Powerstorm Holdings Inc (PSTO)

[buxmaker]

I am surprised PSTO hasn't done better. The stock initially sold off on the original filing concerning the merger with Infinity Supply. The company accidentally and IMO stupidly indicated that they were issuing 566 million shares for the deal, at a valuation of .002 per share, which was ridiculous. They have since amended that filing to show only 22 million shares were granted of restricted stock at a valuation of .40 per share.

The initial incorrect filing scared the investors out of the stock as they believed the rug had been pulled out from under them. But the actual terms of the deal were favorable.

The company has been pretty active on Twitter lately. Follow them @PSTOholdings.

I think I also read that they have around $800K in orders booked. Hopefully management will be more shareholder friendly and keep us better informed of what is going on.