Sebastian River Hldgs (PINK:SBRH) Melts Away

Sebastian River Hldgs (PINK:SBRH) hit the deck with a spectacular 57% loss in just one day. Though the huge move should not be surprising for the people following this sub-penny stock.

Huge losses are recorded as the company is still trying to update its status to Current Information, as provided by OTC Markets. The lack of publicly available information is the main cause for their stocks current valuation. Traders are now waiting to get a look at Vaenza’s, the controlling entity, financial statements which were promised to be delivered over the coming couple of days. The anticipation is cutting the share price with each day the numbers are not presented and this is likely to repeat into the future.[BANNER]

If the financials are actually filed, stock could fly high once again, as it did in the past. The question is, how sustainable the rally would be once the company is no longer a blank check.

The penny stocks carry significant risks of loss, and those risks are adequately multiplied by the number of zeros found on the share price. In the past, this sub-penny stock had followed the best penny stock traditions of quick appreciation and collapse cycle, which are very dangerous patterns, especially for less experienced traders.

Pink sheets trading Sebastian has caused some ruckus on the market when it was acquired by Vaenza, a solar cell manufacturer from South Korea. To date, the company has only made random acts of publicity, thus getting short life span on their stock price rallies.

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