This week the stock of Explore Anywhere Holding Corp. (OTC:EAHC) has gradually climbed to a hard resistance level for the past several months, making the chart look quite attractive. Several trading alerts have reached traders yesterday evening as well and may also help EAHC overcome the resistance today. 
Last session closed at exactly $0.25 for a share, a share price that had not been reached since the middle of April this year. EACH has been gaining value gradually since the middle of June, as it seems after the filing of the company’s latest 10-Q report. Yesterday, the stock closed again 2.46% higher than the previous close on a trading volume of around 40,400 shares, less than half of the daily average.
It is clear that much more volume is needed for EAHC to break the above mentioned hard resistance, which some stock promoters might provide for the coming trading session. Yesterday evening, EAHC was profiled in the newsletter of at least three of them, unfortunately a compensation disclosure is still missing.
The 10-Q for the first quarter of 2011 showed that the company has improved its $0 cash and assets position from the end of last year, reporting $5,495 in cash and $48,021 in total assets as of end-March 2011. Yet, that is all about the improvements on EAHC balance sheet: the new liabilities position is over $300.000 compared to $14.000 at the end of December 2010.
These changes came from the acquisition of certain assets and the intellectual property which EAHC completed in February this year. Later, however, the management recognized that the squired core technology is not applicable for the new Internet application, and has thus “highly limited potential for future revenues”. An 8-k filing from the of June said also that EAHC would not be able to release its new products “Spybuddy 2011” and “CyberbullyPro” by the end of the second quarter as the plan was. Such a delay does not raise much more optimism as well.
