Strategic Stocks To Watch SMART HOLDINGS INCORPORATED (OTC: SMHS)
Up 100.00% on Thursday
Headquartered in Marietta, GA, Smart Holdings, Inc., through its wholly owned subsidiary, Assurance Group Direct, is in the business of selling automotive extended service plans on a nationwide basis directly to consumers through national television advertising and internet marketing as well as traditional wholesale distribution channels such as the brick and mortar auto dealers, used car dealers, service drives, auctions and through organizations and finance companies.
SMHS News:
November 14 – Smart Holdings, Inc.(SMHS) Comments on DTCC Stock Chill
01-06-12 Strategic Stocks To Watch SMART HOLDINGS INCORPORATED (OTC: SMHS)
Smart Holdings, Inc. (OTC: SMHS) announced that the Company has been aggressively trying to remove a DTC chill order placed by the DTCC back in June. The ‘chill order’ means that the Company’s stock cannot be transferred using DTC brokers, limiting them from freely trading the company stock without hurdles resulting in shareholders inability to buy or sell stock in the open market. No notice or explanation was received prior to the chill or after the chill was put in place; a move which has clearly damaged investor confidence.
The Company reported calling the DTCC numerous times and hired two different attorneys who also could not get any answers. The Company spoke to seven different representatives at the DTCC who could not give any reason or information regarding the chill order. The Company said all efforts are being made to determine the cause so they can resolve the issue.
In other news, the Company is revising its Prescription RX website with a whole new look. The recent TV and newspaper campaign produced hundreds of leads and they have hired an SEO company to help gain page ranking.
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