Houkutou Holdings International, Inc. (OTCMKTS:HKTU) Crashes While Being Promoted

The massive promotion of Hokutou Holdings International, Inc. (OTCMKTS:HKTU) is still underway and even though the stock managed to climb in price last week it lost whatever gains it had made in the final session before the weekend and even went lower.

Since the company hasn’t made any press releases after the one from January 15, we suggest that the probable reason for the quick drop that took place in just minutes was a research article on pumpsanddumps.com that was filled with far less fantasy than the one from Goldman Small Cap Research.

The stock crashed as low as $0.25 per share and managed to climb only a little bit, to close the session with a 29.86% loss at $0.256. The number of traded shares was, yet again, quite above the average and generated $264 thousand in dollar volume.

Meanwhile, paid promoters are still flooding our inbox with alerts about HKTU, some of which are at least funny to read. The pump campaign has so far produced more than 70 emails, which combined with the shady operations of HKTU and their dreadful financials is a recipe for disaster.

Considering the past history of HKTU, whose name and ticker symbol has been changed 4 times since it began trading in 1998 and the previous legal issues of two of the new directors the picture becomes to look quite grim.

If this promotion continues in its current pace, we consider the possibility that the SEC may finally decide to take action and we might see HKTU temporarily halted. If this happens the ticker will return at an even lower price and a lot of people will lose a lot of money.

With all that being said, we would advise you to do a lot of due diligence and decide for youself if HKTU is worth the risk.

Mentor Capital, Inc. (OTCMKTS:MNTR) is another shady business that is aspiring to be the bank of the rising medical marijuana business by funding 18 companies in the sector, despite its own dire financial situation, however, the simple notion of that managed to provide them with a massive 759% jump in Friday’s session.

Growlife, Inc. (OTCBB:PHOT) on the other hand is still sliding down the charts, but commands great investor interest, expressed in high volume and trade value.