Prior to February of this year, the penny stock of World Assurance Group, Inc. (PINK: WDAS) didn’t really have much going for it except a couple pieces of undeveloped land. They literally had no cash or revenues for the years ended December 31, 2012 and 2011. Now that they are focused on developing their “paid for spam” type messaging service through their acquisition of Cellad, WDAS stock could see itself running with the bulls today.
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WDAS Stock Quote
Market Cap: 2.97M
Issued and Outstanding: 66,526,018
14-Day Rel Strength: 40.01%
14-Day Stochastic: 40.00%
1st Resistance Point: 0.0127
2nd Resistance Point: 0.0133
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World Assurance Group acquired Cellad in February in exchange for a 80 shares of WDAS’s Series B Convertible Preferred Stock. The way CellAd is designed to work is, once installed, each time a subscriber receives an inbound call or text message, Cellad will pay the subscriber a fee in the form of cash or other agreed medium. How ingenious is that?
While the Ireland market may not be so inclined to go installing an app that sends full screen adverts, coupons and click-through offers each time a message or call comes in, traders might be able to see a nice inbound gain of of WDAS today if the open doesn’t gap to high to discourage an outbound order for the penny stock. Volume has been considerable low on the pinksheeter for weeks, but with 0.09 having been reached already this year, a chance for a cool 2X could be in the cards before lunchtime this hump-day.
About WDAS Stock
World Assurance Group, Inc. is a a holding company that, as of February, 2013, is primarily focused on developing Cellad, a mobile digital media company that allows advertisers and brands to deliver high definition, full screen adverts, coupons and click-through offers to subscribers every time the subscriber receives an inbound call or text message.
Click here to view the financial filings for WDAS on OTCMarkets.
Click here to view the website for World Assurance Group.
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WDAS has very little going for it mid- to short-term, but could be a half-decent penny stock to flip today. The chances of seeing 0.09 again are slim, but with a decent pop and little to no competition in the under-0.05 promoted profiles, WDAS stock is worth a look pre-market.
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