{"id":5731,"date":"2015-05-23T10:15:26","date_gmt":"2015-05-23T10:15:26","guid":{"rendered":"\/?p=5731"},"modified":"2015-05-23T10:39:29","modified_gmt":"2015-05-23T10:39:29","slug":"holiday-island-holdings-inc-otcmktshihi-and-damn-good-penny-picks-fail-miserably","status":"publish","type":"post","link":"\/articles\/holiday-island-holdings-inc-otcmktshihi-and-damn-good-penny-picks-fail-miserably\/","title":{"rendered":"Holiday Island Holdings Inc (OTCMKTS:HIHI) and Damn Good Penny Picks Fail Miserably"},"content":{"rendered":"\n

On Wednesday, Holiday Island Holdings Inc (OTCMKTS:HIHI<\/a>) issued its first press release in a while and said that they are in the process of retiring a significant portion of its issued and outstanding stock. Some major shareholders have apparently agreed to part with a grand total of 280 million shares. 130 million of them have already been canceled and the rest should be returned to the treasury in the coming weeks.<\/p>\n

The management team have said numerous times that reducing the O\/S count will add immediate value to the shareholders, but unfortunately for them, not a whole lot of people reacted to the news. The stock did gain about 54% and it finished the day at $0.0017 per share, but it did it on a dollar volume of just $11 thousand which means that only a few investors were really interested. <\/p>\n

Apparently, the people behind an entity called OTP Group decided that it can put HIHI<\/a> <\/strong>in the spotlight with a paid pump. They called Stellar Media Group LLC, paid $20 thousand, and in exchange for their money, they received a promotional campaign on HIHI<\/a><\/strong>. Six emails were sent out by Damn Good Penny Picks and the rest of the Stellar-operated newsletters, and we’re pretty sure that many people were hoping to see the stock surge in the right direction. Unfortunately, their hopes fell on deaf ears.<\/p>\n

The start was positive enough. HIHI<\/a><\/strong> opened yesterday’s session with a rather big gap up of $0.0024 and about an hour later, it hit an intraday high of $0.003 for the first time in over five months. Sadly, it then ran out of steam and it started sliding. The closing bell stopped it at $0.0017 – exactly the same as Wednesday’s value.<\/p>\n

So, Damn Good Penny Picks failed rather miserably at pushing the ticker in the right direction, and the same can be said about HIHI<\/a><\/strong>‘s own announcement, but is this really that much of a surprise? The truth is, as optimistic as the press releases and emails sound, there isn’t an awful lot else to suggest that you have a solid investment opportunity on your hands.<\/p>\n

The company switched its focus from providing business services to real estate at the end of 2013 and the people at the helm of HIHI<\/a><\/strong> said back then that they’ll do a lot of things. They wanted to acquire some properties and generate revenues from them. They also wanted to tidy up the share structure and turn the company into a fully reporting entity. All they managed to do in a little over a year, was change the company name and ticker symbol and come up with a website that’s not exactly informative.<\/p>\n

The press releases are not entirely convincing, either. For one, the share reduction plan is not new. They’ve been talking about it for a while. And although they say that they are going to buy<\/em> the shares from the shareholders, we’re not sure how exactly they’re going to do that. According to the Q1 report, on March 31, the company had:<\/p>\n