Blowing hard on day one, the Xtremepicks penny stock alert on WindPower Innovations, Inc. (PINK: WPNV) is holding up enough steam to power a small paper boat across a puddle of infected tadpoles this morning. With news of 100,000 kWh having been generated by the Company’s 85 kW wind turbine, perhaps the acquisition of RIG Construction from April which has the Company branching out into markets serving the commercial and residential pool industry could help keep WPNV stock afloat before they switch to another ticker – AGAIN!
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WPNV Stock Quote
Market Cap: 828.80K
Last: 0.0201 ▲ 0.007 (53.44%)
Issued and Outstanding: 61,387,354
14-Day Rel Strength: 52.25%
14-Day Stochastic: 55.74%
1st Resistance Point: 0.0274
1st Support Level: 0.0129
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Last week’s news about WinPower Innovations’ wind turbine being ready for the market after reaching its milestone can only help those who believe in chances WPNV stock might have. In April, the Company acquired RIG Construction, Inc. which, for the year ended December 31, 2012, had gross revenues of $4.76M which is a huge bonus considering they clean swimming pools. The gross profit of $765K off of gross revenues of $1.6M for the three months ended March 31, 2013 is not something that can really be overlooked.
However, what’s puzzling is that, as of March 31, 2013, WindPower Innovations had just lint for cash, $0, and the same for their accounts receivable. Inventory was reported to be $1,000 which left at least some meat on the bone, even though its a mere nibble, for those judging WPNV stock by its financial statements. But, since John E. Myers, Chairman, President and Chief Executive Officer, and Carole S. Myers, Secretary, each own 12,500,000 shares, 40.70% of the float, why can’t WPNV see a surge past .03 and towards .05?
They did book $1,000 in revenues last quarter!
About WPNV Stock
WindPower Innovations, Inc. is an acquirer and operator of fundamentally sound, renewable and sustainable green technology companies or companies that benefit from “going green” that are market accepted, scalable and demonstrate a quantifiable value proposition.
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The creators of the “email out 5 times a day on a penny stock alert”, Xtremepicks, is dug in deep on WPNV as a make or break pick for them heading into summer. With a cornucopia of picks having fallen by the wayside with their continued efforts of making sure traders know about it 3 times a day, WPNV is well worth watching for a dip tomorrow for those looking to take a dip in the “RIG”ged pool.
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