EAHC Stock Gains Since April Is Only A Fraction For Amalfi

EAHC StockThe penny stock of Explore Anywhere Holding Corp. (EAHC) has been slowly gaining ground since early May when the shares were trading for as low as 0.12. EAHC stock price traded as high as .0319 Wednesday before closing at 0.295 on volume of just 392,208 shares. Just before the opening bell, the developers of computer monitoring solutions for parents, corporations, and educational facilities announced that they hired Northstar Investments Inc. to act as investor relations for the company.

Looking for Hot Penny Stocks? Click here and get Alerts on the Best Penny Stocks FREE.

EAHCEAHC Stock Chart

Market Cap: 9.42M
52 Week High
(7/2/2012): 0.334
52 Week Low
(3/12/2012): 0.095
Shares Outstanding 31.92M

5 Day Pct Change: -10.47%
5 Day Moving Avg: 0.3038
5 Day Avg Volume: 287,915

50 Day Pct Change: 96.67%
50 Day Moving Avg: 0.2545
50 Day Avg Volume: 303,869

Two weeks ago, the Company issued 2 million unregistered shares of EAHC stock to Amalfi Coast Capital in exchange for cancelling $100,000 of convertible debt held on the books of Explore Anywhere Holding Corp. (see here) Mathematically, $100, 000 divided by 2 million means the shares were valued at a nickel. With a current market value of around 30 cents, that’s a 500% gain for holder of those newly issued shares. Such a deal.

Financially, as of March 31, 2012, the Company reported cash of $12,363, revenues of $4,011, and a net loss for the three months ended of $54,007. (see here)

About EAHC Stock

Explore Anywhere Holding Corp. specializes in computer monitoring solutions for parents, corporations, and educational facilities. Explore Anywhere’s mission is to provide effective and useful computer monitoring products at affordable prices in an effort to cut down on the dangers of the Internet and the greater community at large. Its solutions implement technologies designed to address a range of emerging online threats.

For internet sales, the Company recognizes revenue upon the online distribution of products to customers.  There is no technical support or warranty associated with the sale of its online software.  For retail sales, the Company recognizes revenue upon the shipment of products to retailer and records provisions for discounts to customers based on the terms of sale in the same period in which the related sales are recorded.

Click here to view the SEC filings for EAHC.

Bottom Line: If your trading the penny stock of Explore Anywhere Holding Corp., EAHC, now you know that the majority of shares trading have a cost basis of 0.05. EAHC has just 31,923,750 shares outstanding as of March 31, 2012 and a float of around 35% of that. The additional 2 million shares may not be reason to panic, but there is bound to be a short term pull back here shortly.

Here is your opportunity to subscribe to the Most Exclusive Penny Stock newsletter.




Sign up with your email address now & get ready to make BIG PROFITS on Good Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

0
  Recent Penny Stock News