The promotional coverage for White Smile Global, Inc. (PINK:WSML) stock would not stop. Yesterday, two more promotional newsletters provided for another jump of the share price, while the company issued the next in row press release yearly in the morning.
Yesterday’s session closed with a 13.33% increase at $0.85 for a share. Trading activity was rather low with only 229,067 traded shares, probably a signal that the impact of the paid promoters on the performance of WSML is starting to fade away. According to our database, the new e-mails are part of the old campaign as one of the promoters discloses a compensation of $65,000 and the other of $15,000.
White Smile Global latest PR from earlier today is also likely to support the promotions today. The company announced that it would start a clinical trial for its patent-pending teeth cleaning and whitening foam, and that the product should be made available for sale as soon as that final testing process is completed.
Last Tuesday, WSML filed an 8-K also related to its future marketable products. At the beginning of October this year, the company signed an agreement with its Director and CEO Dr. Martin S. Giniger under which WSML purchased from Dr. Giniger the rights over certain assets consisting of various patent-pending tooth care products.
In consideration of these assets, Dr. Giniger would receive 18,000,000 restricted shares of WSML common stock and $100,000 within thirty days of the closing of the agreement. Considering the current share price of WSML stock, it looks like the acquired assets should have significant value, which should also appear on the company’s next balance sheet.