Tweeted at the opening bell, Enhance Skin Products Inc. (OTC: EHSK) is sure to see its highest volume trading session today, which isn’t really saying much. Yesterday was the first real trading session volume wise that EHSK stock had seen allowing the Foxes out there to get some cheapies out there to be able to bag up and ship off to someone else. With no news August, 2010, the beauty skin products could have already expired before the trades for their POS stock even get cleared before realizing that the Company filed termination agreements for its President/CEO and every other director inthe beginning of the month for yet another sub penny mistake was made this week.
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EHSK Stock Quote
Market Cap: 1.01M
Last: 0.018 ▲ 0.0145 (414.29%)
Dollar Volume: $99,321
Issued and Outstanding: 53,250,000
14-Day Rel Strength: 46.58%
14-Day Stochastic: 22.92%
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When your CEO, CFO and COO all agree to termination agreements filed less than two weeks prior to a sudden surge in volume, you have to be high to think of holding on to the stock overnight. That’s what happened, effective March 5, 2013, with each of Enhance Skin Products’ top level executives just one week after Crisnic Fund, S.A., an investment company based in Costa Rica, reported to own 4 million shares of EHSK stock which were all purchased back in 2010.
The largest item on the Company’s balance sheet in their last Q filing was $1,555,693 in unreimbursed expenses to the CEO, CFO, COO and a contract consultant as well as a payable due to Mercuriali Ltd. With no sales in over a year and only $657 in the bank, all of the total assets, as of October 31, 2012, dumping the 4 million plus shares Crisnic Fund, S.A. had prior to today’s pumping of EHSK stock is a dream come true worth 2 pints of Guinness on Sunday to celebrate St. Patrick’s Day.
Sure on average, women aged 18+ spend $144 year on beauty and 57% of women have purchased skincare at WalMart or Target in the last 6 months. However, not one of those women aged 18+ bought, will buy, or even had a chance to buy any of Enhance Skin’s products since, as stated in the most recent 10-Q filing, “Management is presently seeking financing to fund its direct to consumer sales campaign.” Too bad that management is no longer directly part of the Company for those who are going long on EHSK stock in hopes to see them onthe shelves in Wal Mart next to other missing products like BeBevCo’s Koma Unwind.
About EHSK Stock
Enhance Skin Products Inc. is a development stage company attempting to launch a direct-to-consumer marketing program for its VISIBLE YOUTH™ line, an advanced system of professional skin care products that interacts synergistically to help restore and maintain youthful looking and feeling skin.
Click here to view the SEC filings for EHSK.
Click here to view the website for Enhance Skin Products’ Visible Youth.
Last 5 Trading Sessions:
Bottom Line: Flip and rip is the one and only way to play this penny stock today with a ton of EHSK bagholders already setting themselves up for the fall by holding shares after 11AM. After 3 botched front running gappers this week, its cool to at least have seen that an opening bell alert on EHSK stock was able to eliminate that factor and offer something better than watching REDG stock continue to crash.
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