Although Smart Holdings Inc (PINK:SMHS) has only $146 of cash in its pockets, the company seems to be preparing for great deeds. Unfortunately, these deeds have nothing in common with establishing and expanding a business that will serve humanity, instead SMHS is stubbornly trying to mill the wind.
The air inside the balloon called SMHS was once again inflated by a paid promotion yesterday. The money squandered on the campaign was $60 thousand – $20 thousand for one promoter and $40 thousand for the other. The name of the third party that covered the promotion was mentioned in only two out of the eight mailed newsletters. [BANNER]
SMHS is a company that doesn’t allow the public eyes to peek inside its sanctum, hence the red sign that crowns the company on the OTC Markets. Only four days ago did the company condescend to publish some form of a financial report. Unfortunately, the information extracted from the report cannot justify any long-term excitement about SMHS:
- Only $146 cash
- $13 thousand net loss
With this weak numbers, and with the lack of assets or any concrete idea about what the company is doing, the market capitalization of $2.3 million looks rather inadequate at present. Therefore, now that the promotion had already taken place, investors must be vigilant about the signals of its devastating aftermath. Meanwhile, it would be relieving if SMHS showed that it is determined to establish a profitable enterprise, instead of only milling the wind.
