The aggressive PR campaign behind the penny stock of Worldwide Internet Inc. (WNTR) is due to see their efforts begin to pay off as the 0.01 stock dividend for their newly created Green Company Holdings, Inc. quickly begins to approach. With two weeks left before WNTR stock shareholders of record are due to receive shares in a comprehensive group of qualified small cap public companies in the hemp and medical marijuana sectors, an increase in volume activity is sure to help the depressed shares see some nice rips as it pretends to test copperland. After Friday’s late afternoon update on the holdings the net income reporting pinksheeter has within its portfolio, an ascent up to the top 20 traded OTC stocks before the end of the week is a bet many traders are likely to gamble on.
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WNTR Stock Quote
Market Cap: 5.30M
Last: 0.0043 ▲ +0.0003 (+7.50%)
Dollar Volume: $83,796
14-Day RSI: 40.07%
1st Resistance Point: 0.0048
1st Support Level: 0.0037
52Wk High: 0.20
52Wk Low: 0.0014
Back on May 21, Worldwide Internet announced that the company had received a $10 million funding commitment which was due to be completed by the end of this month which would be the catalyst to help list the Green Company Holdings, Inc. in Q3, 2014 of which shareholders of record as of June 30, 2014 are due to receive a $0.01 stock dividend in. When the news was announced, WNTR shares spiked to 0.099 but failed to hold onto the momentum as the share price began to decline to as low as 0.035 last week.
On Friday, Frank Kristan, President of Worldwide Internet, made it known to all exactly what holdings the Company has within its portfolio along with mentioning not a $10 million commitment, but rather a $30 million from an investment banking firm that has been a member of the NYSE since 1925. Although the event failed to trigger much more attention than any other typical trading session from last week, the snippet about the Company not intending to reverse split WNTR shares at this time did provided a sigh of relief to some who have invested heavily during the past few weeks in order to grab as many shares of the Green Fund as they can.
What’s interesting to many is that Worldwide Internet had net income of $66,263 and net cash used in operating activities of $5,197 for the three months ended March 31, 2014 which indicates that they have the ability to walk the walk that they are talking. One thing for certain is that when PR gets issued this week about what’s happening behind the WNTR curtain, traders will be looking towards July 1 for the dumping out day once they’re locked in to get their free Green Fund.
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About WNTR Stock
Worldwide Internet, Inc. is a development stage company focused on making acquisitions of business operations and investments to create a diversified holding company.
Issued and Outstanding: 1,231,909,290
Last 5 Trading Sessions:
The next two weeks should be building sessions for WNTR as volume starts to creep up towards 40 million and trading activity increases, sending it up the top 20 penny stocks traded list. With shares of WNTR as depressed as they are, those who failed to jump on the Green Fund train when the news came out look to have the first class option to get shares at a massive discount compared to those who got in too early.