Blue Water Petroleum Corp (BWPC)

[livingston78]

Blue Water Petroleum Corp. has recent financial statements.Here are the result for April 30, 2014: NO revenue, $1k in current assets, $426k in total assets and $1,329m in current liabilities for a current ratio of 0,0007 that makes this one completely insolvent in any ways! Liabilities keep increasing while the cash is decreasing, this one is going nowhere except in bankruptcy. If you take a look at the chart, you will see that some people have been front loading in the past days and are ready to unload worthless shares on unaware investors. The price of $0,74 a share is way overvalued. Note also that this one is thinly traded.