New lows on their penny stock and new markets for their 1000+ Stain Remover brand have traders thinking its time to place a long bet with Winning Brands Corporation (WNBD). Announcing today that test marketing is to due commence in VietNam next month, speculators are thinking that the -97.11% decline since May 22 of last year could finally see a turn around. Based on what the chatter is this morning after WNBD stock totally bottomed out on heavier than usual volume yesterday, the chance that a couple hundred bucks could turn into a couple thousand bucks over the summer has many thinking it actually could happen.
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WNBD Stock Quote
Market Cap: 61.53K
Last: 0.0013 ▲ +0.0001 (+8.33%)
Dollar Volume: $18,507
1st Resistance Point: 0.0017
1st Support Level: 0.0009
52Wk High: 0.045
52Wk Low: 0.001
The decline of Winning Brands WNBD stock over the last year is 10X worse than the minimal decline in sales the Stain Remover focused company showed for last year. Falling from total revenues of $562,118 for the year ended December 31, 2012 to $308,605 last year, this should not be a determining factor as to why WNBD shares have skidded to 0.001, especially considering how few shares are out in the market.
The announcement today that a trial distribution arrangement has been entered into between the parties in order to implement a B2B business model designed for the sale of 1000+ Stain Remover in VietNam should boost both attention to WNBD and the share price. It’s unlikely that the SouthEast Asian market is going to go head over heals about a stain remover since laundry is traditionally done by hand and viewed as a pass time to eat up some hours during the long days the 3rd world suffers from, but a positive boost of the product line alone should be reason for a bounce on WNBD stock.
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About WNBD Stock
Winning Brands Corporation is a manufacturer of record for advanced environmentally oriented cleaning solutions such as KIND®, 1000+™ Stain Remover, World’s Most Versatile Cleaning Solution™, and others through its subsidiary Niagara Mist Marketing Ltd.
Issued and Outstanding: 47,340,430
Last 5 Trading Sessions:
I wouldn’t bet the farm on WNBD stock, but the chances of it resurrecting from sub penny land is damn sure worth having it on the list of penny stocks of to watch. Considering the float stated in the 2013 annual report, 24,843,157, WNBD could see a huge pop once some attention hits it.