Think Pink, Think Warrior Girl Corp. (PINK:WRGL), If You Dare
Finally, we met with a company that may have chosen the pink sheets for fashion purposes. Warrior Girl Corp. (PINK:WRGL) is the consummate pink sheet company, with limited reported information, high-flying hopes and an ambitious climb that would never have happened without a paid pump. 
WRGL aims to be an incubator for online business models, acquiring and managing promising online projects. The company, founded in 2010, finances projects within the ranges of $30,000 to $300,000. In the past, WRGL has been traded on low volumes, with significant price swings between a high of 12 cents and a low of $0.0012. Now, WRGL exploded with a growth of 492% within a day, to $0.0016. All this, on record buying volumes of more than 10 million shares. 
Let’s see if WRGL, which bears the label of “shell” on its OTC profile, can show enough reserves to truly support online projects. The filings with the OTC authority reveal:
- $11,000 cash
- $24,000 total liabilities
- $1.4 million assets, including long-term investments
- $19,000 total revenue
- $33,000 operating loss, $783,000 net loss
WRGL shows a strange item, “Other expenses”, sinking the company’s bottom line down a further $750,000. Time will show if this would sink the company, but so far the biggest concern is the volatile and underpriced stock, which could hold many surprises, especially if the new session invites selling after the phenomenal fivefold climb on April 3rd.
The pink sheet is in the capable hands of promoter Damn Good Penny Picks, and let’s see if its picks are truly so damn good. The promoter receives on average $45,000 for promotions. StocksGoneWild.com also helped the phenomenal daily climb of WRGL. We only need to look at an older pump, Southern Products, Inc. (OTC:SNPD) to see the fate of a defunct promotion. SNPD revved high to nearly 30 cents at the beginning of March, and dropped to 8 cents, a more than 60% fall, after the emails went silent.
We believe WRGL hides too many red flags and even if it makes a trend, investors should be wary. It is best to be perfectly certain of your acceptable losses before riding the WRGL bandwagon. If you decide to “think pink”, think with caution.
