Boston, MA 03/03/2014 (wallstreetpr) – Well Power Inc (OTCBB:WPWR) is a well-known penny-stock with a share trading at less than $1. The stock was last seen losing more than 1 percent of its market value to trade at $0.82 per share. While the stock has managed to rise from near bottom levels, there may be more that meets the eye as concerns the company and its stock price.
You can’t help but notice that analysts are raising red flag on the stock, and all for solid reasons. As we all know, anything can happen in the market and not once we have dead-cats bounce back. However, it is almost unlikely that Well Power Inc (OTCBB:WPWR) would attain a dead-cat-bounce-back scenario.
Market experts have noticed something and they are not shy to point out that the value of the stock could be somewhere near nothing, call it zero if you like. So then, what is the reason the stock has been seen climbing? Simple, it has been discovered that a fat budget, roughly $4.1 million is being spent in promotion scheme and before long, as it almost always happens in such cases, someone is going to go home empty handed and that someone is always the investor because insiders know when to jump ship.
Nobody loves to hear they are sitting on a time bomb. But those holding position in Well Power Inc (OTCBB:WPWR) are being reminded of just that. And that the fact of the matter is that the company which until about two months ago had a different ticker, different name and supposedly different plan is nothing more than a business with zero assets and no real operations.
Perhaps this assertion is to hammer the point home that unlike stock promotions that helped lift Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) and Pan Global Corp (OTCMKTS:PGLO), the backlash in Well Power Inc (OTCBB:WPWR) after the artificial stock lift ceases, would be too mighty to bear.
Well, if what you’ve read so far fell short of making a straight point, here is a recap, that you should trade Well Power Inc (OTCBB:WPWR) carefully because it is more radioactive than you may have thought.
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