7WMNS-logo.pngIt is not that things are not happening for Westmont Resource Inc.(PINK:WMNS), it is just the question of how some things are happening. On the stock market – it is easy, though not always objective. Trying to assess the company potential for the near future is, however, quite a difficult task.
First and most important – traders should settle on the time frame when investing in Westmont. On one hand, there is a noticeable decline in the stock price, which has been going on for quite some time now. On the other, sharp price jumps happen on a regular basis, which is no doubt a lucrative opportunity for the skilled investor. This week is a typical example for such an opportunity. WMNS-13.04.11.png
More than one million shares traded yesterday, the session closing at $0.13 per share. Monday opened at $0.09, April started with $0.06, which is a more than 100% for the last two weeks. As usual, there is news, as well as promotions to fuel the trading frenzy – positive news and superb promotional newsletters. Yet, there is a piece missing.
Yesterday, the promotions hit mailboxes and as usually money was paid for spreading the word about the possibly profitable investment in Westmont based on its technologies. The latter is actually close to the news released on Monday. Both, however, fail to mention the way to achieve all goal set forth, at least the financial means which should be present. They are not. In fact, people who take an interest in the current financial condition of the company have to go six months  back, since the last quarterly statement covers a period with an end date Nov. 30th. [BANNER]
In terms, the last quarterly statement includes figures, which could hardly inspire confidence and which are unaudited as usual. One of them is the $20 in cash, also being the total current assets of the company. There are other figures, which are even more interesting, but they just provide further uncertainty as to what the future of Westmont would be.
Now, if the company secures financing and indeed achieves some of its goals, there might be profits of more than 100% for shareholders. The best sign for this, however, is a good-looking SEC filing. A document, which is still missing, which in turn services the purposes of speculative investors mostly.