WindPower Innovations, Inc. (OTCMKTS:WPNV) Continues to Go North

The last month was good for the stock of WindPower Innovations, Inc. (OTCMKTS:WPNV) as it went up a whopping 676% from it’s price of $0.013 in the end of May to the current $0.088.

WPNV registered another day in the green yesterday when their stock added a further 17% to its price as it climbed from $0.0747 to $0.088 on a decent volume of 1.2 million shares. Even though the volume was below their average of 1.35 million it managed to generate a reasonable trade value of a bit over $100 thousand. The fact that the insiders aren’t dumping like crazy is good and is undoubtedly helping them price-wise.

With the non-stop touting of WPNV‘s stock by Direct Global Media through their affiliates PunterStockPicks and XtremePicks we are quite sure that it will continue to go in an upward direction even though they had some sessions with big drops. Then the question comes: How long will that last and what will happen after DGM stop touting them? Well, we can at least suggest what is going to happen when we take a quick look at the chart of another company that was pumped by DGM and see what happened after they stopped touting them. The company in question is Global Entertainment Holdings, Inc. (OTCMKTS:GBHL) and we can also see that XtremePicks returned to tout them on June 7 and June 10 without any success and moved on to WPNV.

WPNV haven’t filed any documents containing financial data of their most recently acquired subsidiary RIG Construction, Inc. even though the acquisition was completed on April 19. We don’t really know what the reason for this shadiness is, as we are told that the newly acquired subsidiary has a strong business and has revenues in the millions of dollars and it will be only good for WPNV‘s stock if their claims are backed by documents. Also, WPNV themselves aren’t a SEC filer and are reporting according to the alternative reporting standard in the OTC Markets. Below are the numbers of prime interest from their latest quarterly report covering the period ended March 31.

• cash: $0
• total assets: $1 thousand
• current liabilities: $650 thousand
• revenue: $1 thousand
• net loss: $107 thousand

As we told you in our last article about WPNV the acquisition was done in exchange of 10 million shares at a $0.60 price which WPNV‘s management would have to get for their stock in the next 3 years. Things are just beginning to heat up as WPNV have set their aim very high, so be sure to do your due diligence and weigh out the risks before you make an investment choice. After all, we don’t know for how long Direct Global Media will be pushing them up.

Another company that is climbing the charts for a while now is Imageware Systems Inc (OTCMKTS:IWSY) who added an additional 14% to their price yesterday as they jumped from $2.28 to $2.60.