{"id":4293,"date":"2014-04-03T16:11:06","date_gmt":"2014-04-03T16:11:06","guid":{"rendered":"\/?p=4293"},"modified":"2014-04-03T16:11:39","modified_gmt":"2014-04-03T16:11:39","slug":"world-assurance-group-inc-otcmktswdas-pushes-further-up","status":"publish","type":"post","link":"\/articles\/world-assurance-group-inc-otcmktswdas-pushes-further-up\/","title":{"rendered":"World Assurance Group, Inc. (OTCMKTS:WDAS) Pushes Further Up"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/7WDAS_chart.png\" border=\"0\" alt=\"7WDAS_chart.png\" title=\"7WDAS_chart.png\" width=\"400\" height=\"178\" \/>Until not so long ago, World Assurance Group, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>) was traded in triple zero land. Then, in the beginning of last month the stock suddenly exploded after a full &#8220;refurbishment&#8221; of the management team. <\/p>\n<p>It began sliding after the initial jumps, but started to climb back up and by now the ticker has gained around 8400% in just a little less than a month of trading. Of course, there are constant press releases keeping the hype alive and we see that the volumes of traded stock have began to rise again.<\/p>\n<p>The most interesting news lately were from yesterday, when the company issued two new PR&#8217;s. In one of them they claimed that they have made gross revenues of $3.6 million in Q1 this year. Still, the whole report will be available &#8220;on or before&#8221; May 15 and will show if the company is actually working on a profit, after all the expenses subtracted from the revenue.<\/p>\n<p>The other press release was about the completed acquisition of World Global Assets Pte Ltd, a company which was previously controlled by <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>&#8216;s new CEO and Chairman, Fabio Galdi, with the idea of boadening the company&#8217;s licensing portfolio.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/206LOGO.png\" border=\"0\" alt=\"206LOGO.png\" title=\"206LOGO.png\" width=\"84\" height=\"88\" \/>Early today, there were more exciting news coming from the company as a press release stated that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> has added 2 new solap power plants to its license agreement, which will be located in Japan and have generated $750 thousand in initial license revenue, so the hopes of investors were raised once again.<\/p>\n<p>Everybody is surely hoping for some profitability, because <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>&#8216;s quarterly report covering the period ended September 30, 2013 had little to show.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $0<\/li>\n<li>acurrent assets: $0<\/li>\n<li>total liabilities: $234 thousand<\/li>\n<li>revenues: $0<\/li>\n<li>net loss: $278 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Still, the company stock is doing great with all the optimistic news lately and added another 46% to its value yesterday on double its average volume. The hefty 19 million shares that changed their owners during the session managed to generate some $908 thousand in trade value.<\/p>\n<p>Unfortunately, it is still unsure how successful the company might get and there is no hard proof at the present moment. Everything will surely become clearer when we see some audited financials.<\/p>\n<p>Until then, be sure to do your due diligence and weigh out the risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Until not so long ago, World Assurance Group, Inc. (OTCMKTS:WDAS) was traded in triple zero land. Then, in the beginning of last month the stock suddenly exploded after a full &#8220;refurbishment&#8221; of the management&#46;&#46;&#46;<\/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":[53],"class_list":["post-4293","post","type-post","status-publish","format-standard","hentry","category-news","tag-wdas"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4293","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=4293"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4293\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}