IX Energy Holdings, Inc. (PINK:IXEH) delivered a three-digit gain yesterday as several trading alerts covering the stock reached traders’ in-boxes. It is doubtful, however, if exactly those traders were the winners of the session. 
IXEH closed Monday session with a 345.45% increase in the share price at $0.0049. Trading volume was the heaviest ever for the stock with over 8.8 million traded shares. During the day, IXEH jumped over $0.01, which has been a resistance level from May-June this year.
IX Energy Holdings, Inc. is an OTC Pink Limited Information company, which means there is no way to find out from public sources if such a jump of the share price would have been justified by any fundamental base. The latest available quarter report is for the quarter ended March 2010. It states that the company is focused on solar power projects, and has $1.8 million in current liabilities which it is unable to pay.
The situation is likely even worse currently given the lack any data since that time. It is clear, however, what initiated the jump of IXEH yesterday – two promotional newsletters that came into our database yesterday, one at market open and one later in the evening.
While the second promoter discloses a compensation of $3,000 for the IXEH advertisement, the other is not so precise in his disclosure. According to it, he owns positions in the companies he covers acquired before the promotion, and respectively could liquidate them any time. Thus, we would not bet that the 345% gain of IXEH yesterday brought any merit to regular traders following and acting upon stock promotional alerts.
