After issuing alerts on EKO International Corp. (EKNL) three times a day, every day, from September 25, 2012 up to early January, 2013, it seems as if the followers have all but abandoned the Xtremepicks ship. The newest penny stock pick of the group, Global Entertainment Holdings, Inc. (GBHL), has fared well percentage wise since the re-releasing one of their old picks, Aerius International, Inc. (AERS). While the percentage gains look good and all for stat padding, the volume behind GBHL stock has yet to break a level high enough to call the Motion picture development Company a blockbuster of a penny stock.
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GBHL Stock Quote
Market Cap: 2.22M
Friday Close: 0.075 ▲ 0.01 (15.38%)
Dollar Volume: $51,500
Issued and Outstanding: 30,508,095
1st Support Level: 0.06
2nd Support Level: 0.045
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The last time Xtremepicks ran a long campaign it was EKNL stock and it saw gains of 1900% in less than 5 weeks time. Nowadays, its hard to imagine the chances of GBHL getting even 5 days of coverage since the group has already seen two long awareness campaigns fall flat in GSPT and AERS.
Other than Global Entertainment Holdings having recently delisted itself from having to file reports with the SEC, the latest of which was filed for the period ended September 30, 2011, there isn’t much to report.
There is over $1 million in current liabilities and just $20K in cash. The Company had revenues of $50,191 for the three months ended December 31, 2012 which produced a net income of just $8,988. While it is net income, a rare booking for a penny stock being pumped, low budget movies can only take you so far.
The momentum moving forward for this week will have to build off of the Company’s CEO, Gary Rasmussen, having been eatured in the recent issue of the online magazine “Opportunist”, the supposed “voice for the penny stock, small cap, and micro stock investor.” If it is the voice of the small cap community, we all might as well cash in our chips before another meteor hits and the GBHL stock awareness campaign goes bust as well.
About GBHL Stock
Last 5 Trading Sessions:
Bottom Line: It’s hard to tell whether GBHL stock is going to be one of those blockbuster penny stock picks which sees levels near $1 in a month’s time. This week will be a great determining factor as to how GBHL shareholders react after the upcoming dip from profit takers.
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