{"id":6591,"date":"2015-08-20T13:11:12","date_gmt":"2015-08-20T13:11:12","guid":{"rendered":"\/?p=6591"},"modified":"2015-08-20T13:39:30","modified_gmt":"2015-08-20T13:39:30","slug":"new-wave-holdings-inc-otcmktsnwav-becomes-interesting-all-of-a-sudden","status":"publish","type":"post","link":"\/articles\/new-wave-holdings-inc-otcmktsnwav-becomes-interesting-all-of-a-sudden\/","title":{"rendered":"New Wave Holdings Inc (OTCMKTS:NWAV) Becomes Interesting All of a Sudden"},"content":{"rendered":"\n

We’ve taken a look at New Wave Holdings Inc (OTCMKTS:NWAV<\/a>). We’ve gone through the financial reports, we’ve done the research, and, well, we’ll just put it mildly and say that you really have to be feeling adventurous if you’re willing to put your money in this particular stock. Either that, or you have to skip on the due diligence.<\/p>\n

For one, NWAV<\/a><\/strong> isn’t exactly what you’d call a market darling. In fact, it has spent years on end with the dollar volume rarely exceeding a few thousand dollars per day. And that’s not really that much of a shock. <\/p>\n

The public entity was originally incorporated in 2003 and since then, it has gone through 9 (Nine!<\/em>) name changes. What’s more, over the last nine years, its tormented shareholders have experienced 5 reverse splits. That’s an average of one reverse split for every twenty-two months.<\/p>\n

NWAV<\/a><\/strong> failed to file its Q2 report on time which means that the latest financial statement is now more than four and a half months old. And it’s not particularly informative. When you compare it to the annual report for last year, you’ll see that the number of issued and outstanding shares has grown from just under 25 million at the end of 2014 to over 92 million on March 31<\/strong>. No information is given as to who or why got the newly printed stock.<\/p>\n

What the report does say, however, is that the company was in a big mess at the end of Q1. Here’s a snapshot of the financials:<\/p>\n