Relm Holdings, Inc. (RELM.PK) got heavily traded on the stock market these days. On 14 May, 2010 the 
company’s volume reached over 177 million traded shares and closed on $0.003. In other words, it moved up by 15.4% for the day. Keeping in mind that this stock has been known to never hold its gains, the major price resistance of $0.003 this time was kept.
When analyzing the chart, there are frequent ups and downs in the price movement during the last 6 months, and the volume had locked at low positions. Currently, it has reached much higher values, though the price change went down -16.67% and it continues to fall.
On 12 February, 2010 RELM announced its financial results for the fiscal year 2009. Compared to 2008, the company’s revenue of $1.97 million was lower, but the managers were pleased with the result. Though RELM website does not contain detailed information on the company’s present activities and future plans.
Exploring the company further, we can find out that it must raise the funds necessary to close the transactions through the liquidation of Public Stock in an affiliate or external financing. Due the limited liquidity in the PCSO stock, RELM has been actively seeking external financing. The acquisitions would be additive to RELM’s profitability, but failure to close the acquisitions will not impact RELM’s on-going financial performance.
In the coming months Relm Holdings, Inc. expects to complete a software conversion and plans to launch the product through the solicitation of a lending institution, demonstrating its commercial success. Still the result is to be seen in future.
