Will Hangover Joe’s Holding Corp (OTCMKTS:HJOE)’s Bounce Continue?

Hangover Joe’s Holding Corp (OTCMKTS:HJOE) managed a nice little bounce on Friday – but can it keep up the pace?

Long story short – it doesn’t seem like HJOE will be able to do so, thus this momentary recovery looks quite likely to end up being just one more dead cat bounce on the ticker’s road to the absolute bottom of the charts.

As we’ve discussed on multiple occasions before, there is a huge list of factors that are dragging the ticker down.

For starters, due diligence on HJOE is next to impossible, due to the fact that the company has been so woefully negligent in its responsibility to file financial reports. Let’s just say that the latest significant such dates back to September 2014.

The only reasonably sure information the investors do have access to is that there has been a frightening amount of dilution going on since the company last filed a quarterly report. As of March 28, 2015 HJOE had 1.74 BILLION common shares issued and outstanding. That number was much, much lower back in mid-November, 2014 – as low as 331 MILLION.

And it’s not like there is any indication that investors have seen the end to the rain of dilution, or will see it any time soon – as we’ve said before, with an authorized shares cap of 5 BILLION, the sky is the limit.

These facts should be indicative enough of the company’s dubious nature. Step for step, HJOE is displaying all the pernicious shortcomings the SEC warned investors about during the very few days of the OTC Markets Marijuana rush of 2014, and it is no wonder that the commission has slapped a big red “” sign on the company’s OTC Markets profile.

Opportunistic traders and long term investors should probably take a moment to reflect on said sign’s meaning before making up their mind about committing to HJOE stock.

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