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Harmonic Energy: Large-Scale And Misleading U.K. Stock Promotion Offers Opportunity To Sell - Company Technically Insolvent

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- Tom Winnifrith

A shareholder in Harmonic Energy (ASUV.PK) has spent considerable sums in recent weeks to send out a missive to tens of thousands of UK investors headlined “the one stock you must own before the New Year” with bold claims about how the shares could gain 3200%. In very small print, it is noted that the shareholder is himself looking to sell the shares. Since the company is, according to the latest SEC Filing of December 14, technically insolvent, yet at $1.05, is capitalized at $66 million, this promotion is misleading in the extreme. But it has worked, in that the shares have been heavily traded and have gained 20 cents in the past two weeks. If you hold the stock, this is your chance to sell. Grab it.

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