The Stock of Global Entertainment Holdings, Inc. (OTCMKTS:GBHL) Continues to Rise
The stock of Global Entertainment Holdings, Inc. (OTCMKTS:GBHL) is on the rise with again of over 300% in just 1 week of trading.
GBHL‘s stock at the moment is gathering momentum and it’s doing it well. Most recently, since the start of today’s trade session they managed to climb to the $0.10 mark. They started trading again on May 6 and since then they don’t have a session that ended in the red.
However, for how long will this last and when will the dumping begin?We are quite sure that there are insiders in possession of a considerable amount of GBHL‘s stock, however, this is unprovable due to the lack of in depth reports from the company.
They are currently filing reports under the alternative reporting standard in which they don’t have any mandatory fields of information to be disclosed, or in other words they can write whatever they want. Their latest report is for the quarterly period that ended December 31 and we were surprised to see that it consisted of only 3 pages filled with raw statistical information. The numbers of prime interest from the above mentioned report are listed below.
- cash: $20 thousand
- total current assets: $99 thousand
- current liabilities: $1.1 millions
- revenue: $50 thousand
- net loss: $32 thousand
What was more surprising, however, was the fact the report didn’t contain any information about the issuance of new common stock or convertible notes, which is vital for investors. The most recent announcement from them is concerning the domestic release of their movie The Hostage Game whose production ended in 2010. We don’t know why it took them so long to release it, but as people say “better late than never”.
Seeing all this information makes us unsure if GBHL is such a good investment option. Be sure to do your due diligence and weigh out all the risks befoe making any decisions.
