In 2014, there were many individuals who received a total of almost 10 billion WORLDWIDE DIVERSIFIED HOLDINGS INC (OTCMKTS:WNTR) shares at a price of $0.0001 a share. The stock was issued in lieu for services, cash, or as a conversion of debt. The people who received it want to sell, they are in luck. The company stock price became the target of another paid pump in this month.
The promotional outfit firm is named as The Next Big Trade which received a compensation of $25,000 for pump. They even got significant help from the firm. After the release of paid pump, the company stated that one of its subsidiary firms, I-Texts, will take the services of ADP so as to expand its business. The deal implies that Worldwide Diversified will be spending funds instead of generating additional revenues.
Despite the negative aspect related to the press release, the stock price surged higher. IN less than seven hours WNTR stock price managed to double its value which investors assumed as start of better days in the rest of the month. However, it didn’t happen as in last trading session, WORLDWIDE DIVERSIFIED HOLDINGS INC (OTCMKTS:WNTR) stock price declined as much as 25% to close the day at $0.00030. The share volume was 281.86 million compared to average daily volume of 94.92 million.
The number game
Despite the sharp decline, the people who received shares at a price of $0.0001 in 2014 are looking at potential gains of 300%. The volume in last trading shows that the people are liquidating their positions in Worldwide Diversified.
As per the latest annual report, Worldwide Diversified reported current assets of $670,000 and $245,000 of current liabilities. The annual revenue came at $886,000 and net income was $251,000. The cash balance was $3, 929 which is clearly a dismal number. Apart from cash reserves, the financial numbers are decent for an OTC traded firm.