Penny Stock of the company Healthy Coffee International New ( PINK: HCEI ) is up more than 100 % after yesterday's strong move of more than 200%. As of now, there is no announcements about any developments in the company. Few big investors might know the news behind the move and they have started accumulating the stock in bulk. It will be a cautious trade and trader might not consider a buy at this levels as there is lack of announcements or news.
The only indication that something great might be in the works comes from iHub. As it seems, HCEI is about to be presented at the 2011 MTV Movie Awards. In addition, internal sources have hinted at 'a huge spurt' around HCEI going on.
As of June 30, 2010, HCEI has $9 thousand in current assets, zero current liabilities and a net loss in excess of $19K. The lack of revenues raises concerns whether the company has already developed a final product, or it is still a work in progress. Anyway, an appearance at the MTV Movie Awards (provided it is not a mere rumour) certainly has the potential to give HCEI the boost it needs.
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