NIA first suggested Westbond Enterprises (TSXV: WBE) on the evening of June 18th at $0.265 per share in an alert entitled, 'A Gift for NIA Members: WBE'. NIA said in this alert, "NIA discovered a company called Westbond Enterprises (TSXV: WBE) a few days ago by accident... and we are announcing it to you right now as a confidence rating of 99 stock suggestion so that we can officially have a WBE suggestion price of $0.265 per share." WBE gained 5.66% on June 19th after trading volume that was 4X above average.
On the morning of June 23rd, NIA sent out a more detailed WBE alert entitled, 'WBE's Disinfectant Wipes About to Hit Market'. NIA said in this alert, "Westbond Enterprises (TSXV: WBE) currently $0.27 per share with a market cap of less than CAD$10 million is about to launch sales of ViroBan Plus in the coming weeks. ViroBan Plus is a Health Canada approved disinfectant wipe, which will be sold through WBE's extensive medical distributor network and directly to government procurement agencies. Currently, all retail stores as well as online retailers like Amazon are completely sold out of disinfectant wipes. WBE in its fiscal year ending March 31, 2020 generated a net profit of $591,016 on revenue of $11,667,892. We expect ViroBan Plus to quickly become WBE's best selling product." WBE gained 14.81% on June 23rd after trading volume that was 8.33X above average.
On the morning of August 19th, NIA sent out an alert entitled, 'NIA's Smartest Member'. NIA said in this alert, "Westbond Enterprises (TSXV: WBE) is being quietly accumulated and closed yesterday at $0.40 per share its exact long-term key breakout point where it hit resistance on February 2, 2004. Although it will be very difficult for WBE to break through the huge resistance at $0.40 per share, we are confident that once WBE eventually does surpass its $0.40 per share long-term key breakout point... WBE is likely to rapidly rise to $0.50-$0.75 per share." WBE gained as much as 12.5% on August 19th with volume that was 4.05X above average.
On Friday morning at 11:30AMEDT, NIA sent out an alert entitled, 'The Only COVID-19 Play Worth Researching'. NIA said in this alert, "One month ago, WBE began shipping ViroBan Plus to major health care distributers and government ministries. WBE has officially confirmed in its 2Q 2020 results press release that revenues and profits are expected to increase significantly moving forward due to extremely strong sales of ViroBan Plus! WBE closed yesterday at a new all-time high closing price of $0.48 per share, but WBE's current valuation is NOTHING because WBE has only 35.52 million shares outstanding! This means WBE's current market cap at $0.48 per share is only $17.05 million (USD$12.72 million). WBE could easily reach $1+ per share within weeks, in anticipation of strong 3Q 2020 results set to be announced next month along with the possibility of guidance for a record breaking fourth quarter 2020 and full year 2021!" WBE gained 14.58% on Friday to close at a new all-time high of $0.55 per share after trading volume that was 3.75X above average.
WBE was Friday's 9th largest percentage gainer on the TSX Venture exchange with dollar volume of at least CAD$50,000.
WBE has already gained by 107.55% from NIA's initial suggestion price of $0.265 per share, but we believe it has much greater upside potential. WBE's 3Q results will most likely be released on or around November 19th.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Our initial suggestion of WBE along with our continued coverage of the company was, is, and will continue to be completely unbiased. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.