Last Friday afternoon, E-Debit Global Corporation (PINK:WSHE) issued a press release. It didn’t seem to get a significant response trade-wise. Today may be different.
Roughly around 1:00 am EDT today, WSHE released another announcement. On top of that, they have a promotion for today. This combination may help WSHE do better than yesterday, when it gained 7.58% to a $0.0355 close on 480 thousand shares.
Today’s PR concerns Westsphere Systems Inc., one of WSHE’s subsidiaries, specializing in electronic payment processing. The company announced it had started the transition of its network from analog to digital.[BANNER]
A thing that could generate more exposure is the $55 thousand promotion for today. WSHE was promoted with limited success back in March. The third party that paid for the campaign was the same – Open Water Investments, LLC, but this time the compensation is substantially higher than the $9 thousand from March.
Here are some numbers from the most recent 10-Q of the company:
- $0 cash on hand and $468 thousand restricted cash
- $644 thousand total current assets
- $2 million total current liabilities
- $805 thousand revenue
- $229 thousand net loss
With the combination in place, it is possible that WSHE gets more interest from traders today. They should be aware, however, that the previous times the price jumped, it promptly went back down afterwards.
