XYNH has seen its shares slide for a little over 12 months as the company entered a quite period of issuing little news or company updates. Investors have treated this company silence as a sign that XYNH was going belly-up and have sold their positions. Unfortunately for them XYNH is not only alive and well, they are taking important steps to increase shareholder value.
For anyone that does not know XYNH and what they are trying to do, visit their web site at : http://www.xynergyusa.com/ . On it there is a pretty impressive demo of the technology they are trying to utilize in the market place. In order to maintain current levels of research and development the company has gone ahead a procured Simply Distribution, LLC as a means to fund current company expenses, and grow revenue. This was a smart move, as it gives the company much needed capital and time.
The company has also retained an auditing firm and securities counsel to file a registration statement with the Securities and Exchange Commission and to become fully reporting. To that end, the Company is currently being audited and hopes to file with the SEC within the upcoming weeks. Good things are going on for XYNH and its shareholders.
XYNH hit $.035 before slowly trickling down to sub $.001. It closed today at $.0006, which I think is quite the bargain considering all this stock has going for it. I think XYNH will see $.002 and better as the news and company updates come in.
Investors have neglected to take notice of this stock, but I think that will change at some point. There is no better place to be positioned for a big move higher than at the bottom. XYNH right now, in my view, is at the bottom. It has no where to go but up and the recent news is the impetus for that move. Factor in future events and this stock could be trading 400-500% higher than today's close.
XYNH is a stock to add to your watch list if you haven't already. The company has come back to life and I expect the stock to follow in a big way.
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