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Not too sure what to make of the latest news....will have to read more carefully.
Another human being on the board....for a while there I was sure I was in a WNDM Black hole. As to the jump...maybe, depends on their financials. Good company...good products, should be higher stock price...considering some of the alternate garbage stocks that are feasting off of investors with nothing to show in the form of revenue/cash flow.
Wow this looks like it’s about to have a nice jump up boom
Day traders facilitating a nice slow rise......
Did I just witness a mini pump and dump......heavy buying ( for this stock ) in high .05's even some .06's.....then bada boom buda bust. Some MM trying a little manipulation, or did it just get ahead of itself? I know, it's the RUSSIANS!
A wee bit of volatility today....but miniscule in the grand bulk of the O/S.
Two times of the year when stocks are under undo pressure.....tax loss selling and income tax season.....notwithstanding of course a poor earnings report which can happen four times a year.
Change in top management: Siedhoff leaving and Jim Stuckert taking over. Former stock broker and was with firms of JJB Hillard & WL Lions, LLC. Has lots of experience especially in stock markets...hopefully he will some well needed attention to the company. He was a WNDM board member for four years. He's up there as far as age goes...8 decades on the planet. As long as his health is good....strong ticker ( no pun intended ), he could bring some very valuable experience to the company. We shall see. I suppose this could be also viewed as Siedhoff jumping off a possibly floundering ship ( the Ying Yang theory ). Personally I hope that Siedhoff moved on for monetary reasons ( fatter paycheck at some other company, or retirement )...he is 58.
Stock price firming up.
And then a day trader jumps in at .05c and runs off into the hills with his/her little bag of coins. A pox on them all. Regardless, we are in a better position than a month ago....so far.
Up more than a .0125c + this AM on low volume. Is someone messing with the stock?...I have not seen any news posted.
I think the rhetoric coming out of Washington is affecting all stock related to healthcare......the constant mantra of lower drug prices being forced on big pharma is trickling down to any company involved in healthcare.....which is unfortunate because Wound Management produces a product that is used in the OR management of infection...it is not a drug. There is so much algorithm and computer trading that small companies like this get beat up quickly when a drop occurs in their share price. Day traders and the .01c or .02c profit thinking crowd makes it difficult for a stock to move forward. Impatience has its downfalls.
Am I missing something? This stock was pushing .10 per share we have signed to good selling agreements and we had a very positive conference call and still the stock is dropping like a rock! Hope when the year end reports come out we will have a surge in stock prices.
Seems that anything to do with healthcare is in the House of Pain.
If nothing else....what is being sold is being bought...unfortunately at lower prices that I had hoped for.
Most of these OTC stocks go to some kind of default bid and ask after hours......like .001c to .09c as an example even when the days values were no where near those levels during the day. I don't know why that is....but I would expect with the opening tomorrow the bid and ask will be back to the usual. What would might make a difference is if the BID was at .18c and the ask at .21c right now....which it is not. We will see at the opening.
Did you see how high the bid ask went? I think I saw it go as high as 75 cents!
Getting very close to the day, last year, when the Worm ( wolf )of Wall Street pumped this stock with a promo on his site. Would really prefer this to move on its own merits.
Somewhat of a sell off today...have not seen any bad news recently, and can't be tax loss reasons....so I am perplexed. Could it be short selling?
Indeed it will be nice. I am excited to see net revenues with the supposed 400 plus sales reps pushing celleraterx. If they only had maybe 15 before, net revenue should be much much higher.
One and a half days until tax loss season is over.
Opened strong.....but with tax loss and algorithm selling still going on...it could not hang on. 20,000 sell and last measly 700 shares has dragged it down. There is a buying willingness present but necessity to produce a loss for tax season still has influence. The New Year should prove interesting....possibly back to .10c, if not higher, in January.
Getting some attention this morning.....bid still low though.
.03c close.....day traders. The blight on a stock.
400 reps is quite the number os sales reps. If they are all promoting celleraterx that is a 90% gross margin product and could lead to some nice profits. Yet to be seen though.
