The Pump of Hokutou Holdings International, Inc. (OTCMKTS:HKTU) Continues
The massive promotion of Hokutou Holdings International, Inc. (OTCMKTS:HKTU) is still going with full power. The company itself is also trying as hard as it can to aid it and issues regular press releases filled with optimism.
HKTU is also using the help of other types of hype-generating outlets. After Goldman Small Cap Research made a report about the company stock for a $5 thousand compensation, Murphy Analytics came along touting the ticker on January 22 for the same amount.
In the meantime the company is busy keeping up the hype, by announcing new partnership agreements every few days and basically reminding us that they are allegedly working really hard on increasing shareholder value.
Nonetheless, we don’t see any filings about the agreements, because HKTU is not a SEC filer and is not obliged to provide us with such. We are also never told of the actual terms of these agreements and the whole situation is rather shady.
Furthermore, the last filing from the company was made on December 11. It was a quarterly report for the period ended September 30, 2013 and it didn’t look rosy. Here is a quick reminder of the numbers of prime interest contained in it for those of you who haven’t been following HKTU.
- cash: $0
- total assets: $0
- total liabilities: $30 thousand
- revenues: $0
- net loss: $300
The paid promotion is also starting to have massive proportions as we have received over 120 emails since it has started on January 12. The outlets involved come in all shapes and sizes and the compensations vary from $3 thousand to $75 thousand.
And yet, despite the constant touting coming from everywhere, HKTU is going up and down the charts, climbing a few sessions then dropping a few sessions, but still the general direction is down. The latest session ended with a 23.91% loss and HKTU closed at $0.175 with more than 1.7 million traded shares and a dollar volume of $323 thousand.
The overall losses of HKTU‘s stock price since the peak of $0.50 on January 7 are 65%, so anyone who though of getting in for the long-run has surely had some headaches. What’s even worse is that if this paid promotion becomes bigger it might attract the attention of the SEC, which may prove fatal for HKTU.
In any case, be sure to do your due diligence and weigh out the risks before jumping in the badwagon of this risky penny stock.
Centor Energy, Inc. (OTCBB:CNTO) also had another red session yesterday and dropped 18% in price. Creative Edge Nutrition, Inc. (OTCMKTS:FITX) was more fortunate and climbed a decent 17% on a volume that generated $10.8 million in trade value.
