Watch the video to learn about the probability of Herborium Group, Inc. (HBRM) Chart Signal as of May 24 2013
This free program will calculate the probabilities of Herborium Group, Inc. (HBRM) stock chart
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The value of Herborium Group, Inc. (PINK:HBRM, HBRM message board) multiplied yesterday after China Health Resource, Inc. (CHRI) announced a letter of intent to acquire HBRM.
After the press release, HBRM had an amazing session and closed up 245.45% at $0.0038 with approximately 365.5 million shares changing hands.
CHRI shareholders weren't all that excited by the news, after a quiet session CHRI actually closed down 6.25%.
The press release contained no details on the potential transaction, but that isn't surprising considering it's an announcement of a letter of intent, not an acquisition.
According to the press release, CHRI sees HBRM as a potential acquisition which could help the company get some presence on the US markets.
CHRI's financial reports suggest the company is in a relatively good condition although it was short of cash. With $1.8 million in net income for the quarter ended Sept. 30, CHRI could take the hit from acquiring a losing enterprise with significant working capital deficit.
Still, traders and shareholders should keep in mind that an LOI is very little more than a forward looking statement. Time will tell if CHRI decides to go through with the acquisition and what the details would be.
Watch the video to learn about the probability of Herborium Group, Inc. (HBRM) Chart Signal as of May 24 2013
Hotstocked Precision will calculate the probabilities of Herborium Group, Inc. (HBRM)
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| Size: | 656KB |
| Version: | 1.1 |
| Platform: | Win/Mac |
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