volume exceeded 5.5 million shares.According to the records, WDRP started to gain last Wednesday. However, it seems that it wasn’t enough for Wandersport and the company decided to re-ensure its market position. On Friday, the stock was promoted six times, the high trade continued and the compensations for the promoters remained unknown.
Meanwhile, the gain has begun at quite strange circumstances, as Wandersport hasn’t released any news about its activities over the last couple of weeks. The last announcement came up on Oct 28, when the company confirmed the signing of a definitive agreement with Design 1st Inc. for the pre-production of its microwave energy tank-less water heater.[BANNER]
Having reported the news, Wandersport stock started to gain at full speed, though the up move was broken a few days later.
Wanderport Corporation is a holding company and invests in environmentally friendly “Green” technologies that reduce water and energy consumption, as well as the global dependence on oil. According to its poor quarterly report, the company has more liabilities than total assets and no generated revenues.
Based on these results, WDRP has sufficient cash resources neither to pay the liabilities, nor to cover the expenses. Thus, the company is dependent on completing its project, and obviously on promoting its stock.
