United American Healthcare. (OTCMKTS:UAHC) Keep Their Gains
Last Thursday United American Healthcare (OTCMKTS:UAHC) exploded and surged upwards to close at $0.14, around 438% higher than the previous. The intraday high was even more impressive reaching $0.40. Traded volume hit 3.7 million shares while in comparison the previous session saw only 100 shares changing hands.
Such a sudden burst of activity is often brought on by a pump and this time was no different. Stock Mister sent out a couple of email alerts touting UAHC followed by a score of other newsletters. Although no compensations were handed out as a whole the emails numbered more than 15. All American Gold Corp (OTCMKTS:AAGC) one of the previous Stock Mister picks, for which they received $50 000, crashed on the very first day of its promo campaign taking away the investments of many.
And more often than not when a stock does such a tremendous climb it starts correcting almost immediately. But on Friday UAHC remained leveled and slid only slightly down closing at $ 0.138, just 1.43% lower. The reason such confidence in the stock to be displayed might have something to do with their financials. For the quarter ending March 31 they disclosed the following:
- $16 thousand cash
- $2 million total current assets
- $9.9 million total current liabilities
- $2.2 million revenues
- $300 thousand net income
The company is currently offering contract manufacturing services to the medical industry and have improved their fundamentals dramatically over the past year. Revenues have increased by $500 thousand but more importantly a net loss of $1.2 million was overcome and they now have a positive bottom line. If they continue to grow the negative working capital might also be brought to more manageable levels.
UAHC may have some positive aspects but for now they remain a risky bet. Previous to the pump the company was mostly forgotten and saw active trading only sporadically. Be sure to do your own due diligence and form your own opinion before attempting any trades.
With the start of the week a new massive pump has been initiated. The stock of Indo Global Exchanges Pte Ltd (OTCMKTS:IGEX) is going to receive a promo campaign with a disclosed budget of $3 million. Alkaline Water Co., Inc. (OTCBB:WTER) who are also backed by a $3 million pump crashed by 40% last Friday and dropped to $0.7 per share.
