Things are going very badly on Wall Street today, as even people with no interest in finance know. Stock quotes are in free fall, and last Monday may well be called the second "Black Monday". The Dow Jones fell 777.7 points that day, marking the largest drop in its history.
Promotions also did not stand aside World Poker Tour, which have been listed on the New York Stock Exchange since August 10, 2004, and have already dropped $ 8 from their issue price. Total outstanding 20 million shares World Poker Tour - their current cost is only $ 12 million. With simple calculations, you can quickly determine that the stock price is very low. At 0.56$ per WPT share, it hit an all-time low this Tuesday.
There is even a danger of dropping out of the NASDAQ index, where WPTE so far in the lists. After all, if within 140 days the price of any share does not exceed the dollar mark for at least 10 days, then such a share is removed from trading on NASDAQ. The highest price of securities WPT was in July 2005, then 26,50$ was given per share. Since then there has been only a fall.
However, the decisive factor for the dramatic fall in value WPT it was not a financial crisis, but a $ 4 million loss, which World Poker Tour published in its quarterly report. It is likely that now is the time for a profitable investment, as from Tuesday WTP began their growth, which is likely to continue in the future.
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