Currently ranked a “Strong Buy” at Barchart.com, the penny stock of Halberd Corporation (HALB) is one that every trader who missed out on yesterday’s GEI Global Energy Corp. (GEIG) run from 0.0098 to 0.08 should have firmly listed at the top of their watch list today. Despite the down tick Wednesday, taking HALB stock back under 0.01, news of the Southfield, Michigan based holding company’s acquisition of Aspyre.com, a secure online video conferencing company, should silence the apparent false press release issued by certain parties that want their cut of the action. Albeit the move is a stretch from their unmanned aircraft business model they disposed of in April, 2014, the share structure alone screams run in a theater full of OTC addicts aspiring for another big score.
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HALB Stock Quote
Market Cap: 1.42M
Last: 0.0091 ▼ -0.0029 (-24.17%)
Dollar Volume: $50,766
14-Day RSI: 55.74%
1st Resistance Point: 0.0123
1st Support Level: 0.0069
52Wk High: 0.018
52Wk Low: 0.0015
Heading into this week, Halbred Corp. was as silent as a sleeping baby, having not issued any form of syndicated press announcements since August 7, 2013 when they were intent on procuring a US Government contract for an Interactive Wayfinding System that would have incorporated their existing GPS technology while they were still a manufacturer of both short- and long-range Unmanned Aircraft. Having abandoned that business plan a little more than 2 months ago, the step into the $50 billion sector Aspyre.com looks to capture forces HALB stock on everyone’s radar screens.
While Halbred was still functioning as a UAV provider/supporter, they were consistently booking revenues (according to their OTCMarkets filings) of just over $50,000 a quarter, slightly over $170,000 for the 9 months ended April 30, 2014. However, their cash balance at the end of the period was under $100, $86, and they still held nearly $1,000,000 in short term debt due to be converted into shares.
The press release issued Tuesday mid-session which claimed the legal action Marvin Katz and his companies, and Stephen Wilshinsky, his company and his mother were pursuing against Halberd Corporation caused a moment of panic for HALB stock, but was not enough to force the ticker to close red, gaining 9% for the session. With a ton of rumors claiming that HALB stock will replicate, if not outperform, what was witnessed yesterday by GEIG stock, missing out on the opening trades could be as costly as being accidentally targeted by a UAV.
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About HALB Stock
Halberd Corporation is a development stage holding company and incubator for early stage high growth businesses.
Issued and Outstanding: 118,634,139
Last 5 Trading Sessions:
The recent revival of HALB stock from a long hibernation indicates that the run on the penny stock could occur at a moment’s notice. With the share price hovering at 0.01, a run to a new 52 week high and beyond within a single trading session will be the beacon that has early traders selling and novice traders buying HALB.