This month, Explore Anywhere Holding Corp.(OTC:EAHC), offers a playground for both bashers and pumpers. Additionally, a reason for current shareholders to stay optimistic, but also several others to keep the red light blinking. Especially when browsing through the promotions. 
Promotions, in terms, include the most positive aspects of Explore Anywhere. The stock price increase, the uplisting from the pink sheets to OTCBB, the market valuation increase, the good product at hand and the $20k worth predictions and recommendations. A closer look at all of these, however, reveals a slightly different picture. While most of these are facts of the matter, there is an underlying reason which might not seem so appealing to investors most of the time.
The stock price, for example. It has almost doubled since the beginning of April, Friday session closing at $0.33 with a little less than 3 million shares changing hands for the day. The thing is, what caused this sudden hype is not only the company announcement about uplisting to the OTCBB, but several promotions coming out the same day as well. On a related subject, since two more promotions hit mailboxes on Sunday, it is possible that another hype is coming.
On the other hand, most people would have had the time to do the necessary due diligence and discover some issues which promoters fail to mention. The SEC filings are a good place to start. The last 10-Q that came out two weeks ago includes figures like:
- As of Dec. 31st, 2010: Cash – $0.00;
- As of Dec. 31st, 2010: Total Current Assets – $0.00;
- Revenues for 2010 – $0.00; [BANNER]
Not all indicators in the balance sheet include the zero number, especially when stock splits are concerned. While promoters boast of Explore Anywhere market valuation increase of over 300%, they again forget to mention the stock splits that take place occasionally. As far as sales and innovative products are concerned, again according to the 10-Q form in question, there is, in fact, one main product which the board of the company focuses most efforts to.
Having all of the above in mind, there is a long way that this company has to go before real sustainable growth is achieved. Not only because of its current stage of operations, but also because of the rival products on the market. Just look for monitoring software like Explore`s Spybuddy in Google, and it will become clear what an intense market this company is competing in. It might indeed, take a piece of the action, but it is yet to see how this could be achieved.
