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« Hip Hop Chess Federation in Kung Fu Magazine | Main | Andre 3000 Benjamin: Battle In Seattle Trailer »

September 01, 2008

H3 Enterprises Stock [HTRE.PK] Under Ben Chavis

An intelligently critical report on the currently dim outlook for H3 Enterprises and the HipHopSodaShop reminded me that I meant to share the stock chart covering the period for which Ben Chavis helmed H3.

Rev. Ben took the reigns in June of 2007 and left in defeat in July of 2008, just a bit over a year.

I'd love to embed a stock chart but financial websites have dropped the ball and the sites that do provide embeddable charts exclude charts for penny stocks like HTRE.PK.

So here's a link to a 2 year stock chart for H3 Enterprises Inc. at Yahoo Finance.

As you can see, Ben Chavis' new role as CEO boosts the stock in June '07 after a considerable drop.  Much of that added value disappears by October '07 and is then revived by an appearance on the Fox Business Network in December '07 from which it mostly declined till they kicked him out.

You can get more detailed and compare the history of press releases to the chart and see what helped move the price and what didn't.  Note, too, the lack of any mainstream coverage of this stock.  It's all press releases.

Today the stock continues to fluctuate and, as I write, has dropped to less than .04 cents.

One shouldn't blame all this on Ben Chavis but, if one looks at what H3 Enterprises was doing pre-Ben and post-Ben, you have to wonder what he added other than temporary bouts of media appeal though, to be fair, somebody made a little money off all that stock price movement.

Related ProHipHop Coverage:
Looking Back: Dr. Ben and the HipHopSodaShop


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