is charting
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now that is what i call some volume. really want to see 11 touched this week. tomorrow would be a good day, we have a few hours left to whittle away those 10s...
lets look for doms to move up to 9, retail etrade should be there soon.
be nice if ubs moves off 10. nite and etrade will follow with some hits.
there is a boiler plate statement on the audit in the financials. but if you keep reading under the management disclosure section this part is written in plain english, not lawyer speak, and is new:
The Company has successfully completed its audit of the operating subsidiaries
and is currently completing work on the consolidated financial statements. This
has been a much longer process than expected due to the history of the Company
before current management took control.
please everyone read the entire statement on your own. it is posted to pinksheets for all to see, there is a sticky on the top. take the time to read what was released, then see what people comment on it.
the statement above is also corroborated by private conversations some lucky members have had with prior. whether you believed it then or not here it is above in a financial filing.
dont bother. yesterday it started with
"so why is not one mentioning they are now STOP"
then when we looked into and found out why and said it would go right back to limited it was:
"it does not matter why they are at STOP"
point is, do not look for answers. there are none. just keep refuting with facts and better yet do not do it as a reply. do not even reference the message, just post the answer. it will never be enough
bottom line the reason he put out the unaudited numbers was to correct the stop status. he must have really thought the audit would be done by now hence no filing until the status change. now as a stop gap he put them out. no pr may have very well been to keep this on the down low. if he expects the audit out soon why pr now? makes sense to me.
but again with the holiday this week i do not expect them out until at least next week. also we now have in writing posted to pinksheets what has been 'rumored' to others in private email: the audit is done and statements are near completion. there for all to see.
someone must keep 'newbies' informed of the correct information so they are not overrun by fear, uncertainty, and doubt.
another wise man once told me this...
my bad, i missed the part up on top. still though we do not know how many hours or if this is project work then it may just be prudent to hire to help roll out a new program. if successful part time has a way of turning full if needed.
either way it is a good thing and supports the impending wind turbine project.
attorney letter has nothing to do with limited status and is only needed for current information status.
to be limited you need to subscribe to their service and have financials out within 6 months of a quarter end. that ran out 10/1 hence the change and hance the filing to fix the stop status.
http://www.otcmarkets.com/companiesAndAdvisors/upgrade-otc-tier
status should be back to limited shortly.
more on wind / job posting. here it is for those who did not click the link:
We are An America company shenzhen office. We Wanted:
1, An engineer who specializes in magnets and mainly to work on a project for wind turbines with a team. Must be very competent in design and building of prototypes,
2, also needs to speak english.as well as work as a part time consultant
what it says:
they want an engineer to work on a wind turbine team, forget the specialty.
as for part time, note to also work as a part time consultant. this is not an add for a part time employee.
sounds good to me!
it did say alternative energy remained neutral. the rest refers to this:
Alternative energy sales were significantly better in the second quarter but still
disappointing, the company has not been able to take advantage of and fund
certain projects. The Company has bid a significant number of larger projects
where we are expecting success, but the cycle time to a sale takes a long time. The
Company is focusing its energy and resources on investing in and developing
certain proprietary products for the wind turbine business which the Company
expects to announce soon.
so to dissect, prior said 1q solar was poor but he expected it to get better. this says it did but not as good as he wanted it to.
he said the new shares were to help raise money to grow the business. this speaks to not having the funds to take advantage of opportunities the way he would have liked.
it also says there are more projects being worked on expected to yield good results but taking time, that happens.
we will hear about a wind project soon.
so to sum up, as the economy turns so is business.
yep, not sure if this was a bounce/gap filler or if it was showing new support/consolidation on the 2.15/2.20 level yet though.
either way i see some tough resistance near 2.80/2.90 and if you are a short term holder in this i would be looking out there.
long term there is plenty of time to see if it will break that resistance or hold the 2+ support.
daily says there is some room to move but when combining some other data i am not sure it will break that level on this push. but it does seem that 2.60+ will be danced with again at least short term.
