Fast Moving Stocks Alert Grabs the Cash to Pump Automotive Resource Network Holdings Inc (PINK:ARNH)
In case you have been trading with penny stocks for a while, Fast Moving Stocks Alert’s newest promotional pick – Automotive Resource Network Holdings Inc (PINK:ARNH) – should not come as a surprise at all. For ARNH has now become notorious for its controversial management decisions by which CEO Kathy Robertson has hurt investors’ interests more than once.
It has been precisely one year to the day since ARNH was last promoted in pennyland. However, one can only imagine what events took place for these 12 months. In brief, ARNH is still going nowhere in terms of profits while issuing tons of new shares like there’s no tomorrow. All you need to do is have a gander at the company’s most recent financial reports. You will be amazed to learn that Robertson has been issuing millions of shares to both pay off past debts and raise new capital.
That is why, when that same Kathy Robertson announced a grand three-step-plan for getting the company “back on track to success”, we couldn’t help but ask ourselves if ARNH were ever successful at all. Needless to say, the answer to that question is a resounding no. The company has been existing under one moniker or another for 16 years now and only recently changed its name to Automotive Resource Network Holdings.
According to ARNH‘s annual report for the 2011 fiscal year (a report for the year ended Dec. 31, 2012 has yet to surface), the company’s monthly payroll to its four executives, which amounts to a total of $20,000, has so far never been paid. At the same time, the company’s most recent quarterly report includes a subsequent event whereby one of the company’s officers was given a whopping 3 billion common shares in November, 2012. Neither the name of the officer, nor the nature of the shares, i.e whether they are restricted or not, have been disclosed so far.
The latter means that if those 3 billion shares are not restricted by any time frames, the person holding them has the free right and will to sell them at any time he/she deems it appropriate. An appropirate time in pennyland is usually associated with volatile moments of extreme ups and downs usually induced by paid promotions. In other words, there is a great chance that the current pump job on ARNH is emant to serve a specific purpose. However, this purpose has nothing to do with the interests of regular traders.
For your reference, check out Fast Moving Stock Alert’s previous promotion on Oriens Travel & Hotel management Corp. (PINK:OTHM) last week. OTHM shares lost a good 40% of their market value within a couple of days.
