Just got through reading all the previous filings
Post# of 150
Posted On: 11/08/2014 3:28:01 PM
Just got through reading all the previous filings for W Technologies.
One interesting point of fact is the company book value. According to the financials, the shareholders equity (assets) are about $3,363,711.
The most recent filing also states that there are only 63 million shares outstanding.
This would put book value of WTCG at about $0.053 per share.
Interestingly enough, the 200 day moving average is up at $0.058 per share. If one examines the decline over time of the 200 DMA, one will notice that the rate of decline is about two cents per month which is about a half cent per week. The difference between the book value and the 200 DMA is about a half cent, so in about a week it stands to reason that the 200 DMA will meet the book value price level at about $0.053 per share. Perhaps this portends future activity in the stock in the near term, perhaps not.
Interesting to note as well that historic volume has been trading daily over the past week, nearly the entire float on some days. It stands to reason the float consists of all new holders in this stock.
W Technologies has put out a lot of significant news over the past months, not the least of which regarded future official filings with the SEC in order to become fully reporting. Perhaps at some point in the near future this company will become fully reporting and up-list to OTCBB or QX. There was also mention in the announcements of substantial revenue to be recognized, perhaps by the end of the quarter. Such events could skyrocket this stock into multi pennies, especially considering how small is the float and the market cap as it compares to the book assets and potential earnings fundamentals.
Also of note is that AdMedia Group, Inc and SoMo Technologies are wholly owned subsidiaries of W Technologies and there could potentially be substantial revenues coming soon from those subsidiaries based off of their website traffic and client revenue streams.
It appears entirely dubious that the market is valuing the entire W Tech company at a market cap of under $100,000. Even the traditional P/E of 25 placed upon high growth start up companies would mean that the market is only expecting WTCG to earn about $4,000 in the next twelve month period, but this seems rather preposterous. In my opinion, I happen to believe this company could earn more than a paltry $333 per month, and none of that even considers the potential bolt-on growth via acquisitions based upon the substantial $3.3M in assets on the balance sheet from investments. WTCG is a holding company after all.
IMO there could substantial upside to WTCG, maybe even in the very near future.
I guess we will see what happens.
GLTA!
$WTCG
One interesting point of fact is the company book value. According to the financials, the shareholders equity (assets) are about $3,363,711.
The most recent filing also states that there are only 63 million shares outstanding.
This would put book value of WTCG at about $0.053 per share.
Interestingly enough, the 200 day moving average is up at $0.058 per share. If one examines the decline over time of the 200 DMA, one will notice that the rate of decline is about two cents per month which is about a half cent per week. The difference between the book value and the 200 DMA is about a half cent, so in about a week it stands to reason that the 200 DMA will meet the book value price level at about $0.053 per share. Perhaps this portends future activity in the stock in the near term, perhaps not.
Interesting to note as well that historic volume has been trading daily over the past week, nearly the entire float on some days. It stands to reason the float consists of all new holders in this stock.
W Technologies has put out a lot of significant news over the past months, not the least of which regarded future official filings with the SEC in order to become fully reporting. Perhaps at some point in the near future this company will become fully reporting and up-list to OTCBB or QX. There was also mention in the announcements of substantial revenue to be recognized, perhaps by the end of the quarter. Such events could skyrocket this stock into multi pennies, especially considering how small is the float and the market cap as it compares to the book assets and potential earnings fundamentals.
Also of note is that AdMedia Group, Inc and SoMo Technologies are wholly owned subsidiaries of W Technologies and there could potentially be substantial revenues coming soon from those subsidiaries based off of their website traffic and client revenue streams.
It appears entirely dubious that the market is valuing the entire W Tech company at a market cap of under $100,000. Even the traditional P/E of 25 placed upon high growth start up companies would mean that the market is only expecting WTCG to earn about $4,000 in the next twelve month period, but this seems rather preposterous. In my opinion, I happen to believe this company could earn more than a paltry $333 per month, and none of that even considers the potential bolt-on growth via acquisitions based upon the substantial $3.3M in assets on the balance sheet from investments. WTCG is a holding company after all.
IMO there could substantial upside to WTCG, maybe even in the very near future.
I guess we will see what happens.
GLTA!
$WTCG
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