Aug. 28 at 7:35 PM
$XHLD Ran from around
$1 to over
$9 (800%+) without a fresh catalyst, despite declining revenue and heavy losses.
They recently sold 7.5M shares at
$1, and still have a
$20M equity line available.
They are also facing ongoing DOJ/SEC investigations over questionable post IPO contracts that may have benefited outsiders instead of the company...
Strong momentum, but the valuation makes little sense based on the actual business. An eyebrow raising pump scheme from the looks of it.
I will be watching this for a good short entry, but the daily chart still looks frontside here.
Bearish
