University General Health System, Inc. (OTCMKTS:UGHS) Drops To New Record Lows

Another day and another new 52-week low for the stock of University General Health System, Inc. (OTCMKTS:UGHS). Yesterday they continued falling further down by losing close to 10% and ending the day at $0.28. It seems that more and more investors are starting to lose their patience with the company resulting in a significant surge in traded volume that reached 2 million shares. UGHS has seen such numbers only on a couple of occasion back in February and March.

It seems that the depressing performance of their stock is happening despite the progress made by the company with their operations and business plan. UGHS are, as they describe themselves, a diversified, integrated multi-specialty health care provider and all of their PR articles have been extremely positive. Revenues have increased by 59% while the assets have been boosted by another 60 million, a number most pennystocks won’t ever be able to even reach.

And here lies the problem with UGHS – these numbers cover the fiscal year 2012 which is the only report filed by the company for the entire current year. This means that investors have no idea how the company has been doing for the past 3 quarters. Furthermore taking a look at the annual report one can see that despite the massive increase in revenues UGHS was till unable to finish the year with a positive bottom line :

• $1.1 million cash
• $29 million total current assets
• $71 million total current liabilities
• $113 million total revenues
• $3 million net loss

In an attempt to stop the slide of their stock the management of the company announced yesterday that a conference call will be held on Thursday. Depending on the information they decide to disclose it may affect the performance of the stock in either direction so be sure to plan your investment accordingly.

Yesterday another email alert was distributed touting the stock of Endeavor IP Inc (OTCBB:ENIP) resulting in a 17% gain. It was sent by 900 Percent Stocks which means that the $1 million pump for company is still active. Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) also managed a small recovery of a little more than 6% closing the day at exactly 50 cents per share. TGRO is currently being targeted by a $2.5 million pump carried out by StockTips.