Penny stock traders will have a chance to swarm the morning trading session into Premier Holding Corp. (PRHL) shares when a two-day campaign kicks off. PRHL stock price has been sliding since the Company announced it had sold $572,500 worth of common stock to six accredited investors at 0.25 per share. The big attraction to trade this penny stock is WEPOWER Ecolutions Inc., a wholly owned subsidiary of Premier Holding Corp., an energy service provider and integrator of clean energy solutions.
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PRHL Stock Chart
Market Cap: 39.74M
(Feb 13, 2012): 4.70
(Apr 25, 2012): 0.40
Shares Outstanding: 46.21M
10 Day Pct Change: -25.37%
10 Day Moving Avg: 1.177
10 Day Avg Volume: 37,525
Average Trade Size 1,259
According to Chief Executive Officer & President, Kevin B. Donovan, 2.29 million shares of PRHL stock was sold to to six accredited investors for $572,500. That’s 25 cents a share. There was no underwriter, no underwriting discounts or commissions, no general solicitation, no advertisement, and resale restrictions were imposed by placing a Rule 144 legend on the certificates. (see here)
What they did not make clear was when exactly were those shares sold and when do the restrictions expire on those 2.29 million shares. At roughly $2 million current market value, it would make perfect sense for someone to pay $90 thousand to make the public aware of this company’s recent developments. It offers a great chance to get more than double your money back on the 25 cent shares you bought as one of the six accredited investors.
However, when an early-stage company begins offering effective green energy solutions to major companies, word can get out fast. With some major corporations loving the Company’s energy saving solutions, PRHL could become a very hot penny stock alert. Besides booking revenues of $59,500 in Q1, check out the blue chip companies WEPOWER Ecolutions is in deals with here.
Take note that Jack and Jasmine Gregory, the former President and CFO respectively were also President and CFO respectively of China Digital Communication Group (CMTP). CMTP has since changed it name and symbol to New Energy Systems Group (NEWN). NEWN stock is listed on the NYSE MKT, fomerly known as the NYSE Amex Exchange.
About PRHL Stock
Premier Holding Corp. is a development stage company devoting substantially all of its efforts to establishing an energy services company. Organized with a holding company structure, Premier Holding Corp. offers financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company’s wholly owned subsidiary WEPOWER Ecolutions, Inc. offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, and developers and management companies of large scale residential developments.
WEPOWER’s business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER’s core business expects to deliver green solutions, branded specifically as “ecolutions,” which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market.
To view the SEC filings for PRHL, click here.
Bottom Line: This penny stock needs to be in the top 5 of your list of penny stocks to watch Wednesday as Premier Holding Corp.’s PRHL stock price could open at $1. If that’s the case, be careful not to chase even though records indicate there are only 5.84 million shares in the public float.
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