NHS Health Solutions, Inc. (PINK:NHSH
, NHSH message board
) has been promoted
since Mar. 13, but the promotion seems to have had very little effect on the market performance of the stock, despite the $150 thousand compensation.
Yesterday NHSH closed down 0.93% at $0.1387 on as little as 43 thousand shares.
After the close the company announced its subsidiary Mineseeker Operations Overses Limited (Mineseeker) had released images of suspected buried land mines, and provided a simplistic video with some upbeat techno music background.
On Feb. 13 NHSH claimed its subsidiary had signed a Memorandum of Understanding with a South African company for the use of NHSH's technology in a project. The announcement was accompanied by a significant price surge.
However, the company has, so far, failed to file an 8-K about the aforementioned MOU. In fact, NHSH hasn't filed anything with the SEC since Oct. 11, 2011. Additionally, there is basically no information about the current financial situation of the company.
Supposedly, Mineseeker has the technology to make landmine detection faster and cheaper. Interestingly enough, the sample images in the video announced yesterday are from a demonstration conducted back in 2010. The video itself was uploaded on Mar. 19.
At the time of this writing, no NHSH shares have been traded in today's session. With very limited filings, an ineffective promotion, and optimistic press releases, NHSH may have difficulties keeping the current price level for long.