Hangover Joe’s Holding Corporation (OTCMKTS:HJOE) Crashes After Becoming “No Information”

Hangover Joe’s Holding Corporation (OTCMKTS:HJOE) wiped 30% of its market cap in yesterday’s trading session, after being labeled “no information”.

Yesterday’s turn of events leaves a lot of room for speculation and interpretation. The drop may well have been caused by dumping of shares obtained through toxic funding by the company’s note holders. HJOE‘s history of toxic dilution certainly makes that seem like a distinct possibility, seeing as how HJOE‘s common stock diluted 750% between Oct. 2014 and Mar. 2015.

Another likely cause for the dramatic drop is that investors finally lost whatever shred of faith they had in HJOE after seeing the red “STOP” sign stamped on the company’s OTC Markets page. That sort of thing goes a long way towards eroding investor confidence.

But, truth be told, all the signs shows that said confidence was misplaced from the start. As we’ve mentioned on multiple occasions before, even superficial due diligence shows an alarming array of red flags surrounding HJOE. The company’s horrible dilution statistics, its negligence in filing its reports and its tendency towards boastful but unsubstantiated PR are all disconcerting – and that’s just the beginning.

In conclusion – under the circumstances, it is really no wonder that HJOE dropped like a rock yesterday, and it wouldn’t be all that surprising to see the ticker return to triple zeros once more in the next few days, either.