{"id":436,"date":"2013-03-05T09:35:00","date_gmt":"2013-03-05T09:35:00","guid":{"rendered":"\/?p=436"},"modified":"2013-03-25T19:43:49","modified_gmt":"2013-03-25T19:43:49","slug":"world-assurance-grou-pinkwdas-popped-up-in-the-stock-braniacs-email","status":"publish","type":"post","link":"\/articles\/world-assurance-grou-pinkwdas-popped-up-in-the-stock-braniacs-email\/","title":{"rendered":"WORLD ASSURANCE GROU (PINK:WDAS) Popped up in The Stock Braniac&#8217;s Email"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/WDAS.png\" border=\"0\" alt=\"WDAS.png\" title=\"WDAS.png\" width=\"450\" height=\"222\" \/>Shortly after the closing bell rang yesterday, we received a couple of emails from The Stock Braniac as well as a few other newsletters telling us how great an investment WORLD ASSURANCE GROU (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>) would be. We couldn&#8217;t remember writing about them, so we were quite eager to check how they are getting on and if there is anything behind the optimistic emails. Here&#8217;s what we managed to find. <\/p>\n<p>It&#8217;s not easy doing a research on a company that with no clearly defined operations but, from the rather confusing descriptions available on the Internet, we understand that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> have been in the real estate business for some time now and, according to their latest filings, they have some land in a community somewhere in Colorado where they would like to build houses which they would later sell or lease. We&#8217;re going to go out on a limb here and say that they won&#8217;t be doing that any time soon. Instead of writing long sentences explaining why, we&#8217;ll just list the reasons below: <\/p>\n<ul>\n<li>current assets: $0<\/li>\n<li>total assets: $87 thousand<\/li>\n<li>current liabilities: $161 thousand<\/li>\n<li>no revenue since inception<\/li>\n<li>net loss (2012): $127 thousand <\/li>\n<\/ul>\n<p>Having in mind that, according to their financial statement, they have been in the real estate business since 2006 and that they acquired the land in 2010, it&#8217;s fair to say that it&#8217;s not really working out for them.<\/p>\n<p>That&#8217;s probably why, a couple of months ago, they decided to buy themselves a new subsidiary that operates in a completely different business sector. It&#8217;s called Cellad, Inc, it&#8217;s an Irish company and it makes ads, that appear on your smartphone when you don&#8217;t want them to (that&#8217;s what we could understand after reading the description a number of times). <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> are very happy with their new daughter company and it seems that the pumpers share their enthusiasm.<\/p>\n<p>We&#8217;re not sure if the stockholders are too keen, though. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> have disclosed all the details of the deal and it&#8217;s quite clear that it&#8217;s not all good news. The shareholders of Cellad received 80 series B preferred shares that give them 80% of the voting rights. If they wish to convert them, they can get 80% of all the issued and outstanding common shares.  At the same time, the series A preferred shares (all 3.5 million of them) will be converted automatically into common stock over the course of the next couple of months. All in all, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>&#8216;s stockholders will have to get through a lot of dilution in the coming months.<img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px none;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/69AXLX.png\" border=\"0\" alt=\"69AXLX.png\" title=\"69AXLX.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>We were reading quite closely to the terms of the contract and we couldn&#8217;t help noticing that it all sounds extremely familiar &#8211; a promoted penny stock company has recently acquired an Irish business that operates in the telecommunications sector. Sure enough, it&#8217;s not a coincidence.<\/p>\n<p>A couple of weeks ago we wrote about another pump &#8211; the one for AXIOLOGIX INC (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AXLX\">AXLX<\/a>). Just like <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a>, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AXLX\">AXLX<\/a> recently acquired an Irish company that deals with VoIP services and the similarities don&#8217;t end there. The newly appointed CFO of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> is a certain Mr. Vincent Browne &#8211;  the CEO of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AXLX\">AXLX<\/a>. He&#8217;s at the helm of another penny stock company &#8211; Flint Telecom Group, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FLTT\">FLTT<\/a>), and as we wrote in the <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AXLX\">AXLX<\/a> articles, there are quite a <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px none;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/7FLTT.png\" border=\"0\" alt=\"7FLTT.png\" title=\"7FLTT.png\" width=\"350\" height=\"156\" \/>lot of complaints filed against him, including one for securities fraud.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=AXLX\">AXLX<\/a>&#8216;s pump is now at a standstill and they have already started their descend. As for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FLTT\">FLTT<\/a>, they are all but anchored to the bottom of the chart. Will <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WDAS\">WDAS<\/a> follow in their footsteps? Only time will tell, but it&#8217;s essential to think twice about the risks involved when you are considering your investment options.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFR1XS1H-2B6erIK0x5uXnor4llDy32bekn1BPShL0WXBaITLpW10zRKXIlu-2F0YDyHu8H2m8QT6OU3ElPS5zr-2FQbIUHGVtDLirN4hAowWY1Xupjl6ENZSb14d3Vm9rhZyer-2FtzVyaOk-2BtNqciyCb79vD2Q-3D-3D\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shortly after the closing bell rang yesterday, we received a couple of emails from The Stock Braniac as well as a few other newsletters telling us how great an investment WORLD ASSURANCE GROU (PINK:WDAS)&#46;&#46;&#46;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[159,158,53],"class_list":["post-436","post","type-post","status-publish","format-standard","hentry","category-news","tag-axlx","tag-fltt","tag-wdas"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/436","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=436"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/436\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}