There are a number of contradictions and interestingly named companies in the English language. Military intelligence and jumbo shrimp have confused a number of people over the years. Punchline Entertainment (OTC: PUNL) can certainly join their ranks. As a mineral exploration company based in Toronto, Ontario, and Lynwood, Washington, that places strength testing games such as “Boxers” in bars, malls and nightclubs in the Seattle area, its name makes twice as much sense as this sentence.
This is nothing less than bizarre, and makes as little sense as Chevrolet trying to market the Nova in South America under that name. “No va” in Spanish means “no go”, a name that potential car buyers were not surprisingly a little hesitant to purchase. Thankfully, Punchline Entertainment will soon be changing its name to Punchline Resources to do nearly nothing to rectify the situation.
Today, Punchline Entertainment gained nearly 15% when it closed at $1.10. The day’s trading began with a serious jump, then saw further gains arriving every two hours as it finished the day up $0.13 on just over 1.5 million shares traded.
To research Punchline, well, it is a hard day’s work. From its articles of incorporation and mission statement to its interest in North American and international gold interests is a stretch. It is not just a stretch; it is as stretchy as Mister Fantastic of Marvel fame.
If Bloomberg is to be believed:
“Punchline Entertainment, Inc., a development stage company, intends to place vending machines in entertainment venues in the United States. As of July 31, 2011, it acquired one Boxer that had been placed in Lynwood, Washington. The company was founded in 2006 and is based in Toronto, Canada.”
If Punchline is to be believed:
“The status of gold as the ultimate form of currency and a valuable tool in the fight against inflation has never been stronger. Our mission is to leverage this strength as we execute a strategy to grow through the acquisition, exploration, and development of high caliber gold projects,” said Ramzan Savji, CEO and President of Punchline. “The projects that we are currently in discussions to acquire could provide the Company with a strong foundation for growth and deliver our stakeholders important exposure to the gold market.”
When you combine the two, it is difficult not to imagine a parent truly frightened that their child has found their gold coin collection and is presently depositing them into a vending machine as they argue with a Chuck E. Cheese waitress over the time it is taking to receive the pizza they ordered an hour past.
All this said, resource companies, especially those searching for gold, are big movers in the OTC markets. WallStreetPR has covered a number of them. They trade high and heavy on any given day. Just as the survivalist worries about (gun-friendly) Obama taking their guns away and digs a hole and forms a militia, there is a belief in many that anything but gold is a “worthless piece of paper.”
Have a look at Punchline. No, not the Tom Hanks and Sally Field film recently made available on Netflix, Punchline Entertainment the gold miners.