Provision Holding Inc (OTCMKTS:PVHO) Corrects Despite PR

[[tagnumber 0]][[tagnumber 1]]This month isn’t going very well for the stock of Provision Holding Inc (OTCMKTS:PVHO). It all started in the beginning of April when the general direction of the company stock switched from an upward climb to a downward slide, following some sessions of heavy trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company did try to boost investor confidence with a couple of press releases, but that didn’t seem to work out all too well. This was all happening despite the fact that [[tagnumber 6]]PVHO[[tagnumber 7]] actually had a pretty decent balance sheet in the end of the final quarter of 2015. Here are some of the numbers of prime interest contained in it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2.86 million[[tagnumber 13]] [[tagnumber 12]]current assets: $4.58 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $8.32 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.2 million[[tagnumber 13]] [[tagnumber 12]]net loss: $600 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite these rather decent results we still saw [[tagnumber 6]]PVHO[[tagnumber 7]] lose quite a lot of value. In fact, it lost a hefty 60% compared to the high it reached in early April. The ticker did try to make a recovery in Tuesday, but it was short–lived.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite some more optimistic PR from yesterday we saw [[tagnumber 6]]PVHO[[tagnumber 7]] drop 10.60% in value and close at $0.2101. A total of 675 thousand shares changed their owners and generated some $159 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session isn’t going all too well either. [[tagnumber 6]]PVHO[[tagnumber 7]] is already 10.28% in the red as of the writing of this article, despite its relatively small market cap of around $16 million.[[tagnumber 2]]