If you are looking to throw caution to the wind on Friday, perhaps jumping into the penny stock of WQN Inc. (WQNI) with both feet will be the riskiest move you could make. Late more than 6 months in their current filings, not having updated their Facebook page since May, 2012, and both the Company and their supposed product, Rated Safe, both not having a “live” website, WQNI is on the hunt for dumb money. While there are a ton of things that say “just don’t do it man” when it comes to even considering a trade in this illiquid stop-sign issued play, the President of Rated Safe is easily one of the hottest women in business despite no nipple-slip in her interviews.
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WQNI Stock Quote
Market Cap: 1.24M
Last: 0.056 ▲ +0.006 (+12.00%)
Volume: 55,000
Dollar Volume: $2,774
Open: 0.05
High: 0.056
Low: 0.05
Trades: 6
Authorized: 50,000,000
Issued and Outstanding: 22,065,370
Avg Volume: 34,350
1st Support Level: 0.0467
2nd Support Level: 0.0433
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The major issues with WQN are 7-fold: 1) WQNI is illiquid, 2) WQN is not reporting anymore so who knows how many shares are really out there, 3) looking at a 2 year chart — WQNI is pathetic, 4) the company website is dead, 5) Rated Safe’s website is dead, 6) Rated Safe’s Facebook hasn’t even been updated in nearly a year, 7) it’s Friday you bastards.
At least, when Rated Safe was actively pursuing attention when the Android Apps were the hottest thing since sliced bread, the Company made it a point to get someone more than eye-catching to sell their idea to the public:
Even I am a bit “moist in the middle” after seeing Teresa. However, that doesn’t change the fact that WQN hasn’t filed any financial updates and the last one report $0 sale for the year ended December 31, 2011 compared to $72,385 for the year ended December 31, 2010. Based on a tiny bit of knowledge as to how to trade penny stocks, WQNI isn’t passing the quality assurance test to be Rated Safe for anything more than some fee incurring bag holding tomorrow.
About WQNI Stock
WQN, Inc., at one time, marketed and distributed mobile applications that enable parents to monitor their children’s mobile phone activities.
Click here to view the lack of financial filings for WQNI on OTCMarkets.
Click here to view the website for WQN, here for Rated Safe.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 04/18/13 | 0.0560 | +0.0060 | +12.00% | 55,000 |
| 04/17/13 | 0.0500 | unch | unch | 39,000 |
| 04/15/13 | 0.0500 | +0.0090 | +21.95% | 27,000 |
| 04/12/13 | 0.0410 | +0.0010 | +2.50% | 68,900 |
| 04/11/13 | 0.0400 | +0.0100 | +33.33% | 35,000 |
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Bottom Line:
Bells are ringing everywhere to alarm why staying away from WQNI is the best way to trade the penny stock. Sure, WQNI could see an abundance of volume and the Level 2 could be so thin that it could actually bring in gains worth some decent double digits in the early portion of the session, but it’s Friday and if working that hard by risking $1,000 to possibly make $300 has come to that, perhaps grabbing a pole at a strip club is the future — or maybe the reward.
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