Stratton Holdings Inc. (PINK:STHG) Pieces of The Puzzle Still Missing
Recently, a number of announcements drove up the price of Stratton Holdings Inc. (PINK:STHG, STHG message board). The company may be getting a fresh start, but details are still scarce.
Yesterday, STHG closed down 26.32% at $0.0014 on more than 127 million shares. This could have been a case of profit taking after a spike, or there is simply not enough information to have an uninterrupted run.
The company issued a press release yesterday, saying it is furnishing all required documents and filings to qualify for Current Information status with OTCMarkets.
Initially, the press released may have fueled trading, but it couldn't stop the price from dropping at the end of the day.
The idea of new management and going in the natural resources sector seems to be appealing to shareholders and traders. Indeed, it could mean new life for STHG, however, it is way too early to have a party.
The filings mentioned in the press release could help fuel a stable run, or they could put an end to the current one. At the moment, caution may be the best way to approach STHG.
