Premier Holdings Corp (OTCMKTS:PRHL) Deflating

If there is something that we have learned about pumped stocks over the years is that they usually come falling down as soon as the promotional emails stop coming in. Premier Holdings Corp (OTCMKTS:PRHL) is just another example of just that.

Now, the most recent pump for PRHL didn’t last that long. Only one email on June 1 managed to push the ticker 24.04% up the charts for the price of $2000 in compensation. Unfortunately, the stock came crashing down on the very next day and we saw the ticker lose 14.28% of its value during yesterday’s session.

This shouldn’t come as much of a surprise when you take a quick look at the numbers contained in the company’s latest financial report.

• cash: $500 thousand
• current assets: $1.29 million
• total liabilities: $4.2 million
• revenues: $1.2 million
• net loss: $1.2 million

Those numbers don’t look that promising and the fact that the company is regularly pumped is just another red flag. You should also keep in mind that the company has previously issued a total of $1.4 million of debt that can be converted at an 80% discount from the average closing market price of the 30 day period prior to the conversion.

PRHL is still sliding today and the company stock is 10.71% in the red as of the writing of this article. Be sure to do your due diligence and weigh out the risks before putting any money on the line.