Alternus Energy Inc. (fka ALTND)

[TanMan7272]

I know this is from last week. but wasn't this good news?
Why is this stock going the wrong way. I wish my other companies were reporting profits. Or am I reading this wrong?

WDAS Reports $7.4 Million Licensing Revenue for the First Half of 2014 and Prepares for Dividend Payment
7 days 30 minutes ago - DJNF

NEW YORK--(BUSINESS WIRE)--July 24, 2014--
World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has filed unaudited results for the three and six months ended June 30, 2014, via the OTC Markets Disclosure & News Service.

Key results of the unaudited financials for the half year ending June 30, 2014 include:
WDAS For the six months ended

June 30, June 30,

2014 2013

--------------- -------------

Revenues $ 7,436,965 $ -

Net Profit $ 6,719,411 $(188,701 )

Total Assets $ 7,048,242 $ -


WDAS is preparing for the Q2'14 dividend of 5 cent per share to all shareholders of record as of the close of business June 30, 2014. The dividend is due for payment August 20, 2014.

Full details of the Company's filings are accessible at http://www.otcmarkets.com/stock/WDAS/filings.

Mr. Fabio Galdi, CEO, WDAS, said, "This quarter was another strong quarter for WDAS. Our sustained financial performance enables us to break new ground in OTC markets - by paying a dividend!

Our strong financial position allows us to continue our share buy back program and to invest in our research and product development activities, which underpins and drives our licensing activity and growth.

We are well placed to deliver on our technologies in development and anticipate sustained growth from our existing, proven revenue generating products and services and from our new, unique emerging technologies."