{"id":7066,"date":"2015-10-06T14:13:49","date_gmt":"2015-10-06T14:13:49","guid":{"rendered":"\/?p=7066"},"modified":"2015-10-06T14:14:43","modified_gmt":"2015-10-06T14:14:43","slug":"north-american-cannabis-holdings-inc-otcmktsusmjs-bounce-is-short-lived","status":"publish","type":"post","link":"\/articles\/north-american-cannabis-holdings-inc-otcmktsusmjs-bounce-is-short-lived\/","title":{"rendered":"NORTH AMERICAN CANNABIS HOLDINGS, INC (OTCMKTS:USMJ)’s Bounce is Short-Lived"},"content":{"rendered":"\n

After catching a big percentile boost on a so-called ‘research report’, the stock of North American Cannabis Holdings Inc (OTCMKTS:USMJ<\/a>) is hurtling back towards the dark reaches of triple zero land. On Friday USMJ<\/a> dropped another 36% and stopped at $0.001 per share.<\/p>\n

The reason why USMJ<\/a> cropped up among the OTC’s biggest dollar volume movers is the so-called ‘research report’ that was put up on September 30. The material’s publication was announced by the company through a press release and the whole piece was put up on USMJ<\/a>‘s own website. The ‘report’ was compiled and signed by one Caprock Research, represented by a Mr. Charles I. Reed, a chartered financial analyst, if the material is to be believed.<\/p>\n

Caprock gave USMJ<\/a> stock an “accumulate” recommendation and set ludicrous target prices, with $0.15 in the short term and over half a dollar as a long-term target price. Everyone who can set aside 10 minutes and rifle through the company’s public reports can see why those claims are wildly unfounded. The fact that USMJ<\/a> did not come through with its now-overdue annual report also does very little to boost investor confidence.<\/p>\n

Those who are still enthused about the stock may want to know the names of a few other companies Caprock compiled reports on and recommended to readers. Those include ForceField Energy Inc (OTCMKTS:FNRG) – a former NASDAQ stock that got suspended by the SEC over “articles and promotions touting FNRG”. FNRG is currently trading for $0.02 per share on the OTC. Caprock also promoted and set ridiculous target prices for another company named Southern USA Resources (OTCMKTS:SUSA) who also got suspended by the SEC due to concerns related to the company’s operations and outstanding shares.<\/p>\n

With such a track record, the report Caprock compiled for USMJ<\/a> seems even more hilarious.<\/p>\n","protected":false},"excerpt":{"rendered":"

After catching a big percentile boost on a so-called ‘research report’, the stock of North American Cannabis Holdings Inc (OTCMKTS:USMJ) is hurtling back towards the dark reaches of triple zero land. On Friday USMJ...<\/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":[1707],"class_list":["post-7066","post","type-post","status-publish","format-standard","hentry","category-news","tag-usmj"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7066","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=7066"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7066\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}