Hokutou Holdings International, Inc. (OTCMKTS:HKTU) Still Crashing

It seems that the promotion of Hokutou Holdings International, Inc. (OTCMKTS:HKTU) is far from its end. The company was touted by paid promoters throughout almost the whole of January, but the stock’s performance is far from rosy.

The latest round of emails started coming in our inbox on February 9 and the campaign was headed by Marquee Penny Stocks, Psycho Penny Stocks and Awesome Stocks, who received compensations ranging from $10 thousand to $65 thousand.

The company’s press releases are getting rarer and the last one from February 5 didn’t manage to do much. Instead the company stock began sliding even more rapidly downwards and seems to be headed for rock bottom.

Yesterday, HKTU made it’s biggest percentile loss since it began crashing and dropped some 62% in price, closing at $0.03 on more than 10 times its average volume. We saw a total of 13.8 million shares switch hands and generate $498 thousand in dollar volume.

This makes the total loss that HKTU has registered in a little over a month of trading reach a whopping 94%. It couldn’t be any other way, judging by the fact that the company has $0 in assets and $0 in revenues, as discussed in our previous article.

This is exactly why we would advise you to do your due diligence and weigh out the risks if you are thinking of making a bet with HKTU. On the other hand, there might be some profit for shorters.

It seems that the medical marijuana sector has quieted down for now as Hemp, Inc. (OTCMKTS:HEMP) Cannabis Science, Inc. (OTCMKTS:CBIS) and Medical Marijuana, Inc. (OTCMKTS:MJNA) are all on a downward run since the middle of last week.