Ehouse Global, Inc. (OTCBB:EHOS) Crashes Hard After Paid Promotion
Ehouse Global, Inc. (OTCBB:EHOS)’s stock has been performing bad since the beginning of the year, despite being promoted 2 times in just one month. After the latest line of touting, the ticker lost quite a lot in value on the biggest volume in its trading history.
We wrote about EHOS in October last year, when there was another massive promotion and this time their stock managed to attract our interest once again. After a small promotion with a $15 thousand budget in the beginning of the month it was time for something bigger.
Seeing that Penny Stock Master couldn’t attract the desired attention, the people paying for the promotional campaign asked Stock Mister, Damn Good Penny Picks and Penny Picks to help them out with the shares that they wanted to sell.
Stock Mister got a compensation of $31.5 thousand, while Damn Good Penny Picks and Penny Picks bagged $25 thousand and it seems that even though the price went through the floor we saw some massive volumes in the end of last week and yesterday and the insiders were happy.
EHOS started the week with a hefty 32% loss in value and closed yesterday’s session with a price of $0.018 on a volume similar to Friday when they dropped 31% drown. With the considerably lower price, however, the 12.1 million shares that switched hands during the session generated only $241 thousand in dollar volume, not even half of Friday’s.
The news that EHOS has closed the deal for $10 million equity financing with Dutchess Opportunity Fund, II, LP didn’t help the ticker, either, as this might mean serious dilution in the long-term, if the company starts issuing shares for the loan.
In any case, EHOS remains a risky stock, so be sure to do a lot of due diligence and weigh out the risks before you decide to jump in their boat.
Titan Pharmaceuticals, Inc. (OTCBB:TTNP) didn’t have a good start of the week either as they lost 12% of their stock’s price after the good 5 day upward run last week. Alternative Energy Partners, Inc. (OTCBB:AEGY) on the other hand had a good day and their stock gained some 117% in value.
