![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91595\/egyh_6m_450x350.png\")
<\/p>\n<\/p>\n
After surging upwards for a couple of sessions and appreciating significantly yesterday the stock of Energy Holdings International Inc (OTCMKTS:EGYH<\/a>) suffered a rather rude awakening. It crashed hard wiping close to 29% of its value dropping to a close at $0.0202 per share. The crash shouldn’t come as a surprise considering the fact that there was nothing supporting the stock’s ascent in the first place.<\/p>\n Not a single PR has been published for the past 10 months while the last news article uploaded to EGYH<\/a>‘s <\/strong>corporate website is close to 4 years old. In addition the latest quarterly report revealed that the company’s financial state is truly horrendous – as of March 31 they had:<\/p>\n • $162 cash If that wasn’t enough of a red flag during the nine months ended March 31 EGYH<\/a> <\/strong>sold $167 thousand worth of convertible debt that can be turned into common shares at discounts ranging from 42% to 50%. Although investors will have to wait for the annual report in order to see a more detailed picture of the share structure thanks to a Schedule 13G statement that was filed at the end of September we know that the outstanding shares have grown from 45 million as of February 23 to over 57 million.<\/p>\n With the annual report expected to be completed by the middle of the month investors should adjust their trades accordingly because if the numbers inside it are still as terrible EGYH<\/a> <\/strong>could quickly return to its previous price ranges. For now though the rumors and speculations about a potential announcement by EGYH<\/a> <\/strong>could be enough to keep the hype going.<\/p>\n In early trading today the stock is trying to recover some of its losses currently sitting 8.91% in the green at $0.022.<\/p>\n","protected":false},"excerpt":{"rendered":" After surging upwards for a couple of sessions and appreciating significantly yesterday the stock of Energy Holdings International Inc (OTCMKTS:EGYH) suffered a rather rude awakening. It crashed hard wiping close to 29% of its...<\/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":[1880],"class_list":["post-7111","post","type-post","status-publish","format-standard","hentry","category-news","tag-egyh"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7111","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=7111"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7111\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
• $41,237 current assets
• $2,306,199 current liabilities
• ZERO revenues
• $977,140 net loss<\/p>\n