The 215.56% rise on 3.5 million shares had the stock close at $0.071. This performance could be a response to an 8-K filing and a press release from last Friday, although the price didn’t seem to react positively to the previous recent announcements. Even this paid promotion from March couldn’t do much for WSHE.
The company seems to have some problems providing financial reports these days, as a Cease Trade Order from the BCSC suggests. In a PR from Jan. 11, WSHE announced it had requested a hearing to appeal the order; the company hasn’t released further information on the matter since.
As for the OTC, for the time being the latest financial report available is the 10-Q for the period ended September 30, 2010. WSHE has filed a late filing notification for its 10-K. From the available 8-K filings, it is apparent that the company has issued approximately 11 million more shares at some point in January.
The last time WSHE was traded on such a big volume the price didn’t manage to keep its level. With the current lack of financial details, it is not certain what will happen next.
