FutureWorld Corp (OTCMKTS:FWDG) Crashing Spectacularly

[[tagnumber 0]][[tagnumber 1]]The stock of FutureWorld Corp (OTCMKTS:FWDG) has seen a lot of trouble since the beginning of this year. The ticker began sliding the final months of 2014, but it continued its steep descent in 2015 and volumes increased significantly as more and more investors began to abandon ship.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last Wednesday, however, we saw an impressive performance from [[tagnumber 6]]FWDG.[[tagnumber 7]] The company added a whopping 150% to its value over the course of a single session on record volumes. The reason was that the same day it was announced that FINRA has approved a dividend that will consist of 1 FutureLand Corp (OTCMKTS:FUTL) share for every 250 [[tagnumber 6]]FWDG[[tagnumber 7]] shares owned by shareholders of record on June 12.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The upward momentum, however, wasn’t enough to push [[tagnumber 6]]FWDG[[tagnumber 7]] much higher and June 11 ended with a small 3.33% gain. The volume, on the other hand, was above that of the previous session and [[tagnumber 6]]FWDG[[tagnumber 7]] recorded $478 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And that’s when things started to get ugly. Despite the company’s press release on Friday we saw [[tagnumber 6]]FWDG[[tagnumber 7]] drop a massive 32.26% in the last day before the weekend. The ticker began sliding as the session started and quickly reached the levels at which it was going to close before continuing to move in an almost straight line for most of the session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we discussed in our previous article, the financials of the new entity that investors will get shares in look quite horrible and it’s uncertain how long it will be able to keep its price after more serious trading ensues. This might be the reason for which [[tagnumber 6]]FWDG[[tagnumber 7]] is failing in today’s session as well, having lost 23.81% as of the writing of this session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This certainly doesn’t look well, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]