{"id":6871,"date":"2015-09-16T11:13:44","date_gmt":"2015-09-16T11:13:44","guid":{"rendered":"\/?p=6871"},"modified":"2015-09-16T11:39:22","modified_gmt":"2015-09-16T11:39:22","slug":"american-transn-holdings-otcmktsathi-blasts-off","status":"publish","type":"post","link":"\/articles\/american-transn-holdings-otcmktsathi-blasts-off\/","title":{"rendered":"American Transn Holdings (OTCMKTS:ATHI) Blasts Off!"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91344\/fsadfasfsa.gif\" border=\"0\" width=\"386\" height=\"223\" \/>American Transn Holdings (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a>) exploded 216.67% up the charts yesterday and a whopping 500% up the day before that, but everything about the company screams BUYER BEWARE. Why? <\/p>\n<p>Where to start&#8230; One glance at <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a>&#8216;s<\/strong> latest financial report, outdated as it is, paints a pretty grizzly picture:<\/p>\n<ul>\n<li>Cash &amp; current assets &#8211; $44 thousand<\/li>\n<li>Total assets &#8211; $251 thousand<\/li>\n<li>Total current liabilities &#8211; $272 thousand<\/li>\n<li>NO REVENUES EVER<\/li>\n<li>Net Loss &#8211; $12.5 thousand<\/li>\n<\/ul>\n<p>With financials such as these, it is no wonder that the ticker was stick in triple zero obscurity for months upon months. And it&#8217;s not like the red flags end there &ndash; no, not by a long shot.<\/p>\n<p>One look at the company&#8217;s share structure history yields a grim realization:<\/p>\n<ul>\n<li>As of June 30, 2014 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a> had 1 MILLION shares issued and outstanding<\/li>\n<li>As of December 31, 2014, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a> had 71 MILLION shares issued and outstanding<\/li>\n<li>As of March 31, 2015 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a> had 315.3 MILLION shares issued and outstanding<\/li>\n<\/ul>\n<p>Not only have the company&#8217;s shareholders been overburdened with dilution, but there&#8217;s no real way to tell how many shares the company currently has outstanding, since as we mentioned earlier, its financials are quite outdated.<\/p>\n<p>What CAN be gleaned from them is the very probable possibility that those 244 million (or 330 million, if you believe the company&#8217;s OTC Markets profile) shares outstanding that have been issued as a result of conversion of debt on what the company calls Note 1. The amount of debt <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a><\/strong> owes on that promissory note has decreased by $68650 quarter over quarter, and although we can&#8217;t be sure where all of that dilution came, since the reports are vague and obscure almost to the point of being useless, the veracity of that theory seems more than a bit likely.<\/p>\n<p>In light of that, investors should note well the fact that, as far as due diligence can tall, the last time <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a> <\/strong>reported it had at least $161 thousand payable. If even a tiny fraction of those notes are converted into stock and dumped on the market, the ticker will be in for quite a plunge.<\/p>\n<p>Suffice it to say that the red flags are as many and as varied as they can get &ndash; and that&#8217;s even if we neglect to cover the inexplicable interest that investors have suddenly taken into <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a><\/strong>, in spite of the apparent lack of developments surrounding the company.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91344\/fsadfsafsaf.jpg\" border=\"0\" width=\"259\" height=\"44\" \/>All in all &ndash; <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ATHI\">ATHI<\/a><\/strong> is a very risky play, and investors should be extremely vigilant if they decide to try and make money out of it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Transn Holdings (OTCMKTS:ATHI) exploded 216.67% up the charts yesterday and a whopping 500% up the day before that, but everything about the company screams BUYER BEWARE. Why? Where to start&#8230; One glance at&#46;&#46;&#46;<\/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":[1850],"class_list":["post-6871","post","type-post","status-publish","format-standard","hentry","category-news","tag-athi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6871","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=6871"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6871\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}