For over a month Here Enterprises Inc (PINK:HRTE) had been floating below the penny, until yesterday when it broke the mark decisively.
With more than 30 million shares traded, HRTE closed 24.44% up at $0.0112.
The reason for the surge is most likely the press release issued by the company. It says the next phase of HRTE’s Cycle Ranch Wind Project is under way.[BANNER]
According to the announcement, HRTE is completing the necessary electrical work to bring the wind park to specifications and has filed an application, the approval of which would allow the link to the grid for the purpose of power generation.
HRTE is often promoted by different newsletters. This time, however, there is no paid promotion by official promotional newsletters. An iHub user, NeedGreen, claims he has received 2 spam mails on HRTE. Pumpsanddumps.com also flagged HRTE for spam.
We haven’t received any spam about HRTE, and have no way to verify the legitimacy of the claims.
If the information in the PR is correct and HRTE manages to start operating the wind park soon, there could be some potential profits for the shareholders. For now, however, the operations of HRTE will remain limited to the motocross park.
