{"id":7077,"date":"2015-10-07T16:15:57","date_gmt":"2015-10-07T16:15:57","guid":{"rendered":"\/?p=7077"},"modified":"2015-10-07T16:44:51","modified_gmt":"2015-10-07T16:44:51","slug":"entertainment-arts-otcmktseari-slinks-to-new-52-week-low","status":"publish","type":"post","link":"\/articles\/entertainment-arts-otcmktseari-slinks-to-new-52-week-low\/","title":{"rendered":"ENTERTAINMENT ARTS (OTCMKTS:EARI) Slinks to New 52-Week Low"},"content":{"rendered":"\n

Following a month of turbulence and high volatility back in August, the share price of Entertainment Arts Research Inc (OTCMKTS:EARI<\/a>) seemed to find its footing around five cents per share. However. a massive volume surge on Friday tipped the stock over the edge and sent it tumbling down the charts.<\/p>\n

Hot on the heels of Friday’s 19% drop on massive volume, yesterday EARI<\/a> slid another 23%, wedging itself at a fresh 52-week low. By the closing bell EARI<\/a> was priced at $0.03 per share.<\/p>\n

The sudden jolt and the record volume logged on Friday were likely aided by a couple of pump emails sent out by promoter outfits. The promotions contained little outside of the usual touting drivel, complete with imaginary support levels and promises of a clear-sky breakout. The reality of the situation is obviously quite different, now that EARI<\/a> has slipped nearly 40% from the moment the emails were sent out.<\/p>\n

The pumps also never mentioned that EARI<\/a> is headquartered in a quaint residential house in a quiet corner of a Georgia town. Nor do they mention that the company’s last reported financial situation is far from rosy. Here is what EARI<\/a> had to show on its balance sheet as of June 30:<\/p>\n