lowtrade

[lowtrade]

This one has gotten long.


Ok readers I Have to do this post. Because I just checked WNTR's news storyline. It's not really about WNTR, it's mainly about the OTC game. After my years studying OTC stocks. I've found many things which seem to reoccur with every scam. Not all OTC games are by scam outfits, Many are honest companies having to get in bed with the devil for funding.

There are 2 kinds of scam outfits. One is pump & dump and the other draws blood, gives the victim time to build back blood and sucks away again. This post is not about pump & dumps, but the blood sucker variety. Their charts run/retrace large and become swing trader havens, along with an AX M&M. Suckering the retail herd believers along the way.

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

The scams don't change their name to reflect what business they are in, when they reverse merger, to become publicly traded. Means they don't want to spend the cash. If there isn't a name change in 6 months to a year, especially if they had 1 funding run (cash to do so). The only reason they are there is to fleece the public.

Another thing is swing trading scams never stop PRing. There's always another page to their story. And as volume interest wanes, you'll see company direction change. New story lines formed, before the old ones are finished. The old, look at this hand, forget what I did with the other.

Till finally they have to resort to Partnerships, sub penny dividends, funding guaranteed announcements; without whom or terms being released, and the like. Things other then business goals being reached or past promises being attained. Just implied progress that can't be verified, usually. Many offshore deals pop up during this phase of PR half truth bull. In order to keep the herd around.

I say half truth because a smart game player always covers their SEC ass. Example: If they report a funding deal in the works, they will have contacted someone and have paper work backing the attempt, they said was in the bag. Or their forming a partnership with a company in south America. (off shore anywhere) They will have contacted a company and have papers backing the contact. While the PR says something like; we have a LOI (letter of intent) to buy 25% of XYZ company, already in operation in south America. Usually not even mention the country. (LOI's mean SQUAT !!!!!!)

This shit happens all the time. I call it smoke and mirrors PRing. Progress implied, but unverifiable and never followed up on.
----------------------------------------------



Now for some WNTR news; LOL

Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR), a company focused on making investments to diversify its business operations and holdings. Why no name change reflecting it's a 6719 - Holding companies?

Portfolio Information
http://www.otcmarkets.com/stock/WNTR/news/Worldwide-Updates-Portfolio-Information?id=82709&b=y
I tried to check several of these and could NOT verify one ownership interest.

How about in the same PR;

The asset portfolio is currently valued at $31 million dollars as of March 31, 2014. But they have a $4 mil market cap? Only because they have over a bil OS. Sell some chit. LOL

The company has a $30,000,000 firm commitment from an investment banking firm that has been a member of the NYSE since 1925. The funds are to be allocated for additional acquisitions to enhance the current portfolio and increase the company assets, revenues and cash flow. When, with who, deal previsions? Really? $150k rev's $141k cost = $9k cash. This is going to back a $30 mil loan ???? LOL No bank in this world, EVER !!

How about their divvy hype;
WORLDWIDE ISSUES DIVIDEND
The company formed GCHI Green Company Holdings, Inc. (“GCHI”) in New Brunswick, Canada and transferred to GCHI, its 100% interest in Green Company Holdings, Inc. a Colorado corporation, 50% interest in Pamlico Energy, 20% interest in Greener Wind Solutions, Inc, 10 % interest in Hemp MarketWatch, 5% interest in E3 Services and Solutions and its marketing agreements with Singlepoint and Responsibill.
GCHI intends to list the shares for trading on the Canadian Securities Exchange (“CSX”) in the fourth quarter of this year.

By the way, this removes the other above PR's assets from WNTR. LOL Shell shifting. They don't sell $30 mil of intangible paper assets, they share shift them.

You now have 1 share for every 100 shares of WNTR which can't be traded and has no value. The value of WNTR falls proportionately to assets transferred. LOL

But they did follow up on their story line change about a divvy June 27th when volume interest was as low as it's been for months. In a complete storyline change from business to FREE shares. In an to attempt to draw retail herd interest back. Pennyland loves Free shares.


There's more. Enough though.

IMO can you say scam??? This post gives just some of the scam signals I've posted about over the years. Worth remembering.