{"id":6767,"date":"2015-09-04T15:11:04","date_gmt":"2015-09-04T15:11:04","guid":{"rendered":"\/?p=6767"},"modified":"2015-09-04T15:39:27","modified_gmt":"2015-09-04T15:39:27","slug":"futureworld-corp-otcmktsfwdg-rebounds-at-last","status":"publish","type":"post","link":"\/articles\/futureworld-corp-otcmktsfwdg-rebounds-at-last\/","title":{"rendered":"FutureWorld Corp (OTCMKTS:FWDG) Rebounds at Last"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91240\/fwdg.png\" border=\"0\" width=\"400\" height=\"178\" \/>On July 23, the people behind a company called Cohen Grassroot Research Inc. wrote a research report on FutureWorld Corp (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FWDG\">FWDG<\/a>). It&#8217;s on the long side. It&#8217;s actually 53 pages long which is an awful lot of writing dedicated to a stock that cost just $0.0009 at the time of the report&#8217;s publishing.<\/p>\n<p>So, why did the people behind Cohen Grassroot Research spent all this time writing about <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FWDG\">FWDG<\/a><\/strong>? If you are patient enough to read through the entire report, you&#8217;ll reach the disclaimer and you&#8217;ll see that they have received 17 million shares of common stock in exchange for their effort. <\/p>\n<p>But does that mean that you shouldn&#8217;t trust them? Not at all. In fact, you should probably take a look at the report yourself before you decide what to make of it. What we can say, however, is that Cohen Grassroot Research gave <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FWDG\">FWDG<\/a><\/strong> a price target of $0.0078.<\/p>\n<p>In other words, they predicted a 766% jump for a company that has the following financials:<\/p>\n<ul>\n<li>cash: $66 thousand<\/li>\n<li>current assets: $868 thousand<\/li>\n<li>current liabilities: $2.1 million<\/li>\n<li>quarterly revenues: $7 thousand<\/li>\n<li>quarterly net loss: $267 thousand<\/li>\n<\/ul>\n<p>The company with the less than perfect financials which will supposedly increase its market cap seven-fold has also gone through quite a lot of dilution. The O\/S count grew <strong>from just over 450 million on June 30, 2014 to more than 1.1 billion at the end of Q2 of this year<\/strong>. Sadly, although <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FWDG\">FWDG<\/a><\/strong> is registered with the SEC, its financial statements aren&#8217;t extremely informative. The latest 10-Q, for example, fails to explain how the <strong>387 million shares<\/strong> that were issued during the quarter came to be.<\/p>\n<p>We don&#8217;t know whether this has anything to do with it or not, but Cohen Grassroot Research&#8217;s report failed rather miserably at drawing any attention to the stock. The trading volumes remained pitiful and the ticker continued to fluctuate between $0.0009 and $0.0005 per share.<\/p>\n<p>Yesterday, however, it shot up. Nearly 190 million shares changed hands in a matter of six and a half hours, and after a 66% jump, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FWDG\">FWDG<\/a> <\/strong>closed the session at exactly $0.001 per share.<\/p>\n<p>The reason for this is a press release which hit the wire shortly before the opening bell. It said that the company will try to develop and introduce a line of cannabis based energy and chill drinks. Once available, they will be sold both online and through dispensaries.<\/p>\n<p>Apparently, some people think that this is enough to justify a 66% jump. But is it enough to make Cohen Grassroot Research&#8217;s price target more realistic? And is it enough to minimize the effect of all the problems we listed above?<\/p>\n<p>As always, it&#8217;s up to you to decide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 23, the people behind a company called Cohen Grassroot Research Inc. wrote a research report on FutureWorld Corp (OTCMKTS:FWDG). It&#8217;s on the long side. It&#8217;s actually 53 pages long which is an&#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":[1277],"class_list":["post-6767","post","type-post","status-publish","format-standard","hentry","category-news","tag-fwdg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6767","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=6767"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6767\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}