The penny stock of Alkame Holdings, Inc. (ALKM) has been getting pummeled this week and the beatings look to continue heading into Thursday with James Connelly’s PennyStockProphet leading the gang of bullies. Shares of ALKM stock have all but collapsed, down -64.72%, from their highest high which occurred during the somewhat successful hard-mail/cold-calling campaign during the spring that attracted investors to the not so secret weapon against cramping. As the clearance sale portion of the awareness program looks to continue, perhaps if LeBron James would have accepted the offer from CEO Robert Eakle for a 1 year supply of Alkame water, the approach would look more like a slam dunk rather than a slam dump.
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ALKM Stock Quote
Market Cap: 26.62M
Last: 0.381 ▼ -0.109 (-22.24%)
Dollar Volume: $722,570
14-Day RSI: 30.14%
1st Resistance Point: 0.4757
1st Support Level: 0.3307
52Wk High: 1.08
52Wk Low: 0.12
Alkame Holdings failed miserably to capture what seemed to be the perfect opportunity to help pump its ALKM stock after hydration became table talk around the globe after Miami Heat superstar LeBron James was forced to exit game 1 of the NBA finals due to cramps caused by the heat inside the San Antonio Spurs’ AT&T Center. A broke air conditioner and an Instagram posting by Spurs start Danny Green had the makings of what could have been a comeback for ALKM shares had it not been for the superstar of spammy alerts, the Research Driven Investor group, blasting out about the free water offer in exchange for the $27,000 they received for their efforts.
The amount paid to Cohen’s group was nearly equal to the amount Alkmae Holdings booked in sales of their micro-clustered, alkaline, antioxidant and oxygenated bottled water for the 3 months ended March 31, 2014, $29,191. With a slew of athletes affiliated to the product line, including NFL players Darrell Stucky (San Diego Chargers), Robbie Gould (Chicago Bears), and Walter Thurmond (New York Giants), snowboarding legend Cory Cronk, skateboarding pioneers Ray “Bones” Rodriguez and Christian Hosoi, former female world champion skateboarder Julie “Julz Lynn” Kindstrand, and many elite level MMA fighters, such as Amanda Bell, Byron Byrd, Chad Livingston, Clay Harvison, Daniel Swain, Dave Courchaine, Deivison Ribeiro (XFC Featherweight Champion), Jacob Brunelle, Jose Figueroa, Josh Rettinghouse, Julien Williams, Julio Gallegos, Keon Caldwell, Lee Morrison, Phil Daru, Ray Camp, and Socrates Pierre, the pitiful sales numbers and even worse cost of sales, $31,886, was just the first of many issues which helped ALKM shares to collapse.
In April 2014, a note holder of ALKM disputed the balance Alkmae Holdings was reporting on their books questioning specifically expenses incurred by the note holder paid on behalf of the Company which could cost them an additional $28,000, nearly all of their sales for Q1, 2014. Additionally, in May 2014, a complaint was filed in District Court, Clark County, NV alleging that Alkame Holdings and various unnamed defendants are liable to a Mr. Renard Wiggins with regard to commissions and equity purportedly owed Mr. Wiggins for services allegedly rendered in raising capital on behalf of the Company prior to the reverse merger between Pinacle Enterprises Inc. (PINS) and Alkame Water, Inc. in June 2013.
Oh there’s nothing like some backroom squabbling over nickels when tens of millions of dollars have traded on ALKM stock since the start of the year.
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About ALKM Stock
Alkame Holdings, Inc. is a development stage company focused on manufacturing bottled/canned alkaline, antioxidant and oxygenated water.
Issued and Outstanding: 69,878,939
Last 5 Trading Sessions:
ALKM is going to continue to see penny stock alerts issued on it throughout the course of the week which are likely to do little to resurrect the shares. If the “King” can’t help get ALKM stock back on it’s feet, chances are the StockMister affiliates and James Connelly’s groups aren’t going to do much better.