{"id":3471,"date":"2013-12-20T13:11:20","date_gmt":"2013-12-20T13:11:20","guid":{"rendered":"\/?p=3471"},"modified":"2013-12-20T13:11:31","modified_gmt":"2013-12-20T13:11:31","slug":"university-general-health-system-inc-otcmktsughs-recovers","status":"publish","type":"post","link":"\/articles\/university-general-health-system-inc-otcmktsughs-recovers\/","title":{"rendered":"University General Health System, Inc. (OTCMKTS:UGHS) Recovers"},"content":{"rendered":"

\"UGHS_chart.png\"Yesterday University General Health System, Inc. (OTCMKTS:UGHS<\/a>) managed another green day, picking up some more steam and closing 24% up. The ticker moved 1.1 million shares and stopped at $0.38 by the bell. <\/p>\n

UGHS<\/a> ran into a bad streak and was pressed 40% down over the past two weeks, with the price logging a single green session that did not help much. The last two sessions stemmed the downhill slide and the price gained $0.10. Among all the positive PR that comes from UGHS<\/a> and the conference call the company held yesterday after the markets closed, it may seem strange that the price got hammered the way it did.<\/p>\n

There are two possible reasons for the drop. First and foremost, UGHS<\/a> is currently labeled as ‘Pink Limited Info’ on OTCMarkets. This is due to the fact that the company is lagging behind considerably with its reports. The latest available financial report that UGHS<\/a> posted covers fiscal 2012, i.e. it contains information that is now a year old. No quarterlies for 2013 have been posted. All that UGHS<\/a> graced investors with this year in terms of 10-Q filings are notifications of delayed filing. Those explain that the company is busy reviewing derivatives and income taxes and will furnish the reports ‘as soon as practicable’.<\/p>\n

As a matter of fact, the annual report covering 2012 was made public in October 2013. The numbers contained in it show a significant boost in revenues compared to 2011. Still, this is very very old information and there’s currently no way to get updated figures.<\/p>\n

\"55PSON_chart.png\"Another factor is the fact that stock promoter Tobin Smith keeps chiming in with updates and optimistic projections for UGHS<\/a>. Formerly a Fox News employee, Mr. Smith was fired from the network because of his involvement in paid stock advertisement or ‘sponsored research’ as the disclaimers like to call it. The issue here is that the vast majority of companies that Mr. Smith’s paid recommendations put in the spotlight ended up costing traders a lot of money. Examples include Petrosonic Energy Inc. (OTCMKTS:PSON<\/a>) whose chart is on the left, and North American Oil & Gas Corp. (OTCBB:NAMG<\/a>). Mr. Smith initiated coverage of UGHS<\/a> in early 2013 against $50 thousand in compensation from the company itself and he set a price target of $2.50 for the ticker but once again, his pick isn’t anywhere near that target.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday University General Health System, Inc. (OTCMKTS:UGHS) managed another green day, picking up some more steam and closing 24% up. The ticker moved 1.1 million shares and stopped at $0.38 by the bell. UGHS...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[851,609,1085],"class_list":["post-3471","post","type-post","status-publish","format-standard","hentry","category-news","tag-namg","tag-pson","tag-ughs"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3471"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3471\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}