Stock price of W Technologies, Inc. (PINK:WTCG) has been frozen during the last couple of days. Yesterday, it remained 
$0.025 per share, while traded volume of WTCG rose up to approximately 196 thousand shares. Nevertheless, the situation might look different today, due to the recent promotion of the stock.
The campaign was held yesterday when WTCG was promoted for a compensation of $3,500 to attract investors’ attention. Whether the alert will influence the stock price is just about to be seen.
W Technologies, Inc. and its subsidiary, SoMo, focus on the utilization and integration of social media such as Facebook, Twitter and LinkedIn to facilitate interactive, two way communications via the cell phone, between the client and the buying public. Apart from the yesterday promotion, there is nothing else to pump up WTCG stock price as any recent news on the company is currently missing.[BANNER]
The only data available turns out to be the quarterly report of WTCG filed with the SEC last month. The 10-Q shows that as of January 31, 2012 the company’s cash has decreased, while its liabilities and net loss jumped up. In addition, the accumulated deficit kept increasing and totaled $29.7 million.
Based on their financials, the management of WTCG states that the ability of the company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the financial report and eventually secure other sources of financing and attain profitable operations. However, at this point none of these can be guaranteed.
