest pick from Godzilla promoter Elite Penny Stock Group of AREN, EURI and CLOW fame. They executed a massive trap for the shorts perfectly and have skyrocketed BRKO market valuation to a ridiculous $200 million + as well as attracting the eyes of regulators who have already slapped BRKO with the dreaded Skull and Crossbones designation from OtcMarktes.

Broke Out Inc (OTCMKTS:BRKO) bills itself as a German-based developer, publisher and marketer of mobile apps. The Company offers apps to a cross section of users of smartphones and tablet devices who download and make purchases through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, among others. It owns over 30 paid and free apps at the moment with a focus on Europe and the USA.

Godzilla promoter Elite Penny Stock Group operates the domains Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com to name a few. Their picks EURI and AREN went to multi dollars before the flopped on CLOW.

On Tuesday FinestPennyStocks.com emailed subscribers the following ”BRKO is setting up for a run to 20 dollars! BRKO has had its best day ever today but I think that it’s just getting started. The stock is building a strong footing in the 8 dollar area but still has a strong chance of passing 10 dollars today.

I am nearly certain that BRKO will be a multiple day or even multiple week type of runner where short sellers will continue getting squeezed over and over as new ones take their place, sending the stock higher every day.

This is why it would not surprise me in the least to see BRKO shatter past 20 dollars very quickly. Keep in mind KBIO (another epic short squeeze stock) had multiple short squeezes occur within a 3 week period and sent the stock to almost 50 dollars a share very quickly.

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If you believe in BRKO’s continued potential you should definitely consider buying shares even at the current prices! has rocketed up to over $2.50 a share after penny stock Godzilla promoter Elite Penny Stock Group announced it as their new pick. Prior to BRKO the group was promoting CLOW which was a general disappointment after topping out at $0.661.”

We do not endorse any of the above in fact we think it’s downright ridiculous to compare BRKO which has 0 fundamentals and a laughable $3,700 in the treasury to what was a real Company KBIO until Martin Shkreli was arrested and the whole thing collapsed.

Elite Penny Stock Group certainly knew what they were doing on BRKO; they started it right after the CLOW flop which looks intentional looking back now to make everyone think they were weak and their best days were over.  And it was certainly easy to trap a significant short position at $2 fast considering all their picks end up trading for less than a dime 6 months out. BRKO they started high over $2 and it sat there on light volume just long enough for a significant short position to build up before they initiated the real promotional program.

BRKO said on March 9 that it has acquired the highly popular Secret Menu for Starbucks(TM) iOS app. This profitable app currently generates stable revenues and sells for 99 cents. Users love the app and have rated it positively with an average of 4.5 out of 5 stars. Its growth is currently organic and users usually find it by searching for Starbucks(TM) apps.

CEO Mr. Kuan said “Our latest acquisition from AppVizzle is a very popular app that has been featured in Time Magazine, Parents Magazine as well as CNET and several other news outlets. We will be developing new features and updates for it to maximize its potential and increase its revenues.”

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Currently trading at a ridiculous $245 million market valuation BRKO has $3,700 in the treasury, no revenues and rising short term debt and nothing besides Elite’s promotion and a massive short squeeze to account for anywhere near current valuations. Elite Penny Stock Group have taken it to a whole new level this time trapping a massive short position and sending BRKO to $14 a share. Someone is making millions too; last year, some unnamed individuals bought an aggregate 12.2 million free trading shares of BRKO for just $48,800 as a part of the company’s Initial Public Offering. These shares are now worth well over $50 million and are likely being liquidated into the campaign.. We will be updating on BRKO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BRKO.

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Disclosure: we hold no position in BRKO either long or short and we have not been compensated for this article.

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