StockBlaster Blasts Out a Lot of Noise For Readen Holding Corp. (PINK:RHCO)

Until a couple of hours ago, Readen Holding Corp. (PINK:RHCO) had been keeping a low profile for a few weeks. This is no longer the case as the company has just churned out an official corporate update. Ironically enough, the publication coincides with the launch of StockBlaster’s latest promotional campaign. The latter is, needless to say, solely dedicated to … RHCO.

Despite the lack of frequent corporate updates, RHCO got under promotional attack in early-December when the promoter group including Monster Trading Alerts, Penny Stocks Guru and Penny Stocks VIP received $85 thousand to spread the word on RHCO. The effort proved largely disappointing as the stock barely gained 12.90% on day one before losing 10% in the subsequent session. Another promotional try commenced on Dec. 20 when Hot Shot Stocks started sending out emails in support of RHCO. The outcome was even more discouraging: a first day gain of 1.35% followed by a 13% slump.

In this respect, what is to prevent RHCO stock from reacting in a fairly similar vein to RDI’s pump game? Looking at its most recent quarterly report, the holding seems to be in a relatively stable financial state as it has managed to stay in the black both in terms of net working capital and net financial result. We have yet to see how the opening of a new corporate office in Hong Kong will reflect RHCO‘s future cash flows.

While RHCO has so far fared surprisingly well in paid advertising efforts, we should not turn a blind eye on the mere fact that the vast majority of pumped penny stocks end up writing off a big chunk of their value. That is why, staying away from such schemes is always much more acceptable in comparison to asking for trouble. The guys at StockBlaster know this very well, although their basic purpose is to imply just the opposite to as many credulous investors as possible.