Provision Holding Inc (OTCMKTS:PVHO) Makes A Step Up

[[tagnumber 0]][[tagnumber 1]]The stock of Provision Holding Inc (OTCMKTS:PVHO) first began climbing up the charts in the beginning of February, after a long period of sliding sideways. The ticker continued on to gain a lot of value while the volumes increased and PVHO reached an alltime high of more than 50 cents per share in early April.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the ticker began to slide back and the descent only got steeper in the beginning of this month. By the end of May 5’s session [[tagnumber 6]]PVHO[[tagnumber 7]] was sitting almost 60% from the value it had a month ago. And while the company’s market cap had fallen below $20 million, that didn’t change the fact that the financials of the company at the end of the fourth quarter of last year were pretty decent.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2.86 million[[tagnumber 13]] [[tagnumber 12]]current assets: $4.58 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $8.32 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.2 million[[tagnumber 13]] [[tagnumber 12]]net loss: $600 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although [[tagnumber 6]]PVHO[[tagnumber 7]] seems to be in a fairly good shape we must not forget some of the red flags surrounding the company. As we wrote in our previous article, the cash reserves of the company were acquired in a way that may hurt retail investors by unleashing heavily discounted shares on the open market.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, that doesn’t change the fact that the company’s business is expanding fast and the most obvious sign of that is the massive 2694% increase in the revenues for the fourth quarter of last year, compared to the same period in 2014. People seem to be remembering this and [[tagnumber 6]]PVHO[[tagnumber 7]] managed to stabilize recently, even without any press releases.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday we saw the ticker gain another 9.81% in value and climb to $0.235. A total of 503 thousand shares changed their owners, generating $120 thousand in daily dollar volume. Even though there were some positive news earlier today [[tagnumber 6]]PVHO[[tagnumber 7]] is a bit hesitant in its climb and is only 3.62% in the green as of the writing of this article.[[tagnumber 2]]

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