jumping up and down unpredictably and it is interesting where it will go this time.Last week, the company opened a promotional campaign accompanied by positive news, hoping to start the gain. Though, the promotions didn’t influence the stock price much and WBSI took the way down shortly. Now, WebSafety fuels up the campaign and the promotions continue.
As already reported on hotstocked.com, the first promotional series were worth $130.000, however, it looks like the compensation was not enough to pump up WBSI stock, so the campaign continued. According to the records, WBSI has been promoted 14 times by now and the whole campaign cost $165.000. The promotional alerts featured the positive news about WebSafety, pointing out its recently received strong buy rating from BarChart.com. Again, the paying party for the campaign was Stock Appeal LLC, who placed $15.000 on the last stock promotion.
Will WBSI jump up this time or will it need more money for more promotions? It is just about to be seen. Meanwhile, the optimistic news about the company’s operations are on, while the price change points zero.[BANNER]
As of September 30, 2010, WebSafety has more assets than liabilities on its balance sheet, however, the accumulated deficit exceeds $5.4 million. Besides, the stockholders’ equity has decreased as compared to the previous year and the company’s net loss has almost doubled.
Considering these results, the management of WBSI stated that if they don’t find additional financing on acceptable terms, they may not be able to execute their business plan and the shareholders may lose substantially all of their investment. In that case, the only thing left for WebSafety is to rely on more promotions and optimistic news to bring a profit.
