Home Health International, Inc. (PINK:HHII) used to be Atlas Capital Holdings until about 9 days ago, but it’s already being pumped by a paid promoter.
HHII stock doesn’t have a long trading history, and before the name change the stock was highly illiquid. The name change seems to have led to an increase in trading activity, but the price dropped significantly.
Yesterday HHII closed up 2.33% at $0.088 on 95 thousand shares. On Mar. 27 150 shares were traded at $0.80.[BANNER]
MJ Capital, LLC paid $20 thousand to StockRockandRoll.com for a one-day profile of HHII.
Yesterday the company issued a press release about the launch of its new website. That could have had something to do with the positive close.
In January the company completed a 1 for 1000 reverse split. According to OTCMarkets.com, the number of outstanding shares after the split was approximately 141 thousand, however, HHII is on the limited information tier, so there is a distinct possibility the actual current number is higher.
The latest available quarterly showed no revenues and a minute net loss. There are a lot of uncertainties around HHII, however, promotions sometimes work better with companies that aren’t fully transparent. The paid promotion could bring more attention to HHII today.
