Prepare yourself to be educated if you have selected if you have selected New Wave Holdings, Inc. (OTC PINK: NWAV) as one of the best penny stocks to buy after yesterday’s unusual volume session. Shares of NWAV stock saw $175,941 in volume trade, more than 3X the stated public float, when rumors of a VGTL-like run were about to start and news surfaced mid session about the Company’s SchoolFuel™ launch. With direct connections to Mike The Pike Productions, Inc. (MIKP) and having formerly been a Brian Kistler company with ADCS, a cautious approach to what could be an expensive learning curve is suggested.
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New Wave Holdings has been gearing up for the launch of the company’s inaugural program, SchoolFuel which is due to feature a mobile app companion and integrate with popular services like Apple Pay according to previous press releases. The plan to build a “socially conscious” business model by having an interim CEO whose history in the prepaid card industry laid down the platform for the “SchoolFuel™ program” and provide a chance for NWAV shares to be reborn from their previous lives.
Prior to yesterday’s intense volume trading, NWAV stock had a relatively large session just over a weeks ago when $52,594, 80,913,400 shares, traded between 0.0005 and 0.008. To find an opportunity lower than the 0.0005 level, you’d have to go back to before the reverse split to be able to get 0.0001 price adjusted shares (source: www.DDAmanda.com).
Mid session, news surfaced from New Wave Holdings that the company received an LOI from a leading provider of financial, mobile and payment technology solutions to move forward as the Program Manager for SchoolFuel. By the time the news was out, over 100 million shares of NWAV stock had already traded with one trade for 50 million shares being the bulk of that.
Interestingly within the press release, CEO Mark Newbauer states how “We are thankful for the understanding and patience shown by our long-term shareholder base as the most exciting times are yet to come,” and also mentions that “The Company will also upload its Q2 reports to OTC Markets by end of week.” This upload will be of great importance since of the most recent, the three months ended March 31, 2015, states that, of the 92,183,464 shares of NWAV stock issued and outstanding, 31,066,164 is the public float – an amount which volume has exceeded twice now in the past two weeks and three times in early December, 2014. (source: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=138876)
Figures other than the complete lack of assets besides the $9,050 in fixtures and real estate (furniture and computers for newbies) and blank space in the revenue column are NOTE 3 & 4 listed below the wide open income statement for the period:
NOTE 3 – STOCKHOLDERS’ EQUITY
The company’s capitalization is:985,000,000 Common Shares with a par value of $.001 per share;
5,000,000 Preferred Class A shares with a par value of $.001 per share;
5,000,000 Preferred Class B shares with a par value of $.001 per share;
5,000,000 Preferred Class C shares with a par value of $.001 per share;
NOTE 4 – LONG-TERM DEBT
As of March 31, 2015, the Company had long-term debt of $1,192,780 for Notes payable to private lenders as well as previous consulting services rendered. Interest for the three months ended March 31, 2015 of $17,188 was calculated on demand notes of $275,000 at the rate of 25%. As of March 31, 2014, the company had long-term debt of $962,944 for notes payable to private lenders and for past consulting services rendered.
The reason these two “NOTE” items are of significance is that Mike the Pike Productions, Inc. (MIKP), controlled by Mark B. Newbauer, the Chairman and newly appointed CEO of New Wave Holdings, is the beneficial owner of 2,950,000 shares of NWAV stock, 110,000 of the Preferred Calls A shares, and all 5,000,000 of the Preferred Class C shares. Ask the guys who held on too long with MIKP stock about that learning experience.
The second “NOTE” shows how debt from when Brian Kistler was running Advanced Content Services, Inc. (ADCS). Had the 1 for 200 split reverse split n December not taken place, there would not have been any way for those “debts” to get converted for dumping since 4,956,653,681 of the 5,000,000,000 authorized were already out there..
The updates, which have been trickling in over the course of the year, are in a benevolent manner to bring attention to their SchoolFuel reloadable debit card which uses a patent-pending process to effect donations for schools, churches and universities. Unless you would like to donate some of your investment portfolio to the powers controlling NWAV stock, trade with your thinking cap on and flip rather than long what could result in a failed attempt to bag an elephant.
Find out more about NWAV shares here: $NWAV
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