Alkame Holdings (ALKM) Stock Due For A Correction

ALKM Stock, Alkame Water Inc., On Friday, the self proclaimed distributors of “the ultimate Health & Wellness water”, Alkame Holdings, Inc. (ALKM), witnessed their OTC listed penny stock almost return to where it started the year after rumors that StockTips was due to release it as their pick on Sunday night. Shares of ALKM stock more than quadrupled from their intraday lows on volume that had not hit the previously pumped ticker since June when it was dumped from the mid 50’s to as low as 0.15 over a two week course. With news that NBA basketball star player Danny Green has renewed his commitment as Team Alkame Ambassador, claiming to be a user of Alkame Water in his training and recovery plan, the Walker designed set up’s recent borrowings from KBM Worldwide, Inc. and Macallan Partners, LLC gives a clear indication of where things will be in 6 months time.

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Market Cap: 28.65M
Last: 0.41 ▲ +0.26 (+173.33%)
Volume: 871,962
Dollar Volume: $357,504
Open: 0.1443
High: 0.505
Low: 0.096
Trades: 192
14-Day RSI: 81.86%
1st Resistance Point: 0.578
1st Support Level: 0.169
52Wk High: 1.08
52Wk Low: 0.0471

From the looks of Q2, Alkame Holdings has stepped up their game quite a bit, more than doubling their Q1 revenue and signing distribution agreements with some top name retail outlets all over the west coast. Sales for the 3 months ended June 30, 2014 came in at $69,820 bringing the total for the first 6 months of the year up to $99,011 with gross profit form the first 6 months of sales, $3,388, almost enough to buy 10,000 shares of ALKM stock at Friday’s closing price.

With that being what Alkame Holdings is able to add to their cash flow before trying to tackle the operating costs of the Company, it’s recent agreement to borrow $68,000 from KBM Worldwide Inc. and another $45,000 from Macallan Partners, LLC back in August only proves that dilution of ALKM stock is due to eventually run it’s course. Details are pretty much obsolete from prior to the reverse merger into the Jody M. Walker incubated Pinacle Enterprise Inc. (PINS), but there is a notation in each Q/K filing about how on March 29, 2013, the Company entered into a two year promissory note agreement for $500,000.

On April 8, 2013, Alkame Holdings took $200,000. On May 1, 2013, they took the other $300,000. On September 27, 2013, the note agreement was amended to include an additional advance $250,000, bringing the total up to $750,000. Then, on March 11, 2014, the Company entered into an additional two year promissory note agreement for an additional $100,000 from the same investor group. With nearly $1 million tied up into a Company putting up a 3.54% gross profit from sales from their first 6 months of the year, issuing shares are the most likely form of repayment and a heavy handed promotional campaign on ALKM stock is the most likely form of an ROI on those advanced funds.

The most recent announcement that NBA champion Danny Green has resigned for another year surely will help the front of the house look like it’s due to become the Monster Beverage Corporation (MNST) of the water industry. Looking back at last year, in November 2013, Alkame Holdings issued 250,818 shares of ALKM, priced at 0.45 per share, to various athlete endorses of its product which it claims can help to overcome fatigue and boost energy due to its elevated level of dissolved oxygen and lower ORP due to passage through an electrolytic cell. Agreements like that will have you saying you bathe in the water if enough shares are issued to you.

Unfortunately, StockTips wants a bit more time to make sure they don’t have another Pingify International Inc. (PGFY) fiasco which was suspended by the SEC a week after the alerts were issued on it. With the delay apparent, those who jumped on the ALKM stock train too late on Friday are due to receive a lesson on how to average down which could be more expensive than just taking the loss.

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About ALKM Stock

Alkame Holdings, Inc., f/k/a Pinacle Enterprise Inc. (PINS), is a development stage company in the business of distributing bottled/canned alkaline, antioxidant and oxygenated water under the name Alkame Water Inc..

Click here to view the SEC filings for ALKM.
Click here to view the website for Alkame Water.

Authorized: 900,000,000
Issued and Outstanding: 69,878,939

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
09/05/14 0.1443 0.5050 0.0960 0.4100 +0.2600 +173.33% 871,900
09/04/14 0.1441 0.1500 0.1441 0.1500 -0.0013 -0.86% 4,200
09/02/14 0.1427 0.1513 0.1427 0.1513 -0.0082 -5.14% 12,000
08/29/14 0.1426 0.1595 0.1426 0.1595 unch unch 15,000
08/27/14 0.1595 0.1595 0.1590 0.1595 -0.0005 -0.31% 31,200

 

Bottom Line:

Friday’s volume surge on ALKM was enough to land it into the top spot for highest percentage gaining penny stocks with more than 5 trades executed. Due to the delay from StockTips which was due to come out at 7PM EST Sunday, seeing ALKM stock test it’s support level at 0.169 on Monday is as likely as seeing it trade at under 0.03 in 6 months time.

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