Today, Wanderport Corp. (PINK:WDRP) will have the back up of a promoter who started sending out newsletters to various investors yesterday, after the trading hours. In addition, just recently the company issued a press release about a third patent for its microwave energy thankless water heater.
As to the started promotion, it was initiated by Buzz Stocks, who said the campaign would last two days and cost $5,000. The sponsor of the campaign was IAB Media Inc, who is a consistent promoter in the field of small cap stocks. Hotstocked indicates that the total amount of money spent on promotions by IAB media is more than $250 thousand.
On Tuesday, WDRP announced the filing of a third patent for its product. According to the words of the company, the patent application would contribute to “increased shareholder value.” However, the market didn’t respond with enthusiasm to the news on that day and the trade remained less active that usual.
Yesterday, WDRP attracted even less investors into the trade. Only 130 thousand shares changed hands on an average daily volume of 1.6 million. The share price went up by 0.85%, which additionally underlines the vapid trade of WDRP.
Nevertheless, today the stock will trade under the effect of the started promotion and thus can generate more intensive activity. The promotion can also cause WDRP to break out of its current level for a short while.