Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) Tries to Hold Positions with New PR
Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) is on track, despite the setback, to end the week with a double price. On Wednesday, EAPH added more than 22%om nixed sentiment, reaching a price of $0.023, on buying volumes of $1.18 million. Now the question is whether EAPH has enough strength and enticement to continue the climb, or it would stall as it did earlier this month. 
EAPH saved the day only after a new press release, proving again that it has been rising largely thanks to concerted promotional efforts by email or PR. Still, there is no new message from professional pumpers- and EAPH has had to issue another promise on its bright future of cannabis sales.
The only problem is that the new PR is just as vague as the older pieces, pointing to negotiations that just might lead to a partnership with as yet unnamed Canadian company. Also, EAPH is looking for a Canada-based legal expert on medical marijuana, so while the intentions may be solid-looking, there is nothing committed in the whole message.
Still, investors’ forums seem to like the news, as they stir a commotion just enough to lift up the relatively underpriced shares. A price of five cents is seen as realistic.
But compared to other pot stocks, EAPH remains parochial- in that it has not seen the mainstream attention that lifted GreenGro Technologies, Inc. (OTCMKTS:GRNH) on unseen volumes, as well as Terra Tech Corp. (OTCBB:TRTC).
Even at the improved price, EAPH has a relatively small market cap of about $5 million, which shows comparatively less disproportion to the financial filings:
- cash: $95 thousand
- total current assets: $208 thousand
- total current liabilities: $406 thousand
- revenues: $0
- net loss: $47 thousand
While not dismal, this is a typical picture of some of the contenders for medical marijuana fame. What is worrying is that EAPH claims to have already created consumer products for conventional pharmacies, yet no revenues are logged.
If you still choose EAPH for the upward potential and the general trend in the sector, keep in mind that most climbs do not go free from setbacks, and invest only sums you can afford to lose.
