Borislav Tonev

Well Power Inc (OTCBB:WPWR) Gets a $4.1 million Pump from Stock Tips

by Borislav Tonev February 10, 2014
WPWR.gifA month ago, the company that we now know as Well Power Inc (OTCBB:WPWR, WPWR message board) was called Vortec Electronics, Inc. According to the descriptions available on the internet, the small cap entity was trying to develop a revolutionary fully automated wok for frying rice, but in reality, it was just a shell with no assets, no revenues, and no volume on their stock chart.

If the latest 10-Q is to be believed, they still have no assets, but on Friday, the ticker managed to shift more than $636 thousand worth of shares. The price dropped by a staggering 45%, but we can see that the buzz on the message boards is huge and lots of eyes are now fixed on WPWR. So, what will happen next?

Only time will tell, but we might be in for an interesting week. Forty-eight hours after the drop, we received an email from Stock Tips who announced that WPWR is their newest pick. As you probably know, Stock Tips has been one of the most prominent players in the promotional world since the demise of Awesome Penny Stocks and, looking at the fine print below their latest emails, we can see that they are also among the best paid outfits. According to the disclaimer, a third party called Laluna Services has set aside a mind-bending $4.1 million for the awareness campaign on WPWR.

As is often the case with Stock Tips' promotions, touting is done through articles on advertorials such as, through videos narrated by Mr. Mike Statler (editor of Stock Tips), and through emails.

WPWR is officially the most expensive pump in Pennyland at the moment, but will it be the best-performing one?

If this is to be decided by the company's fundamentals, the ticker is headed for disaster. As we mentioned already, the latest 10-Q states that the company has no current assets and no revenues. It also reveals that they have $105 thousand in current liabilities and a quarterly net loss of $2,000.

The whole brouhaha is created by an agreement WPWR signed a couple of weeks ago. Apparently, they received an exclusive license to distribute a line of clever devices called Micro Refinery Units (MRU) in the state of Texas. Mr. Statler is prepared to spend twelve minutes talking about how these pieces of machinery are going to make you very rich, but let's take a more realistic approach and see if things really are as positive as the pumpers think.

The entity that developed the MRU's and granted WPWR the life-changing license is called ME Resource Corp. (CNSX:MEC). Fortunately, MEC is a publicly traded company which means that you can take a look at their financials and see how well the sales of the magical devices are going along. We did just that and we saw that they haven't registered a dime in revenues.

Will WPWR miraculously manage to get the whole thing going as Mr. Statler suggests they will? We'll leave it up to you to decide.

WPWR_logo.pngIn the meantime, make sure you check out WPWR's initial public offering. As you can see from the document, back in 2007, the company sold 975 thousand shares for just $19,500. When you take the effects of the 50-for-1 split into account, you'll see that the number of discounted shares now stands at nearly 50 million. The filings say that this stock was distributed among thirty-eight shareholders and if they still own it, they could be in for the profit opportunity of a lifetime.

Will they take advantage of it? We'll probably know the answer very soon.

Comments 10

1. Guest
May 04, 2014, 05:45PM

Quotes The only reason that anybody made any money on WPWR was because they got out fast enough, (before anyone really knew it was a hoax). You really can make money on a lie, you just have to know it to get the gain that has been driven by the hype alone. Come on everybody surely you aren't that trusting of these so-called 'business guru's' that pretend to be your friend giving you 'inside information' ahead of time. Why would they tell you these things do you think? With companies that are new to the market it's a risk as you all should know. You really need to do your own research to limit the risk to yourself, instead of trying to take an easy ride based on these crooks who really just want to make a quick buck off the back easily taken, unsuspecting newcomers to stock markets.

2. Guest
April 20, 2014, 02:03PM

Quotes If you would have got in at the opening bell and out a few days later, you would be singing a diferent tune.

3. Guest
March 06, 2014, 02:02PM

Quotes If it quacks like a duck, and waddles like a duck, IT is a duck.

I have not heard anything but NEGATIVE THINGS about this company and people that encourage to invest in it. Well, thanks for all the comments. I will not waste my time or money. happy investing.

4. Guest
February 23, 2014, 01:23PM

Quotes you got to be kidding me.who the hell is really getting rich? i'll tell you who the fat axxes trying to get you to line their pockets with your grief!!!!!!!!!!!!!!!!!

5. Guest
February 14, 2014, 10:06AM

Quotes but its up 500% on HUGE volume ??!??!?

6. Guest
February 11, 2014, 10:42PM

Quotes legally speaking is mike statler guilty of fraud, by effectively pestering people to get on board (nothing more than a glorified boiler house janitor) when a so called stock tip isn't what it seems (TGRO - I was getting three e mails a day from him).


7. Guest
February 11, 2014, 01:00AM

Quotes what newsletter was promoting wpwr and tgro

8. Guest
February 10, 2014, 02:06PM

Quotes don't get me started TGRO that's all they were talking about you must buy it its going to take off yah it took off right down the shitter I lost money every day on that stock after the day I got I never heard another word from stock tips again in till the other day when they started pushing WPWR I don't buy it now it up 500% WTF

9. Guest
February 10, 2014, 12:23PM

Quotes bunch of SLIME balls

10. Guest
February 10, 2014, 09:47AM

Quotes Nice write up Borislav, just another pump for another empty company. Only thing these guys will ever produce is the ever growing pile of s#!T that they keep spewing out of their lying mouths. Same thing they did for TGRO.

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