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Tuesday, November 29, 2022

The Inside Scoop on Provision Holding Inc (OTCMKTS:PVHO)

Provision Holding Inc (OTCMKTS:PVHO) is making a highly explosive move up on accelerating volume as the Company continues to put out some big news in recent weeks. PVHO has transformed in recent weeks from illiquid to one of the top most traded stocks on the entire exchange.

2016 has been a big year for PVHO which has been trading on the bb’s for years to little interest from Investors. 1st the WolfofPennyStocks announced it as their new pick spiking the price up to $0.114 highs, this was followed by a significant drop to mid $0.05’s before the stock embarked on the current run which has eclipsed WolfofPennyStocks $0.113 highs.

Provision Holding Inc (OTCMKTS:PVHO) is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications.

Provision’s 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused companies.

According to filings PVHO did $1.17 million in the 3rd quarter 2015 compared to just $49 thousand for the same quarter in 2014. Provision reported a net profit of $82 thousand for the quarter ended September 30, 2015, compared to a net loss of $321 thousand last year.

Following the Wolf’s promotion PVHO said in a statement that ”The Company is not affiliated with the promotional materials’ author or its affiliated entities or persons. The Company’s recent press releases have reported on and provided disclosure of legitimate and ongoing corporate activity only, and are not part of any promotional activities or campaign,” stated Curt Thornton, CEO of Provision Holding. Provision encourages those interested in the Company to rely solely on information included in its press releases read with its filings and disclosures.

Recently PVHO announced 200 3D Savings Center Kiosks have been successfully installed. These installations represent continued penetration of the New York City and Los Angeles markets for its key retail partner, one of the largest retail drugstore chains in the United States. Provision’s 3D Savings Center Kiosks generate eye-popping, three dimensional, holographic videos and will include exclusive loyalty card information and promotions.

Currently, the kiosks are featuring ads for store brand products. Going forward, the kiosks are expected to provide unique on-site advertising and promotion for a variety of major brands.

According to a recent letter to shareholders PVHO progress in 2015 was initiated in 2014 when they obtained financing from DB Dava and announced that they would begin their initial kiosk rollout to 200 stores and become current in our SEC periodic filings.

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In May 2015 PVHO announced the completion of Comprehensive Form 10-K to achieve the goal of compliance with SEC regulations. That same month the Company announced Pharmark Ad Sales for Rite Aid. In September PVHO announced shipping first 100 kiosks to Rite Aid. In October they announced a partnership with Fujifilm to install and service kiosks and announced installation of first 150 kiosks. In November PVHO announced quarterly results with $1M in revenues. Further, to kick off the year, in January 2016 PVHO announced the shipment of an additional 250 kiosks for immediate installation.

On February 4 PVHO announced it has issued a total of $4 million, before commissions and expenses, in a private placement financing of 12% Series A Senior Secured Convertible Promissory Notes, convertible into shares of the Company’s common stock at a conversion price of $0.10 per share. Each note purchaser will also receive, for every $1,000 in promissory notes purchased, warrants to purchase 2,000 shares of the Company’s common stock at an exercise price of $0.15 per share for a period of five years after the warrant’s issuance. Radnor Research & Trading Company acted as sole placement agent for the financing.

The financing should assist in the Company’s growth beyond its current installations of approximately 450 3D Savings Center kiosks with a national retail customer. The Company plans to have 1,000 3D Savings Center kiosks installed by the second quarter.

CEO Curt Thornton said “We are pleased to have closed on this round of financing and to have been able to do so at a significant premium to the market, despite the recent broader market volatility. 2016 is a pivotal year in the continued evolution of Provision and the commercialization of our proprietary technology.”

Currently trading at a $9 million market valuation PVHO does have 1.8 million in the treasury and significant aforementioned revenues. However the Company has been on the bb’s for years and has been losing money all along which has resulted in significant debt on the books that is going to have a huge impact on the Company’s future. But PVHO is an exciting story in small caps; the Company is a leading purveyor of intelligent interactive 3D holographic display technologies and the stock has finally broken out on big volume after years of inactivity. We will be updating on PVHO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PVHO.

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Disclosure: we hold no position in PVHO either long or short and we have not been compensated for this article.

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