W2 Energy
- Thread starter Wiley One
- Start date
30
This is a tough one.
There is some talk on the internet about this whole company being a scam. I don't believe that it is necessarily, but companies who are into this sort of stuff are usually R&D companies that rely on investers continually coming on until they actually have something they can bring to market effectively.
My guess is, they're out of money for the time being. Don't be surprised if the employees aren't getting their paycheques either.
There is some talk on the internet about this whole company being a scam. I don't believe that it is necessarily, but companies who are into this sort of stuff are usually R&D companies that rely on investers continually coming on until they actually have something they can bring to market effectively.
My guess is, they're out of money for the time being. Don't be surprised if the employees aren't getting their paycheques either.
2
Saw some news reports saying the company did a reverse split with their shares in Sept. 2011 and that doesn't sound like good news when you look up what a reverse split is:
Reverse Stock Split Definition | Investopedia
...considering their stock appears to only be worth $0.0125 about an hour ago so I'm guessing that strategy didn't pay off.
More telling, looking at their financials:
WTWO — Quarterly Report
This company is up the Speed River without a paddle.
Have a look at their payables vs their assets and receivables. No wonder they tried to make the stock look more attractive. They're in a big hole and the only people buying the stocks are penny speculators.
I think the next step might either be bankruptcy or they
make themselves a buyout target. These folks clearly have no money per their financials so that explains why.
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