Conservative Broadcast Media & Journalism (OTC:CBMJ) Stock On Radar After Recent News

For those interested in media companies, the price action in the Conservative Broadcast Media & Journalism Inc. (OTC:CBMJ) stock yesterday may have seemed interesting.

CBMJ’s Patriot.TV and Beverly Hills Precious Metals Reach Exclusive Sponsorship Agreement Enhancing Both Companies

On Wednesday, it emerged that the company, through Patriot TV, its fully owned subsidiary, signed an exclusive agreement for an exclusive precious metals sponsorship deal with Beverly Hills Precious Metals. While the news was significant, the stock actually declined and went down by 10% following the announcement. In this situation, it could be a good idea for investors to take a closer look into the actual agreement.

The transaction had been first proposed and eventually endorsed by General Michael Flynn, the former United States National Security Advisor. Flynn, who is a member of the Conservative Broadcast Media & Journalism Board, is a known supporter of Patriot TV. Moreover, he has also been publicly supporting Beverly Hills Precious Metals and Andrew Sorchini, its owner.

Beverly Hills Precious Metals has been delivering a range of silver and gold products to its customers for three decades. At a time when the price of precious metals has been rising steadily, the partnership with Patriot TV could help Beverly Hills further boost its growth. It may be a good idea to keep an eye out for any kind of recovery in the Conservative Broadcast Media & Journalism stock today.

CEO Comment

Commenting on the arrangement, CEO Mark Schaftlein stated, “We are proud to enter into this partnership with Andrew Sorchini and Beverly Hills Precious Metals. They have for 30 years delivered a wide variety of gold and silver products to their loyal base of customers, and we look forward to helping them grow that business as precious metals reach new all-time high prices. Additionally, we give special thanks to General Flynn, who was instrumental in bringing both parties together.

Technicals

+/- EMA(20)	0.14 (+0.71%)
+/- SMA(50)	0.17 (-17.06%)
+/- SMA(200)	0.33 (-57.27%)