hourly is a bit maxed though so it may pull back first. those looking for in/flip should try closer to 2.40
if 2.50 holds over the next day or 2 that is real strength. otherwise it may even fall to 2.35 tomorrow before turning to bounce back up. current rate the guess is tomorrow is down/flat then thursday pushes again.
ah 1.36 finally breaks! chart looks good for an extended run. only thing short term that may hold it back is pps closed over the top bb today. but the bbs will catch up and expand to make room.
i dont see it going under 1.37/8 except a a possible quick dip. once it clears 1.46 and 1.50 that should give even stronger support. may consolidate again to build strength but should only move up to test 1.65 and 1.80s again.
ok i read it a bit closer. my first guess was off, that statement about next quarter seems boiler plate. the one everyone else picked up on now holds more weight for me. hearing that the audit is done and they are now preparing the statements means it should be out soon. audit takes long, statements should take 3-4 weeks at best. hopefully less due to the time spent in auditing.
the numbers tell a story. tuteman and ist have had a good quarter. 1wc not as good as expected. but not too bad. if we go back in time prior originally thought he would be profitable sometime in 1q 2011. then last report he seemed to think it may happen by end of 3q 2010 which was very exciting. now it sounds like actual profitability will take place somewhere in the middle. either way not bad for a business that started late 1q 2010 if not early 2q.
this quarter was actually a bit worse than last but that was due to 1wc expenses. so this means prior was right last quarter when he said manufacturing would pick up in 2q
as for financing, they said it plain and simple. they wanted to raise 1m from those 500m shares meaning a pps of over .002 (there are expenses etc involved). that did not happen. was more like .001 to .0015 at best meaning just over 500k was raised.
he said they are not looking to do this again yet. hopefully business will move in the direction it is not needed. either way i highly doubt he issues more shares unless he is absolutely sure he can get well over .002 for them. meaning anything under .002 is a great price going forward imo
he also hinted at some other news in the wind turbine area would come out. i forget, what position was that job opening for? coincidence?
basically shows what we thought. he was waiting for the audit to talk to us as requested. there is other news. he is working. this shows that.
why release this and no pr? my thought is still the stop thing. he knew it would happen if no financials by today. he thought releasing this would stop it and wanted to do it low key as he expects the audited version out very soon, that one will be pred. unfortunately they were not out in time or no letter etc. i am sure the audit will be out very soon and status restored if not uplifted.
i am also sure more news will follow and can wait an extra quarter for 1wc to be profitable.
ok financials seem better, be nice if they pr this... format is better too but still not sec and unaudited.
dont like the pink downgrade but that may just be a timing thing. might be a coincidence this was out today and the status changed today. hopefully it will go back to limited once they update. not a big deal in the grand scheme
would of thought they had until the 12th, a year from the last letter, but who knows. sure it will be taken care of
from what i read we will not be seeing the audited report for a bit. unless i mis-read, despite the 'material events' section (which is great news!), before that it said the audit will be for 3q. which means july, aug, sept. and with owvi reporting time means sometime in december if i have to guess...
hopefully i am wrong/mis-read. again not a killer if this is what happens especially since they say it is being wrapped up if not done. maybe it gets released sooner?
also dont like ubs back to 3 bid. do like vndm off the ask. would love to see the day end at 10. 8 is bad. but again this has not filtered through yet.
i want to read this more closely. but basically not bad, just disappointed we have to wait more for the audited version. then again there will be no big numbers to ohh and ahh over as we have just over a year in business.
did i just see what i think i saw? 200k volume premarket bumped vndm back to 10?
i am sure nite will follow quickly if he stays there, but i was hoping to knock him back into the upper tiers of ask when he moved.
ubs still at 6
yep herbster everyone has a right to air their feelings and some concern is warranted in just about every investment. some more than others and its easy to be concerned whenever price is low and accounts show red. i am sure though that you understand the reaction as everyone here is a bit on edge due to some of the posting going on. dont want to speak for stephen but i dont think he meant ill to you and any frustration was transposed onto you.
glad to hear you are holding and looking to make money here with the rest of us.
