American Diversified Holdings (OTC: ADHC) tanked to an all-time low as the trading session ended today. The stock closed at a share price of $0.0088, or 45% lower than its previous close. As the share price of American Diversified Holdings dropped, the volume of the stock surged to a total of 6.87 million shares.
Yesterday, July 23, 2012, American Diversified Holdings announced that it is changing its fiscal year-end from July 31 to December 31. The change is being made so that Rebel Networks, the wholly-owned cloud computing subsidiary, and the parent company will have the same fiscal reporting periods.
American Diversified Holdings’ performance has been disheartening in the past few months. The stock split on April 2, 2012, at a rate of 1:1000, and has been steadily declining since that point.
Many investors may be betting on the stock bouncing back from its free fall. Several traders on Twitter mentioned they were hoping that “this is the bottom now”, as noted by @j_stops.
A number of newsletters have promoted American Diversified Holdings. As mentioned by @pennystock24 on Twitter, Stock Reports and Pennystock Guru promoted American Diversified Holdings yesterday. There are 44 results found on stockpromoters.com regarding the promotion of American Diversified Holdings, which may include duplicate entries.
Here are some other notable headlines for American Diversified Holdings:
- July 20, 2012: American Diversified Holdings announced that it plans to enhance its cloud based application offering to small and medium size companies.
- July 17, 2012: American Diversified Holdings’ operating subsidiary Rebel Networks announced that it has built a cloud platform as a service that can cover private, public and hybrid cloud solutions for customers in a fully managed environment.
- June 29, 2012: American Diversified Holdings announced that it has formally entered the $160 billion cloud computing industry.
American Diversified Holdings is a publicly traded company headquartered in Del Mar, California. American Diversified Holdings is developing a unique software platform for the mobile health care market as the medical profession gears up for electronic health records, and also for direct patient monitoring and information.
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