Investors Lose Interest in Well Power, Inc. (OTCBB:WPWR) Despite the Pump
We have been following the 4.1 million promotion for the stock of Well Power, Inc. (OTCBB:WPWR) since it began two months ago but despite the massive budget its performance is less than stellar. It seems that investors are keeping away from the company and WPWR has closed in the red six out of the last seven sessions.
Yesterday it wiped close to 12% and dropped to $0.56 on just 3.3 million shares, a bit more than half of the average amount for the company. This depressing performance seems to be completely ignored by StockTips, the pumper spearheading the promotional campaign for WPWR. They have been sending email alerts daily and in fact this Wednesday proclaimed that things were just heating up – WPWP lost around 4% on the very same day.
On March 17 WPWR proudly announced that they were able to pay the initial licensing fee of $100 000. Now, all that is left is to pay the other $300 000 within the next two months and to buy two $800 000 Micro-Refinery Units (MRU) by the end of the year. On that day they also submitted a notification of late filing for the quarter ending January 31. The reason cited was inability to “complete the necessary financial information”.
We don’t know how hard that could be when at the end of October WPWR was a shell with zero assets and no operations.
Even now the company has only the distribution agreement valued at $400 000 while at the same time their market cap is sitting at $60 million. In early trading today WPWR is falling even faster and in half an hour of trading has lost 8.9% trading at $0.512.
This week another big budget pump kicked into higher gear. After the creation of a landing page and a couple of email alerts sent by Future Money Trends investors reported that even a hard mailer touting the stock of American Heritage International Inc. (OTCBB:AHII) was put into circulation. According to its disclaimer the total budget allocated for the promotion has risen to 
$1.6 million. If you want to play either of the stocks be sure to consider that just last Friday the SEC suspended trading in the pumped stock of Petrotech Oil & Gas Inc (OTCMKTS:PTOG).
$1.6 million. If you want to play either of the stocks be sure to consider that just last Friday the SEC suspended trading in the pumped stock of Petrotech Oil & Gas Inc (OTCMKTS:PTOG).