{"id":370,"date":"2013-03-13T05:38:00","date_gmt":"2013-03-13T05:38:00","guid":{"rendered":"\/?p=370"},"modified":"2013-03-25T19:41:41","modified_gmt":"2013-03-25T19:41:41","slug":"weak-pump-attempts-for-the-automotive-resource-network-holdings-inc-pinkarnh-fall-through","status":"publish","type":"post","link":"\/articles\/weak-pump-attempts-for-the-automotive-resource-network-holdings-inc-pinkarnh-fall-through\/","title":{"rendered":"Weak Pump Attempts for The Automotive Resource Network Holdings, Inc. (PINK:ARNH) Fall Through"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/4ARNH_chart.png\" border=\"0\" alt=\"4ARNH_chart.png\" title=\"4ARNH_chart.png\" width=\"450\" height=\"201\" \/>Yesterday morning two more promoters sent pump emails for The Automotive Resource Network Holdings, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ARNH\">ARNH<\/a>) in pre-market hours. The touts of promoters and the news released by the company had zero effect and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ARNH\">ARNH<\/a> went under around noon, crashing 85% and sinking into triple-zero land. <\/p>\n<p>The promotions for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ARNH\">ARNH<\/a> resumed on March 10, after promoters took a 10-month break, last touting the company in May 2012. The new emails have all been compensated with minor amounts of money. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ARNH\">ARNH<\/a> came up with a press release to back this last desperate push to lift the dead stock. The company announced it had acquired a &#8216;multimillion dollar asset&#8217;, in the form of 245 thousand pre-paid gift cards.<\/p>\n<p>The press release only mentions this acquisition happened &#8220;through an assignment&#8221;, giving no further details. It doesn&#8217;t look like the company paid cash for the alleged acquisition as their last available quarterly lists the following:<\/p>\n<ul>\n<li>($1,046) in cash<\/li>\n<li>$810 thousand in current liabilities<\/li>\n<li>$189 million in accumulated deficit<\/li>\n<li>$8 thousand in revenue for Apr-Sep 2012<\/li>\n<li>$10 thousand gross loss, $182 million net loss for Apr-Sep 2012<\/li>\n<\/ul>\n<p>Negative cash assets are one of the many curiosities found only in pink sheet reports. The rest of the report is a mess as well, with convertible notes quoted that convert into l&#8217;ixlly (sic) shares of common stock, whatever that may mean, as well as notes that convert into shares at $0.0001 per share. The supposed acquisition of the gift cards is not detailed in any filing, but that&#8217;s pink sheet reporting for you.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/8GVIT_fail.png\" border=\"0\" alt=\"8GVIT_fail.png\" title=\"8GVIT_fail.png\" width=\"340\" height=\"152\" \/>Promoters Wall Street Surfers previously pumped Geo Vision International Group, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GVIT\">GVIT<\/a>) in late January, possibly thinking it had crashed to its bottom at one cent per share. Sadly, in the wake of the pump, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GVIT\">GVIT<\/a> went to slip further and is currently trading at $0.002 per share.<\/p>\n<p>Investors are advised to do their own due diligence and never trade solely on paid recommendations and press release hype.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpF4GkTjAg2i8AatRYumfJkJla8W5Pz6Q9I4UL99nFsX1fkLVq8feKnnxwhhoSv1WNGPvb8URAwo49teaXfNwzsT6qitgxO1Kiaqvijr-2BvwUYGhN1SJay6-2F3vKK6STztbSgGFJ5Eakk8iZZqvgCaaogrw-3D-3D\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday morning two more promoters sent pump emails for The Automotive Resource Network Holdings, Inc. (PINK:ARNH) in pre-market hours. The touts of promoters and the news released by the company had zero effect and&#46;&#46;&#46;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,119],"class_list":["post-370","post","type-post","status-publish","format-standard","hentry","category-news","tag-arnh","tag-gvit"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/370","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=370"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/370\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}