The forthcoming session of Smart Holdings Inc (PINK:SMHS) will be influenced by both a stock promotion and a press release.
The promotion was received yesterday a couple of hours after the end of the session. It was comprised of several identical newsletters sent out by OTC Reporter, Smart Penny Invest and other promotional sites.
The promotional group which is led by OTC Reporter is owned by the well known Oceanic Consulting and Garden State Resource. As it shown by the newsletter disclaimer Garden State Resources had received $2000 from a non-affiliate third party shareholder of SMHS.
Yesterday, SMHS also made an shareholder update which was most likely issued in order to support the forthcoming promotion. In a press release on the |OTC Markets SMHS said that it was going to add newspaper media and Facebook social networking expansion to its marketing program.
According to the press release, the marketing program was planned to start in the beginning of November with direct mail delivered to a targeted group of subscribers.
The Hotstocked database of promotions shows that SMHS has been solidly supported by promotions this year. However, SMHS was unable to keep its share value achieved in June and has relentlessly plunged to to a 52-week high despite the wide promotional coverage.
Thus SMHS has found itself dangerously close to the ultimate bottom of the chart also known as the .0001 area.
Is smart holdings a smart investment.
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