Four zeros, now just three – this is one way for looking at eMax Holdings Corp (PINK:EMXC). More than 200% increase, achieved through sustainable growth in the stock price during the last 30 days. An almost marvellous picture. Almost. Lets take a closer look at what`s going on.
Almost 40 million shares exchanging hands, a session closing at $0.0018 per share. Another positive day for eMax – this is how the week starts. Another day with no balance sheets to look at. Another day of promotional frenzy. Just another day for eMax.
Around the same time last month, this stock traded somewhere between $0.0005 -$0.0007 per share. Then promoters came to change that; and succeeded, as current price levels show. It is interesting to mention that despite the numerous promotions hitting mailboxes, there was no 52-week high in trading volume. Some would be paid with cash, others – with restricted shares.
However, it is not really only regular trading taking place. There is one special group to keep an eye to – shorters. It is a fact – more than 39 million shares exchanged hands yesterday. It is also a fact, short-selling activity yesterday amounts to more than 26 million. [BANNER]
Yet, the question remains – what comes next? EMXC has shown a pattern of sustainable growth in terms of stock price. It is still to show a recent balance sheet, though; thus the element of uncertainty. What happens when the promo newsletters stop coming, and more important – what is the real financial situation of the company? Questions, yet to find their answers. One, that appeal to speculative investors, but hardly to regular, long-term ones.
