Neohydro Technologies Corp. (OTCMKTS:NHYT) Still Attracts Buyers

Just enough PR activity is keeping Neohydro Technologies Corp. (OTCMKTS:NHYT) still afloat, at the peak of a vigorous climbing trend that took the stock up to $0.63. On Tuesday, the ticker added a cautious 5% on volumes a bit lower, around $275,000.

It is strange that NHYT did not release any new activities, except to reiterate the 8-K statement of acquisition. We are yet to see the effect of adding a fully web-based business to the usual production of hydrogen fuel economy devices. There have been no new email mentions since Friday last week. With buying slowing down, the possibility for a correction is even nearer.

Before the acquisition of the online barter service, the company’s activity led to the following financial results:

• $14,023 cash

• $88,095 total current liabilities

• Zero revenues

• $22,148 net loss

A web-based business could boost those results without prohibitive expenses.

So far, NHYT is a great unknown, with even forum discussions on well-visited portals quite limited. There is some talk of upcoming “big announcements”, which may boost the ticker. Other forums are more active, expecting NHYT to climb as far as 10 cents before profit taking begins in earnest.

NHYT has posted a “shell” status on its OTC markets profile page. The ticker practically gives access to businesses to the OTC markets, and this explains the strange switch between hydrogen technologies and online bartering.

To the credit of NHYT, its president, CEO and CFO seems to be the creative and experienced David Gasparine, with the Epoxy online service to his name. Epoxy is a platform for sharing and recommending small business services, clearly running into the turf of industry leader Yelp.

One of the promoters for NHYT already moved on with other fast selections. OTCBB Journal is now more interested in Empire Global Gaming, Inc. (OTCBB:EPGG), a ticker that has lost some steam from an older promotion. The last mention of NHYT from this pumper was on June 20th, and Money Runners mentioned it last on July 20th. OTCBB Journal also recently selected Positive ID, Inc. (OTCBB:PSID), but hardly managed to stem the slide.

If you still have reasons to like NHYT, it is best to do further research on your own and stay away unless you invest a sum which you can afford to lose to profit taking.