Polaris Intl Holdings Inc (PINK:PIHN) reported unaudited consolidated financial results for the 
second fiscal quarter of 2010 ending March 31. The company announced they had raised a total of over $127 thousand through the sales of restricted Series B Preferred Shares.
When analyzing the chart, we notice that in 2009 along with the volume crash, the price entered a consolidation phase. There was a downtrend on the PIHN stocks and the trading volume has changed frequently. Compared to the last moths, it is still low. As a result, the PIHN stock’s price is going down again, indicating the short term uptrends can hardly be sustained.
Currently, as the trading volume decreased, the price change of PIHN stocks went down -7.69%. The average volume for the recent period is 48.66m and if it doesn’t rise up, a new downtrend may be expected.
Polaris International Holdings, Inc., is a Delaware corporation in the business of supplying services for Network Infrastructure, ASP and Cloud Computing Solutions. PIHN aims to expand its services and to build market value for itself and for its subsidiaries.
Though the company’s consolidated expenses for the quarter ending March 31, 2010 were more than its revenues, PIHN’s projections include new business in IT Services, web design, software development, marketing and graphic services, along with much higher profit.
