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Sunday, October 15, 2017 1:25:39 PM
Pretty much. Let's look at it.
http://www.otcmarkets.com/financialReportViewer?symbol=WTII&id=176787
The first six months of this year sales were ZERO. No AWGs sold. Not even any bottled water.
Cash on hand was $6062.00
Inventories were a mere $3600. Of course if you don't expect to sell anything, why carry any inventory? WTII carries less inventory than a tiny candy store.
However, Tudor pays himself $160,000.00 per year for doing nothing. He finances this by selling stock through note conversions. In the last few months, 200 million new shares were issued and he has recently raised the authorized shares from 600 million to 2 billion. He obviously plans on selling a whole lot more stock so he can pay himself for accomplishing nothing.
Note conversions are currently set up to convert into common stock at prices as low as .00023 per share (as of the end of June)
This has been going on for years. Nothing has changed. We have seen earthquakes, floods, hurricanes, severe droughts and marijuana farms all hyped by WTII and its promoters but WTII doesn't sells many AWGs, it just sells a lot of stock.
Good luck everyone. If you buy this stock you are likely going to need a lot of it.
Recent WTII News
- Shares of Water Technology Firm Hit Double-Digit Gains on LOI News • AllPennyStocks.com • 02/15/2024 05:30:00 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM