Another promotional wave is gearing up in favour of Cephas Holding Corp. (PINK:CEHC)
. Currently evaluated at at least $10 thousand
, it is expected to trigger another pump of CEHC stock. While such a move used to be bound to succeed in the past, a positive price movement of CEHC stock in the upcoming session can hardly be taken for granted given the circumstances.
According to an iHub poster going only by the name of Calc, CEO Peter Klamka "was up for securities fraud in Iowa". As it seems, this statement could have an adverse effect on Klamka's reputation. Shortly after we wrote the article, the post mysteriously disappeared from iHub. Nevertheless, a cached copy remained (see image below chart). In addition, another copy has remained here, as well.
Apparently, this anonymous iHub poster "Calc" is obsessed with bashing Peter Klamka and his Company. From his iHub profile, we can see that he has posted over 2,700 times on the CEHC message board, sometimes making over 10 posts per day. (When do these people find time for work?). While I did not read all of them, the ones I did read were quite negative. However, we could not find any court documents to back up his claims.
In a desperate attempt to soften up the negative impact on CEHC stock, the company issued two subsequent 'bombastic' corporate updates for the last two days. First, it revealed its new CephaX online platform for sales and communication. Then, another press release followed yesterday. The latter tackled the launch of a signature mobile app for Fedor Emelianenko, a famous Russian heavyweight mixed martial artist. The updates may sound promising, yet, neither of them has made for a huge price jump, at least for now. Instead, CEHC lost 6.7% on Monday, only to gain 7.1% yesterday on a record-low volume.
Quite surprisingly, in the light of all the facts, Cephas Holding Corp occupies one of the premier OTC market tiers. What is more, the company has already informed the SEC that it will not be able to file its annual 2010 report on time, which only suggests that its days on the OTCBB might be numbered.