{"id":7313,"date":"2015-10-29T10:02:04","date_gmt":"2015-10-29T10:02:04","guid":{"rendered":"\/?p=7313"},"modified":"2015-10-29T10:14:54","modified_gmt":"2015-10-29T10:14:54","slug":"pf-hospitality-group-inc-otcmktspfhs-gets-a-pump","status":"publish","type":"post","link":"\/articles\/pf-hospitality-group-inc-otcmktspfhs-gets-a-pump\/","title":{"rendered":"PF Hospitality Group Inc. (OTCMKTS:PFHS) Gets A Pump"},"content":{"rendered":"\n

PF Hospitality Group Inc. (OTCMKTS:PFHS<\/a>) had been sitting in illiquid obscurity for months on end before yesterday’s tout by Small Cap Specialists LLC. <\/p>\n

From a purely objective point of view, the pump worked rather well – it generated quite a bit of volume, as 551 thousand shares of PFHS<\/a> <\/strong>common stock changed hands. Most of the exciting chart climbing happened in the first few minutes of the trading session, of course – the ticker then proceeded to crash right back down to the bottom of the charts, and truth be told, it’s something of a miracle that it managed to finish the day in the green at all. Why?<\/p>\n

Because, from what even superficial due diligence shows, PFHS<\/a> <\/strong>looks like a classic pump job. The pumper was compensated with “an investor relations budget of fifty thousand dollars cash” to tout a company that has no cash, no current assets or even long term assets of ANY kind.<\/p>\n

Even on the OTC Markets’s pinksheets section it is sometimes hard to find a company that literally has nothing but debts to its name, but PFHS<\/a> <\/strong>is clearly one of those “overachievers” – and it should be dully noted that among its debts, there are $421 thousand worth of convertible notes with provisions as horrible as:<\/p>\n

“The note is also convertible at the option of the Company at a fixed price of $0.001 per share.”<\/em><\/p>\n

And<\/p>\n

“…At a conversion price equal to 65% of the lowest traded price of its common stock for the 20 trading days prior to each conversion date subject to adjustment.”<\/em><\/p>\n

This being the case, is it really any wonder that the ticker took off, just to be slammed back into the ground mere minutes after the session started?<\/p>\n

We should hope not – just as we should hope that no one will be surprised if PFHS<\/a> <\/strong>crashes, drops to the bottom of the charts, then proceeds to return to illiquid obscurity once more.<\/p>\n","protected":false},"excerpt":{"rendered":"

PF Hospitality Group Inc. (OTCMKTS:PFHS) had been sitting in illiquid obscurity for months on end before yesterday’s tout by Small Cap Specialists LLC. From a purely objective point of view, the pump worked rather...<\/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":[1909],"class_list":["post-7313","post","type-post","status-publish","format-standard","hentry","category-news","tag-pfhs"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7313","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=7313"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7313\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}