the question is, if you just came across owvi with the dd that is out there would you feel less worried about holding shares at this price? i am sure we would all be a lot less concerned and frustrated if our averages were 10. either way the money to be made will happen when audit/other news is released. and when it does happen even those in at 40 should make money.
so unless you feel this is not even a good buy at this price (which would mean you think this is a scam etc.) the key is patience. and yes, despite many posts that are made myself included, it is hard at times especially on red closes. just too much evidence this is a real company and as a wise man one said to me (paraphrasing here, memory) 'unless it is a scam, pennies will run eventually'
gl to you, to us all
today was not a good day chart wise. nothing bad really happened, volume was decent compared to the past few weeks and pps stayed in level. no supports were broken, just did not hold/form a channel that could have. so not a good day, but not a bad day. as you say just tiring. which is part of the game in pennys. while news is slow it turns into a game of chicken or patience.
what i do see concerns more of lvl2 than a chart. vndm made his presence felt on friday i believe at 10, today he hit 9. this means someone wants to move some shares. once he is taken out, which may move back up to 10 if so more volume hits the 9 ask, we should go back to the 10 game and possibly have a chance to crack it. nite, who also hit 9 today, i believe is just being opportunistic or working in tandem. either way we are not talking a lot of shares. down days happen. before the last move to 20 this happened, if history repeats we could see a nice break around the 12th.
the potential good i saw today is ubs moved from 3 bid to 6. the higher they bid the better. could go back to 3 tomorrow for all i know but i like ubs with a high bid and they are moving in the right direction.
also remember, chinese holiday this week. we will not have audit, or very much of any china related news, this week.
thanks here too. and exactly lazy. so to sum up:
owvi owns a 60% controlling share of ist.
ist website is in need of updating, no reference has been removed. in fact technically no mention really needs to happen, this was a behind the scenes move more important for owvi than ist.
still believe no pr is because prior does not want to send out a pr until the audit is out.
hearing ist is doing business is a good thing.
speaking of i believe prior mentioned earlier in the year that he thought the solar side would pick up in the second half of the year. financials also showed a lot of accounts receivables. so it sounds like this new development supports what he projected months ago. this is very encouraging imo.
i havent checked their website but as for not issuing a pr i believe that ties into previous discussions. i believe he is not planning to pr until the audit is done so i am sure we will hear about it then.
just another good sign that business is moving forward.
which he also stated in an email to the captain i believe that he does not feel normal business flow is still pr worthy so just shipping an order after announcing the agreement may not be what he considers big enough news to pr. as we have seen the stock gets a lot of selling into prs and that in and of itself would not be a price mover. so perhaps it is for the best it was not, however hearing about it is a nice thing.
have a great trip dang, we will try to hold the fort without you. cant say camping is my first choice but a week being off-line is a great way to decompress.
anytime sir. oh and please correct me if i am wrong, but i went back to check the date you posted. it was the 26th. i assume you went either on or right before that day. if so, wasnt there a national festival in china from the 20th to 26th?
if so, wouldnt that also affect traffic and business? i know i had very little contact from factories i deal with during that time.
extrapolating, and i know this does not excuse or explain the months until 8/15 or all of the time since, lets keep things like this festival in mind. not sure if bt shuts down operations but i am pretty confident saying tuteman and ist would have shut down operations meaning obtaining any answers/information during said time would just not happen.
right now (10/1 through 10/8) is another national holiday in china so again i would not expect any communications and more delay on any chinese based business during this time.
and yes, festivals and holidays pretty much mean the country itself shuts down. if anyone has dealings with china they can attest to this. the people there, well until recent changes have started to be put into place due to new labor protocols, people normally work a good 16+ hours a day 6 days a week. so they take their holidays very seriously.
i can go and back check but i am sure there were other shut down times during the past few months.
hey hagimallis thank you for posting and i hope you did not take my post the wrong way. i was not insinuating you were being dishonest, just using it as an example to make a point about how information is received/perceived on this board based upon what is said, by who, and who comments upon it. hearing more on your background is very helpful, and again the time you took to look into this and share your thoughts was/is very appreciated.
i also agree with your view and from what others have posted, which has not been met with as much acceptance as you words, i also believe prior is laying said groundwork, establishing trust, and building up word of mouth through his current efforts.
