Yesterday evening, our newsletters database showed that a new huge promotion for HWI Global, Inc. (OTC:HWIC) will hit the market today. Maybe, this could help the share price overcome the $0.20 level, which did not happen on the filing of the latest 10-Q of the company yesterday.
A few minuted after market open yesterday, HWIC financial report for the second quarter of the year appeared in the SEC database. During the session that followed, HWIC share price fell back down to $0.14, and then closed the market at $0.15 with a 18.92% decrease and 153,000 traded shares. On Friday, probably in expectation of the financial results, HWIC had climbed to $0.20, which now remains a hard resistance level.
That might change today, however. Yesterday evening, a stock promoter has covered HWIC in his promotional newsletter, painting a very favorable picture of the company and ignoring completely the latest financial report from yesterday morning mentioned above. The recurring losses, the huge working capital deficit and the going concern statement from the 10-Q are not to be found in the promo mail, for a good reason: the promoter and his affiliates got a $50,000 compensation from a third party to send the HWIC advertisement.
One more announcement tried to draw the attention away from the 10-Q yesterday. A press release from the company announced that HWIC would begin the installation of its proprietary Bio-GardTM Germicidal Wall lamination at West Virginia University’s White Hall Clean Room Laboratories. Thus, the news and the promotion could provide for an interesting session today.