{"id":962,"date":"2012-12-13T08:32:00","date_gmt":"2012-12-13T08:32:00","guid":{"rendered":"\/?p=962"},"modified":"2013-03-25T21:02:36","modified_gmt":"2013-03-25T21:02:36","slug":"harmonic-energy-inc-pinkasuv-drops-hard","status":"publish","type":"post","link":"\/articles\/harmonic-energy-inc-pinkasuv-drops-hard\/","title":{"rendered":"Harmonic Energy, Inc. (PINK:ASUV) Drops Hard"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ASUV_chart.png\" border=\"0\" alt=\"ASUV_chart.png\" title=\"ASUV_chart.png\" width=\"450\" height=\"201\" \/>In yesterday&#8217;s trading Harmonic Energy, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a>) dropped another 30%, to lose a total of nearly 50% in two consecutive trading sessions and close at $0.84 per share. What is the story behind the company, though? <\/p>\n<p>Harmonic Energy, Inc. is an enterprise claiming to recycle old tires and use them for producing energy. Before we get to the more interesting stuff from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a>&#8216;s past, here is a quick look at their financial situation, as per their latest filed report &#8211; their 10-K for their fiscal year ended July 2012:<\/p>\n<ul>\n<li>$56 thousand in cash<\/li>\n<li>$214 thousand in current liabilities<\/li>\n<li>ZERO revenues for all of 2011 and 2012<\/li>\n<li>$241 thousand net loss for 2012<\/li>\n<\/ul>\n<p>These numbers are both unpleasant to look at and outdated but it&#8217;s all the official information investors have at the moment. In late October, the company touted its name being features in an &#8216;independent&#8217; research report, which gave them a price target of $5.26. This of course helped the price move up a notch but the truth is, the press release touted a report which was neither current, nor independent.<\/p>\n<p>The item in question is a so-called research paper on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> compiled by Cohen Independent Research, which was issued during the summer. However, closer inspection will reveal that the report was also paid, and the cash came from none other than <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> itself. The company paid $11.5 thousand to basically advertise itself in a report it then claimed to be independent and recycled as PR material in late October.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/TEXX_fail.png\" border=\"0\" alt=\"TEXX_fail.png\" title=\"TEXX_fail.png\" width=\"375\" height=\"167\" \/>This summer the same Cohen Independent issued a report on Empereal Americas, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TEXX\">TEXX<\/a>), formerly known as AAA Public Adjusting Group, Inc.&nbsp;&#8211; an enterprise which is now down to $0.02 per share, 90+% down from the highs at the time of the report of about $0.25. This might give investors some idea of the credibility of Mr. Cohen&#8217;s papers. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> stock itself was pumped before and the outcome of that is marked on the chart at the top.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> hopped up even higher in price when they released a video on their youtube channel on Dec. 3, which shows a factory and equipment. Of course, the video never shows anything that can prove this is their own plant, except for a still image of the <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> logo as the video opens and closes. Obviously the confidence boost the video may have given investors is now gone, as the stock crashed hard twice in a row. At its current price, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ASUV\">ASUV<\/a> is an enterprise with a $52.9 million market cap, a figure backed up by little more than unimpressive assets and zero ability to generate revenue in 2011 and 2012.<\/p>\n<p>Topping everything off is the extra bit of information disclosed in a recent 8-K filing, revealing that the company also sees it fit to pay CEO and President Jamie Mann $60 thousand per year for services rendered through his consultancy firm.<\/p>\n<p>Investors are advised to do their own research and check all their information sources as paid advertising is often disguised as valid and independent research.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFjx8-2FCiV0y9PqC6aDVjjZCDiPk0WZQL4F7X6UAo-2FfeeIkgt0DER9mzyfqW2rQAEvxhT45ThshmaOpQKh3Ewcb-2FKKCMgez32BNRVQv9iAx6rHxAg1AoYXSKaHi0aZ-2Burtnrl8fXOdKIxMMeWmiBCMHhg-3D-3D\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In yesterday&#8217;s trading Harmonic Energy, Inc. (PINK:ASUV) dropped another 30%, to lose a total of nearly 50% in two consecutive trading sessions and close at $0.84 per share. What is the story behind the&#46;&#46;&#46;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[177,143],"class_list":["post-962","post","type-post","status-publish","format-standard","hentry","category-news","tag-asuv","tag-texx"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/962","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=962"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/962\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}