{"id":4259,"date":"2014-03-31T16:11:32","date_gmt":"2014-03-31T16:11:32","guid":{"rendered":"\/?p=4259"},"modified":"2014-03-31T16:11:37","modified_gmt":"2014-03-31T16:11:37","slug":"well-power-inc-otcbbwpwr-sinks-further-down","status":"publish","type":"post","link":"\/articles\/well-power-inc-otcbbwpwr-sinks-further-down\/","title":{"rendered":"Well Power Inc (OTCBB:WPWR) Sinks Further Down"},"content":{"rendered":"

\"0WPWR.png\"About an hour and a half before March 17’s opening bell, Stock Tips sent us an email with which they said that Well Power Inc (OTCBB:WPWR<\/a>) is “flirting with 0.80<\/em>“. They also said that they expected the coming week to “dwarf<\/em>” the one before it. That didn’t happen. <\/p>\n

WPWR<\/a> registered five consecutive red sessions and the price dropped from around $0.76 to $0.55 per share. On March 24, they alerted investors about the ticker once again and claimed that it could be in for “a huge week<\/em>“. Unfortunately, they were wrong again. Out of the five sessions that followed, only one ended in the green and WPWR<\/a> closed last week’s trading at just $0.30 per share. Today seems to be a bit more positive and about an hour after the opening bell it’s hovering just above Friday’s close. Even so, if it fails to make any sort of consistent run in the right direction, it’s going to have some serious problems attracting investors. So, is it capable of recovering?<\/p>\n

\"78TGRO.png\"Only time will tell, but we should note that there could be a few problems. For one, the $4.1 million pump seems to be over now. We haven’t received any emails from Stock Tips for a week and it’s clear that WPWR<\/a> isn’t too keen on performing without their help.<\/p>\n

Speaking of Stock Tips, their previous picks weren’t exactly the most consistent runners once the pumps for them stopped. The charts on the right belong to Tiger Oil and Energy Inc (OTCMKTS:TGRO<\/a>) and Pan Global Corp (OTCMKTS:PGLO<\/a>) and we \"74PGLO.png\"reckon that they pretty much speak for themselves.<\/p>\n

All in all, things are not looking particularly good for the near future. But what about the longer run? Is there anything to suggest that WPWR<\/a> can actually raise the value of their shareholders without the help of the pumpers?<\/p>\n

As you probably know, they do have a licensing agreement with a Canadian company called ME Resource Corp. (CNSX:MEC<\/a>). According to it, they will have the right to distribute MEC<\/a>‘s Micro Refinery Units in Texas.<\/p>\n

WPWR<\/a> also have some assets (which wasn’t the case a couple of months ago). They published the 10-Q covering the period ended January 31 last week and presented us with the following figures: <\/p>\n