Mobile Broadcasting Holding, Inc. (OTCMKTS:MBHC) Explodes Up The Charts

Mobile Broadcasting Holding, Inc. (OTCMKTS:MBHC) made an impressive 57.58% leap up the charts on Friday, when it announced its “Global Twitter Deal”, but will it manage to hold to its gains?

Said announcement sure did make some bold claims, and investors evidently bought what the company was selling, as the charts indicate. However, a single glance at the company’s fundamentals is enough to give investors serious misgivings about the whole situation. Why?

Due diligence on MBHC is impossible. To say that company has been extremely negligent in its filings would be something of an understatement. The fact that it filed its annual report for 2013 just three months ago, and that this is the last we’ve heard of the company, speaks loudly enough in and of itself.

The fact that said filing can barely even be classified as a financial report, as it fails to provide any relevant financial information in any form, is probably even more indicative of the way MBHC does business.

So, at the end of the day, there’s nothing at all to suggest that MBHC has anything to back up its brave words. Furthermore, no due diligence gives even a slightest hint that this is anything more than a dubious OTC Markets pinksheets penny stock.

Long story short – there simply no evidence that MBHC has anything that could keep it afloat.

Which brings us to the issue at hand. On Friday, MBHC managed to jump on hype. However, hype rarely dissipates, and once it does, its sudden lack can spell disaster for a company’s share prices.

Investors should really keep that in mind when making up their minds about committing to MBHC stock.