Tuesday, April 19, 2016 10:14:05 AM
Update. Since I first looked at the stock on march 10th 2016 it has gone from 30 cents per share and traded yesterday as high as $7.99 but closed at $5.60 cents.
That means the value of the company has gone from $8.5 million on march 10th to $159.6 million and Fabio Galdi on paper is now worth over $130 million having made over $120 million since march 10th.
As I stated in my previous post this guy will be a billionaire if the company has he goods. There is still a lot of questions surrounding the company that just does not smell right.
For example according to Direct Selling news WGN ranks number 77 in the list of top 100 direct selling companies with sales of 157 million in a year.
directsellingnews.com/index.php/view/2016_dsn_global_100_list#.VxYm9DArLIW
The only thing is that World Media Tech the public company reported sales of less than $1 million in the quarter ending September 30th 2015.
So the question is unless they did the $150 million in sales in the December 30th Quarter which has not yet been reported to the SEC and should not be public before a general press release and filings I do not know where this information is coming from.
Fabio commented on this as seen in here, seeming to accept this $157 million revenue number.
businessforhome.org/2016/04/world-advances-to-no-77-on-dsn-2016-global-100-list/
Something does not add up here or I may have it wrong. Is this stock being manipulated or is there real value here? Time will tell.
Any comments Mr Czech?
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