Just as luck would have it......My attempt to add to my holdings are thwarted by my internet provider.....they decided to do some updating to the system, so when I was ready to buy at the opening bell, I had no service. Didn't figure out what the problem was until a hour after opening, and looks like a lost opportunity. It is possible that the low could be tested again by tax loss sellers, depending how badly they need the loss to offset gains. I will wait with my little bag of money just in case that happens...In one way I hope it does, but in the other I hope it doesn't....what a conundrum!
$WNDM will have close to 400 sales rep & the stock in red?
Weird.
I will definitely monitor this company's heading 2019.
gltua.
If it stays at this level tomorrow, and it probably will because of tax loss and fear selling...I will definitely pick up another 25K. There is no reason for this other than the two outlined above.
Damn, I am amazed at the selling here. Pretty unbelievable. I picked some up today and thought I was getting a steal. Feel as tho it could keep going down though.
Now that the stock price is this low there is another factor other than tax loss selling driving it down.....it's the fear factor, and it is much stronger than the former, which is just a balancing of profit or loss in a portfolio.
The beaten up price also is being affected by the time of year....I would imaging a number of .06c to .10c holders are using their losses to reduce taxes on winnings or just to have a tax loss going forward.
Isn't it crazy how things change so fast? I also thought nothing bh torofit from here on out but never expected the catalyst group fiasco. Time will tell.
Added some to my position today.....the new year will determine whether that was a reasonable choice.
Holdings are being adjusted for tax loss selling....happening to some of my other holdings except PTEEF. It is at the same level it was pretty much all year.
Agreed. Thing that gets me is they were submitting to fda their own version of cellerate but it just takes forever to get approval. Also, per the shareholder meeting they said that catalyst group was planning on selling into the collagen space, so why not join them vs fight them. It's going to take at least a year to really see if this company can keep growing like previous rates. I'm also concerned about profitability of the new operations. The month of September only generated 10k of income while their sga was considerably higher than that. At that rate, they will need to raise cash at some point in the future.
Accumulation on a smaller scale.....every day at the opening bell an entity buys thousands of shares at the ask...what else could that be. As to the catalyst deal....it was not perceived as good by individuals looking at or into the stock. This is one of those deals that will take time to pan out. If it leads to considerably more product being sold then that is good.....but do they make as much revenue on their own books by the deal? It's a Yin and Yang thing...time will tell.
I would not call that accumulating. When the volume gets to over 1-2m shares a day then that'd be accumulation.
Curious, do you have any thoughts on Financials or business outlook of the catalyst group deal? I feel as tho this is undervalued by a minimum of 100 percent at least based on the note they gave tgc. If I had more cash I'd be buying more.
Looks like an individual or other is accumulating right at the opening bell every day at the ask price (for the past few days anyway).....then the ask drops immediately.
Any thoughts on the catalyst group change up? I noticed on the 10q that the income from that operation for September was only $10k, and a net loss overall with wndm of over $100k. I am hoping that that op ex for wndm goes down significantly for this next quarter, because most of that should now be included int he new llc that was created. Still though, this seems like a net negative for the company. I guess time will tell. Maybe since they can now sell a whole suite of other products their growth may be even faster.
I don't know if it's a pitiful attempt to purposely pull this stock down or more likely individuals who should not have been in the market to begin with.....but Wound Management will heal and considering the present time of year, it will not be until a "new" year is upon us. Mostly small trades from individuals who need money.
This stock should be trading closer to .10 per share. Not sure why we are flying under ever ones radar.
WNDM just announced third quarter sales of 1.5 million dollars and that is a 53% increase over that same period last year.
It just amazes me that there is so little interest on this board for WNDM. I own 3 different penny stocks and this is the best ran and the only one that is profitable yet very little discussion on the board and very little volume on the stock trades. What am I missing?
3rd Quarter sales figures out this AM.
Just about every stock I own had a down day.....even the big boys. Markets are very volatile....start up in the morning by a couple of hundred points and end the day down a couple of hundred or worse. Fear of a major reversal, early tax loss selling, world instability, lackluster performance of precious metals, way too much money in pot stocks that will inevitably crash......there is too much going on for everyone to deal with. I will continue to hold WNDM because I believe it will recover.....the volumes that are dragging it down are miniscule in relation to the O/S. Some of the above mentioned factors are weighing in on its performance in the market. Time will tell. Show no fear.
