{"id":3157,"date":"2013-11-12T15:13:04","date_gmt":"2013-11-12T15:13:04","guid":{"rendered":"\/?p=3157"},"modified":"2013-11-12T15:13:17","modified_gmt":"2013-11-12T15:13:17","slug":"alkaline-water-co-inc-otcbbwter-slides-below-50-cents","status":"publish","type":"post","link":"\/articles\/alkaline-water-co-inc-otcbbwter-slides-below-50-cents\/","title":{"rendered":"Alkaline Water Co., Inc. (OTCBB:WTER) Slides Below 50 Cents"},"content":{"rendered":"

For the past few weeks, the Alkaline Water Co., Inc. (OTCBB:WTER<\/a>) was safely above the 50-cent levels, but more active selling on Monday depressed the ticker further. WTER<\/a> slid down more than 10% to 45 cents, on dollar volumes above $668,000. The slide came after news that finally the company placed some of the new convertible Series B shares it had promised in a recent press release. \"WTER1112.png\" <\/p>\n

Along with this, WTER<\/a> issued three types of convertible shares, A, B and C, with different conversion prices. The B series converts the lowest, at 43 cents, and the rest at 55 cents- an encouraging sign, given that penny stock companies tent to issue toxic instruments that guarantee to convert at a faction of the market price. In the case of WTER<\/a>, it will take a while to see the effect of the financing, yet the warrants mean that the holders would have an interest in boosting the stock price through good governance.\"NVGC1112.png\"<\/p>\n

In the case of WTER<\/a>, the new year will be a deciding factor, as this is the period when the new production should materialize, and sales should pick up. While WTER<\/a> announced it was included in the distribution chain of many suppliers big and small, this was only to create a temporary boost for the shares.<\/p>\n

The light at the end of the tunnel for WTER<\/a> is that despite the $3.5 million promotion, the fallout stalled with just 50% losses, for now. But if the company keeps testing the patience of investors, the new low price may not be the bottom.<\/p>\n

The WTER<\/a> message is being reposted on investors’ forums every day, mainly touting the benefits of alkaline water. This product is usually a high-end offering, and WTER<\/a> has entered the market with bigger packaging and a much lower price.<\/p>\n

Now, WTER<\/a> will have a week leading up to the 10Q posting, announced for November 14th. Investors’ opinions stil\"TQLA1112.png\"l hold that WTER<\/a> will not last, and will slide further after showing no progress on its financial report.<\/p>\n

If you want to ride a company that is breaking out now, you may try the Nevada Gold Corp. (OTCBB:NVGC<\/a>), which reached 32 cents on accelerated buying.<\/p>\n

But if you want to see the other side of the coin, Montalvo Spirits, Inc. (OTCBB:TQLA<\/a>) is the sad example. The ticker held out the 30-cent levels for a while, and even gave hopes of recovery, but in the past week accelerated the slide to 25 cents. TQLA<\/a> is a company of relative quality on the penny stock markets, yet its shares were also disproportionately inflated by a wide promotional campaign.<\/p>\n

If you still see buying opportunity, it is best to be aware of all the red flags around WTER<\/a>, and invest accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the past few weeks, the Alkaline Water Co., Inc. (OTCBB:WTER) was safely above the 50-cent levels, but more active selling on Monday depressed the ticker further. WTER slid down more than 10% to...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1112,783,916],"class_list":["post-3157","post","type-post","status-publish","format-standard","hentry","category-news","tag-nvgc","tag-tqla","tag-wter"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3157"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3157\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}