After a huge price fall last week, World Health Energy Holdings, Inc. (PINK:WHEN) got back on track. Yesterday, the stock 
soared 9.09% on the market, while its traded volume reached 1.7 million shares.
The reason for the massive trade is crystal clear – promotions. To be precise, the first one dates from Aug 11, however, the campaign couldn’t support WHEN stock price at all. On the contrary, despite the positive alerts, WHEN kept falling down until last Friday.
Then, yesterday, the stock got promoted again by a couple of websites, spreading out volume alerts on WHEN. Looks like the promotions with huge compensations finally worked out and the company hit the gain. However, considering the fact that WHEN has not released any news on its activities recently, it is not certain how long the climb will resist.[BANNER]
In fact, it was just yesterday when the company filed a notification of late filing with the SEC. It was related to the 10-Q report of WHEN for the period ended June 30 this year, which is not ready yet. This means that investors should keep waiting for the company’s financial results to consider their investments.
Meanwhile, according to the quarterly report for the period ended March 31, 2011, WHEN has an impressive portion of assets on its balance sheet. At the same time, both its cash and revenues total $nil, and WHEN has long-term liabilities to cover. Besides, its deficit accumulated during the development stage period is approximately $25 million.
Based on its financials, WHEN still operates under a going concern status, depending upon the company’s ability to generate sufficient cash flows, or obtain additional sources of capital and financing.