I had a feeling that when I saw the 5K @ .075 that someone was overly exuberant or trying to manipulate the price higher....too low a volume for such a large increase. When it couldn't maintain that false rise it returned back to mid .05's....the ask has remained above .07c, so hopefully that will be hold.
Somewhat of a reversal today.....don't know why. I have not seen any news released.
The four hurdles of the market.....micro cap, early tax loss selling, dislike by someone of the latest news, and lost in a sea of OTC stocks, I have not looked into what insider holdings are....but that could be another factor if they are relatively small. I am holding...a new year will be upon us shortly.
Why is the stock dropping so far??? The company is on solid financial footings, they had a great stockholders conference call a few weeks ago, and has signed two great selling partnerships. What am I missing? This stock should be going up past .10 cents a share!
Getting slaughtered today......wish I knew who was selling. They sure seem to need to get out bad. I hope that "Worm of Wall St" is not forcing it down so he can pump it up again like he did last January.
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Wound Management Technologies, Inc. is an emerging commercial stage company with its primary products in the $5B worldwide advanced wound care market. Wound Management's primary focus is the distribution of its unique, patented collagen product, CellerateRX®, which is FDA cleared and reimbursable under Medicare Part B. Wound Management has other advanced biotech products in development including a patented resorbable bone wax line that is in late stages of development, as well as a subsidiary focused on technology for secure healthcare communications, data collaboration and storage.
Rapid revenue growth is projected from our leading FDA cleared CellerateRX wound care products, which recent market and clinical validations show to be clinically cost effective with broad uses. CellerateRX has a competitive proprietary feature and performance advantages over other collagen-based products. It is available in powder (95% collagen) and gel (65%) forms that don't need special handling (like refrigeration). It is active in all 4 phases of wound healing. As CellerateRX revenues grow, the company is positioned to become cash flow positive and profitable in 12-18 months.
CellerateRx Activated Collagen targets a multi-billion dollar domestic and international wound care market with over 60% profit margins. A large part of the growth in the wound care markets is from diabetic ulcers. In people with compromised health or circulation, the difference in wound healing can be significant. You can read through numerous evidence-based studies on the www.celleraterx.com website.
FORT WORTH, Texas, November 11, 2011 PRNewswire-FirstCall -
Wound Management Technologies, Inc., (OTCQB: WNDM | WNDM.PK) a leading innovator in advanced wound care solutions, today announced that its subsidiary, Resorbable Orthopedic Products, LLC, has entered into a Development and License Agreement with Newport Beach, CA-based BioStructures, LLC to develop products for bone remodeling in the human skeletal system based on ROP's patent. BioStructures has paid ROP an initial $100K licensing fee and the agreement calls for ROP to receive additional license fees as well as royalties on sales throughout the life of the patent. Under this contract, minimum royalties will begin in 2013 and last until 2023. Initial commercial sales from this business are expected in 2013.
"This transaction allows us to combine our portfolio of proprietary biomaterials with a patented resorbable wax carrier. The combination of these products will further enhance the dynamic product lineup of BioStructures," said Russell Cook, CEO of BioStructures, LLC.
"We are pleased to have reached a license agreement with BioStructures to develop many of the orthopedic products related to Resorbable Orthopedic Products' patent on resorbable bone wax and bone void fillers. This agreement is the first commercial agreement for our subsidiary ROP and marks the start of a second product line for WNDM," said Deborah Hutchinson, president of Wound Management Technologies. "We believe that BioStructures is the right partner to develop and market these important orthopedic products and we look forward to strong success of these products in the marketplace."
ROP's patent was developed by WNDM advisor Barry Constantine and his associates and was acquired by WNDM in 2009. Mr. Constantine will oversee ROP's development responsibilities with BioStructures. "Commercialization of the BioStructures product containing the ROP technology in addition to the development and commercialization of other embodiments within the ROP patent advances the practice of orthopedic surgery," said Barry Constantine. "We are excited to see our technology move into product development with BioStructures."
Resorbable Orthopedic Products may commercialize additional products covered by the patent, including a resorbable orthopedic hemostat (resorbable bone wax), a resorbable orthopedic hemostat antimicrobial dressing and products for the veterinary market.
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