WPCS International Incorporated (NASDAQ:WPCS) demonstrated an increase in its popularity after the firm was selected by Meskwaki Nation for a wind energy project. The news could have been further spiced up by the Red Chip Companies running the PR conferences for WPCS.
Meskwaki Nation of somewhat 1300 people, located in Tama, Iowa, wants to build a wind farm and thus need to evaluate the meteorological conditions for such a project. WPCS International will be setting up meteorological towers, collecting data, providing reports and also running maintenance services.
This is just one of the many recently disclosed by WPCS projects to make the stock look attractive. But even though this might hold the necessary potential, the company also holds a lot of uncertainty, one of the things being a recently going on private proposal.[BANNER]
In such a case, using the services of promoters like the Red Chip Companies might actually serve the investors. For the redchip.com services the company is paying $2500 per conference, as disclosed through stockpromoters.com. These conference calls are meant to bring together the management and potential investors for a 25 minute question-answer showoff. Red Chip also distributes the related press releases.
Bear in mind that the price is already high on the going public proposal from Riley Investments, LLC and Lloyd I. Miller, which have offered an acquisition price of $3.50 per share. The company had previously announced $12 million in new contracts and some debates rose whether the suggested price is not too low.
The company is profitable and has been growing revenues over the past few quarters, but recorded a slight setback in the most recent period.
