I believe FRHV has bottomed and is looking to make a move back over its 50 DMA at $.0025 and ultimately to its 200DMA $.0066. The stock could rally back over $.01, but lets not get ahead of ourselves yet.
FRHV is current with its SEC filings, has a respectable share structure and recently updated investors via some press releases, one of which I will paste below. I think much of the decline from FRHV has been dilution and that could remain a problem from here on out. That is the risk. Looking at recent trading action there isn't any heavy selling to note, which makes me confident that this stock is poised to make a nice move higher.
Keep this one on your watchlist. I do think it will impress from these price levels.
NEW YORK, NY, Feb 17, 2012 (MARKETWIRE via COMTEX) -- Fresh Harvest Products, Inc. (OTCQB: FRHV) (PINKSHEETS: FRHV) announced today the formal development of its Digital Strategy and Social Media program. We developed this program to leverage the growth and continuing evolution of social networks, while building brand awareness. Currently, Fresh Harvest's Wings of Nature and AC LaRocco brands both have a presence on social networks Twitter and Facebook. As part of the Digital and Social Media Marketing Plan to expand our presence, Fresh Harvest intends to: (1) use Search Engine Optimization (SEO) tactics to focus on organic and natural keywords to identify organic search results; (2) use targeted marketing that is tied to specific audience(s), leveraging various social networks and utilizing the ability to target our core consumer base; and, (3) cost effectively pooling common interesting within existing social networks infrastructure to increase our brand awareness.
By expanding our current presence, and populating FRHV's brands in all forms of media, such as audio, video, text, apps, blogs, and social networks. We believe this will provide us the opportunity to personally connect with our customers and build long-term brand loyalty, as well as being able to use digital technology and analytics to increase our productivity, foster interactivity with our customers, and lower our costs.
We believe that the return on investment of advertising can be much more efficient through the digital space than through conventional forms of advertising. We are committed to building our digital media presence and interactive capabilities.
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. is a natural and organic products company in North America. Fresh Harvest participates in several natural categories, principally frozen pizza, frozen food products and snack products, with brands including Wings of Nature(TM), AC LaRocco(TM) and TeAloe(TM). We sell our products through specialty and natural food distributors to stores, specialty supermarkets and retailers. Fresh Harvest Products, Inc. is headquartered in New York City. Additional information is available at www.wings-of-nature.com and www.aclarocco.com.
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