NEW YORK, March 27, 2014 /PRNewswire/ -- American Heritage
Inc. (OTCQB: AHII) E-cigarette maker announced on March 21 that it had sold out of more than 20,000
of its e-cigarette sticks. The news comes nearly a week after the
company announced that it had reached agreements to expand its
distribution efforts. The company's products will soon be available
in more than 400 stores in California, Florida, Texas, New
Mexico, New York, and
Oklahoma. Only days after
announcing expanded distribution of its e-cigarettes, American
Heritage, Inc. saw its value slashed by 50 percent.
Despite the two pieces of positive news, investors have turned
sour on the stock. On March 25, the
company dropped by 50 percent, from $1.40 per share to $0.70 per share. Prior to the steep drop, the
company's stock had climbed from $0.05 to $1.60 in
only 10 months.
The drop in price seems contradictory to the company's most
recent news. Some believe the drop may be related to an ongoing
internet and direct mail campaign to promote the company's stock.
For all of its efforts in expanding distribution, the company has
seen little in the way of financial results. Third quarter 2014
reports show that American Heritage hadn't had any revenue in more
than a year and had only $13,000 in
cash available.
Are investors spooked by questions about the company's
financials and promotional efforts?
To learn more about AHII and view a full analyst report that
includes market overview, products and distribution, stock
performance, financials, analyst summary and recommendation use the
link provided below.
http://bit.ly/AHII-AnalystReview
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