Well Power Inc. (fka WPWR)

[humbleboss]

Kbm Worldwide, Inc New Position in Well Power, Inc

Kbm Worldwide, Inc has filled a SC 13G form regarding Well Power, Inc 0.0000 0.00 %. Filing Link: 000114420415037404. Per Kbm Worldwide, Inc’s filing, the filler now owns 9.99% of the company, holding 11,757,802 shares.

Well Power, Inc is a newly disclosed equity position and the filing was required due to activity on June 12, 2015. This most probably shows Kbm Worldwide, Inc’s confidence and optimism in the future of the company.


Company Profile

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.