Hawaiian Hospitality Group, Inc. (PINK:HHGI) closed the last trading session without a change in the price and on low trading volume. However, today the stock price is likely to move up due to a new promotion. 
Yesterday, HHGI closed the market again at $0.016, while its trading volume was below the average for the past three months with only 17,500 traded shares. That lack of interest might disappear all of a sudden today as HHGI has been covered in a new promotional e-mail last night.
According to our data, the promoter received only $2,500 as compensation. Since the company has not announced any news for almost three months now, the promo mail focuses on the low price range of the stock as a good reason for a huge jump in the coming session. After that, it provides a short description of the company’s subsidiaries.
However, HHGI is a pink sheets company not filing with the SEC, thus the provided information does not look reliable at all. HHGI consolidated balance sheet as of end-September 2011 shows total assets for $5.22 million, and total liabilities for $5 million.
The problem is that $5 million from the company’s assets have been reported as “equity and other investments”, while HHGI has only $4,200 in cash, while all of its debts are current liabilities. There is not yet any established source of revenue, but outstanding convertible notes.
The chart shows clearly that investors have recognized the risks of HHGI and the stock has been on a downtrend in the last twelve months.
