Hangover Joe’s Holding Corp (OTCMKTS:HJOE) Keeps Slipping

[[tagnumber 0]][[tagnumber 1]]The stock of Hangover Joe’s Holding Corp (OTCMKTS:HJOE) had a really tough start of the year which brought it to the very bottom of the charts in the end of March. After hesitating between the $0.0001 and the $0.0003 mark in April we saw the ticker make an impressive climb in May that pushed the ticker several thousand percent in an upward direction in a matter of just a few sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The daily dollar volumes also increased significantly in the period. The reason for the increased interest in [[tagnumber 6]]HJOE,[[tagnumber 7]] however, came with a pinch of salt. The ascent was mainly being powered by a promotional campaign. The compensation was not disclosed, but the fact that one of the entities that promoted the ticker was named PUMPs & dumpS speaks volumes for itself.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Looking at the chart shows that there were also quite a lot of traded shares when [[tagnumber 6]]HJOE[[tagnumber 7]] had hit rock bottom in March. This leads us to suspect that there may be some people who managed to get [[tagnumber 6]]HJOE[[tagnumber 7]] shares while they were at their lowest and the very same people may be behind the promotional effort that proved somewhat successful.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Lately, however, the performance of the ticker has been very poor. [[tagnumber 6]]HJOE[[tagnumber 7]] finished the last six sessions in the red and the 9.68% drop that it incurred in Friday pushed it to $0.0028 while a total of 98 million traded shares generated $254 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the fact that the company has issued an impressive amount of optimistic press releases, but has failed to file a single financial report since the beginning of the year, including the 10–K for 2014, just shows that the management doesn’t seem to respect shareholder value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week has also started badly for the ticker and we see [[tagnumber 6]]HJOE[[tagnumber 7]] 21.43% down as of the writing of this article. Let the buyer beware.[[tagnumber 2]]