W&E Source Corp.’s (OTCQB: WESC) stock and share volume soared Apr. 23, with 9,072,524 shares changing hands and its share value closing at 19 cents a share, up 17 cent, or 850%, from the previous day’s close of 2 cents a share.
What is behind this sudden uptick is a mystery because the company has not issued any press releases, has made no news that we know of – and its Web site is pretty much a blank slate.
Here is the little we do know.
The Newark, Del.-based company provides tourism related services such as, airline and cruise ticketing, customized and packaged tours, travel blogs, sales of travel related merchandise, group hotel reservations, and admission ticket sale for local tourist attractions.
Its last financials filed for the period ending June. 31, 2013 showed that W$E lost $261,000 on revenue of $24,000.
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Frozen Food Gift Group Is Now APT Group Inc.
In other news, APT Group Inc.’s (OTCQB: FROZ) stock volume soared Apr. 23, with 122,045,686 shares changing hands, more than twice its three-month average volume of 59,306,502 shares.
The surge in stock volume is being fueled in part by the company’s recent announcement that it has taken the major step to becoming a public company, traded on the stock markets, by completing a Share Exchange Agreement with Frozen Food Gift Group Inc.
APT Group, Inc. comprised of American Performance Technologies, LLC, APT Powersport & Utility Products, LLC, APT IP Holdings, LLC and APT Real Estate, LLC, will be the only entities that remain a part of FROZ.
"APT is poised for rapid growth through our new public company," said Wayne Patterson, CEO. "The combination of our three divisions with focus on emissions testing, disruptive fuel systems and propulsion technologies, and advanced powersport and utility products places us in a globally unique position only held by a few of the very largest companies. We look forward to an exciting 2014 and an even better 2015 and beyond," he added.
Certain outstanding items, such as changes to the public company name and the application for a new ticker symbol have been initiated. These changes will be announced once they are approved by authorities.
On Apr. 23, FROZ’s share price closed at 0.0134 cents, down 0.0012 cents from the previous day’s share price of 0.0146 cents.
Medient Studios to Present at the Growth Capital Expo at Caesar's Palace
Meanwhile, Medient Studios Inc. (OTCQB: MDNT) announced Apr. 22 that it will present to various investment banks, fund managers, institutional and high net worth investors at the Growth Capital Expo in Las Vegas, Nevada on Apr. 29th to May 1, 2014.
Manu Kumaran, Chairman of the Board of Medient, stated, "We made a promise to our shareholders to become more aggressive in educating Wall Street about Medient and the Studioplex. Through similar presentations over the last five months our shareholder base has grown approximately four fold."
Background on Medient
Bloomingdale, Ga.-based Medient is a global film production and distribution company with a strong presence in the world's two largest movie markets - North America and India.
Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing in excess of 250 movies. To date, approximately 14 movies, two music acts and several hundred live performance shows have been produced under the Medient banner. The Company is in the process of significantly scaling up its operations, including its planned entry into the electronic games sector.
On Apr. 23, MDNT’s share price closed at 0.0095 cents, down 0.0006 cents from the previous day’s close of 1 cent.
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