Neohydro Technologies, Corp. (OTCMKTS:NHYT) Still Up on Acquisition News
Neohydro Technologies, Corp. (OTCMKTS:NHYT) survived the post-weekend opening, with volumes a bit lower, though managing to stand at 60 cents per share, growing by 9% on dollar volumes upward of $344,000. An additional mail from Money Runners late on Friday added to the carryover optimism.
But NHYT did not leave Monday to chance, reminding of itself with an 8-K filing for a new acquisition.The fuel cell company made a strange turn by acquiring Couponz, Inc. for $100,000 plus the right to more than 23 million shares. Thus, Matchtrade.com, a leading bartering site, gains exposure to the OTC markets and perhaps will shift the focus of NHYT from its engagement with fuel economy systems. Thus, Couponz becomes a wholly-owned subsidiary of the company. 
Before the exposure to online deals, NHYT gained the following strengths and weaknesses from the development of hydrogen fuel economy systems:
- $14,023 cash
- $88,095 total current liabilities
- Zero revenues
- $22,148 net loss
It is possible that the revenues of the newly acquired company would impact this modest report visibly. Also, it would distract from the fact that hydrogen fuel economy systems are nothing more than a fringe product with dubious real effects. NHYT also gave up its plans to capitalize on the fracking industry by building water purification systems.
NHYT has long days ahead in which it would have to prove the strength of the record positions. New PR messages or emails could increase the visibility of this ticker and offer support, or even more dramatic stock growth.
A stock in a similar range is Petrosonic Energy, Inc. (OTCMKTS:PSON). In comparison to NHYT, PSON is a bit farther from its promotional heyday, so there was a period of direction seeking. After a minor climbing trend in the past week, PSON stands around 87 cents.
Sadly, the previous pick of Money Runners, ScripsAmerica, Inc. (OTCBB:SCRC) bombed, sliding from nearly a dollar to 34 cents as the promotional efforts ended. The graph is a harsh reminder that even with promising companies, a pump can get the ticker to unsustainable heights. So if you want to see where NHYT goes with its online bartering business, it is best to invest only affordable sums.
