Sanomedics Intl Hldg (OTCMKTS:SIMH) Still Bouncing Around

Sanomedics Intl Hldg (OTCMKTS:SIMH) started last week with a horrific 35.82% crash and it looks like this one is going to be no different. The company’s stock prices are already about 23% down in today’s trading session, and judging by the volumes it could be in for quite a plummet before the session’s final bell.

Of course, this turn of events wouldn’t be all that much of a surprise – as the charts indicate, the Ebola hype has given SIMH ample opportunities for explosive movements up the charts. However, because the high the ticker reaches is unsustainable, said leaps and bounds are always followed by abrupt crashes.

Friday’s jump was no different – it was made possible by a press release announcing that the company’s Caregiver TouchFree Clinical Thermometer has received a technological award from Novation at its Innovative Technology Expo in September.

This is actually a commendable achievement, as such an award brings renown to SIMH‘s product, which could in turn lead to more sales in the next quarter than the meager $56 thousand the company reported under revenues for the period ended June 30, 2014.

What is not commendable about SIMH is the way the company continues to use something as horrible as the Ebola panic gripping the US at the moment to shamelessly promote its stock, trying to draw attention away from its myriad shortcomings.

But, in the end, what more can you expect? We’re talking about a company that stoops down to deliberately spreading misinformation about its products online to do the same.

As it is, the proverb “Let the buyer beware” has never sounded more appropriate.