Share price of Hollund Industrial Marine, Inc. (PINK:HIMR) suddenly spiked up yesterday on the highest trading volume for the past six months. The reason were paid newsletters advertising the stock and a new press release from the company announcing changes in the management. 
The total effect of the stock promotion at the end of the trading day was a 33.33% gain from the previous close. HIMR closed the market at $0.004 for a share on a trading volume of 36.6 million shares. The stock became thus one of the most active stocks on the market, unfortunately not because of the company’s recent achievements.
Our database shows that the promoter received a compensation of $20,000 for the distribution of the e-mails. The campaign should be active today as well according the promoter’s disclaimer, but since a third-party paid it looks like any further increase of HIMR share price very unlikely.
HIMR is not reporting to the SEC. Its latest quarter report published on the OTC homepage shows unclear business model, “negative” cash holdings of $165, total current assets of $13,000 and some intangible asset valued at $3 million. The company reports no revenue, but huge debts among which outstanding convertible notes for over $2 million.
Such data explains both the sharp decline of HIMR share price towards the end of last and its low trading volume on the market.
