Enherent Corp. (ENHT)

[bspader]

My conclusions on what is occurring here, and these are just my observations and opinions.

You have a company thats been dormant a while in the technology sector and the reason stated was too few shareholders.  (<300)

Looking at the chart it was pretty dead until March of this year when approx 7 Million shares were suddenly bought and I donâ??t see anything (until today) that shows any major sales since.  All accumulation.

In fact there has been at least 12 Million shares bought in the past 7 months out of 37 Million in the Float.  Off the cuff thatâ??s â?¦30%+ of total shares?

The RSI has shown a little overbought in recent days and until today, not many comments.   There have been a couple new faces just today who have suggested there is something illegitimate going on and right after that (within 30 mins) selling began.

I have a hard time believing this is a false move.  IMHO there may be a group who wants to accumulate.  Because there is such a low float, its difficult to get a sizable position, which is what it looks like they want.

Do your own DD but a stock doesnâ??t usually move 1000% with no promotion over the coarse of several months without something fundamentally happening.

A tweet earlier indicated there would be 2.2 million spent on production on this meter coming.   â??As part of the acquisition with IBM, Enherent Corp will remain overseer to Delta 9 production, will spend 2.2 M or 20% of purchase termsâ?Â Â https://twitter.com/EnherentCorp/status/788521057258921985

So what does that mean.  IBM price is 11 Million Dollars?  That would make ENHT a .21 stock if Iâ??m reading that correctly.   11 Million seems right when I searched for company valuation based on revenues and a new technology such as the Delta 9 Thc meter.



It will be interesting to see what happens tomorrow as many have joined the party with Millions of shares in the .007+ area.

All IMO, donâ??t make any decisions based on my observations, but I like this setup as the stock shows oversold now in the RSI