PFEH had a change of control last summer indicating a new direction for the company. This was revealed via an 8-k filing. The stock jumped on the news to a high of $.0016. It has since traded as low as $.0001 after a slow and steady drop from the $.0016 mark. Investors have moved on and forgotten about this stock... until now.
A recent Secretary of State filing shows a reinstatement indicating that the stock may once again become active. With a new CEO in place the company may very well be ready to introduce some value back into PFEH and the stock should rally in advance of this news.
Another factor pointing to a breakout in PFEH shares is the accumulation that has been going on since this past summer. Someone, according to the chart, has been buying up shares of PFEH. Having less tradeable shares in the market it a very good thing and it looks like that is happening here with PFEH.
All of these factors make PFEH a stock to watch in 2010. We've seen these triple zero priced stocks surge over a penny, and PFEH may very well be the next one to post such a gain.
Keep it on your watch list.
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1 comment:
.001 coming
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