Hangover Joe’s Holding Corp (OTCMKTS:HJOE) Down in Double Digits Again
Even though the company’s Twitter account is doing its best to reassure investors that it’s been another very good week, Hangover Joe’s Holding Corp (OTCMKTS:HJOE) dropped in double digits over the last two sessions. On Friday HJOE closed 13.8% in the red, stopping at $0.0031 per share.
Frankly, it’s exceedingly hard to tell how things are over at HJOE in general. This is due to the fact that the company is still delinquent with its filings and has not put up any of its overdue reports. There has been no new official PR following the announcement of the Larry the Cable Guy TV segment either. HJOE‘s Twitter account, however, is as active as ever.
The company is still promising that the big news is just around the corner, the same as it has been over the past month and a half of senseless, free twitter hype that is not backed up by anything official – no filings, not even an official press release or announcement. HJOE is using questionable language in its tweets again, promising to “lay down one of the biggest beatings” imaginable and wagging a finger at all dissenters and doubters.
Investors have every reason to be very cautious and have reservations when looking at a company which last reported financials back in September 2014 and which had 1,747,702,784 shares of common stock issued and outstanding as of March 18, 2015. Beyond those official figures, as well as the minimal revenues and net loss reported back in September, traders have literally no official information they can use to make an informed decision about HJOE‘s stock.
Twitter can be a wonderful business tool but a bunch of boastful posts and the constant mentioning of deals that are never officially announced can only help a stock run so far, especially when the company is months behind with its filings.