also always glad to hear when people are buying! for holding this one i would go further to say anything under .002 is a good place to be. right now i can not argue that under .001 is the place to be but once news eventually hits we should at least go back to saying under .002 is a steal.
looking forward to anything else you can report based on the new schedule and congratulations on the new job! hope it works out well for you
hey guys about the reported volume, i am not saying i do not appreciate or want to discredit any dd but we also have to have faith hagimalis is being honest.
lets note, again not saying he is lying about going or then what he saw but: he has not posted since and he mentioned many times he was angling for a job.
his post said he saw a lot and the place seemed good, as good as others around there. no one tries to get a job at a place not doing business. not sure if he really thought this board was the proper conduit for that goal but if you think you can offer help you try to downplay the company's current status. you say, yes your business is good but not that great and i can make it so.
in other words what i take from his posts are that he saw the location is there, customers are using it, and he thought it was promising enough to want a job there.
also on a related note, kind of funny that all of the other dd that is not straight from the company is met with dis-belief and dis-credit for being through 2nd or 3rd party sources. yet this dd, since it showed a potentially negative view, is taken as gospel.
what if hagimalis was trying to make it look worse than it was since he thought we could help him get a job? what if he really saw 30 transactions, or 300? what if it was 3 US transactions (thats what 23 or so HK transactions) :) (note this, the us/hk thing last was a joke)
point is we dont know and even if it was, as others have said, 1 hour out of 1 week out of 1 month etc. does not paint a picture. we dont know normal traffic at the hour he went. we dont know what time he went. we dont know what other locations offering the same business did. too many blanks.
we do know, if true, that again it exists and is doing business. few pinks that can boast that.
hey joyntster thats great info and thanks for sharing. i am sure they have old shows archived somewhere, hopefully they will have a way to get them to you. being able to post a link or some way for others to hear it would nip any 'you could of faked that email' talk right away.
also before it is touched on i wanted to put out my thoughts on the statement of 'due to lack of marketing budget'. please note i am in marketing so this applies to pretty much any business situation like this not just owvi:
1. brother bruce does not work for 1wc so he does not know their marketing budget
2. brother bruce is running a business and wants to keep paying sponsors no matter what
3. i am guessing prior wants to keep the relationship open so it is common to give excuses why you do not want to continue a service at the present time. again brother bruce, or whoever works his sales department, was playing the part of salesman. we have all have sales calls before...
does this mean he is lying when he says it is successful?
it could, he could say that in case joyntster is covertly doing research to decide whether to advertise so it is in his best interest to say his ads were successful.
on the other side he has no reason to believe that and no reason not to be honest. i mean it is a religious show right? especially if they were interactive ads and he remembers talking about them.
so why would prior stop them then?
hard to say. could be they were not successful. could be he budgeted for them as part of a launch program but did not budget on ongoing activity. this is supported by 'shift to giving away promo items' statement. lack of budget for radio ads does not mean no budget to advertise. perhaps he allocated funds to the new push he is currently involved in as per don. we have not heard direct from the company so we can not confirm yet. then again we did not hear a lack of funds from them either.
to get back on track it could also be it was a success. yes continuing ads always help but once you get the word out and have customers the cost to advertise may not still pay off. the big guys out there advertise to us all the time, especially when there are very similar big competitors and no advantage to using one over the other or the product is just not novel. the other people who advertise a lot are new ideas/products etc. then we are inundated by ads for a while, but over time they stop. does that mean the product failed? sometimes, but most times it just means they now have enough repeat business or public awareness that they do not need to break the bank by advertising.
sorry for the long post, i just wanted to be proactive and share. this (advertising/marketing) happens to be a subject i am pretty well versed on with no research needed.
so while the best news may of been owvi continuing to advertise as it shows more exposure, activity, and ability to budget i am not sure this is bad news. if they needed to continue i would be more inclined to say the first round did not bring in enough interest and now they have to expel more cash. personally i am big fan of promo give-aways. radio is fleeting and most listen without access to a pen so its left to word of mouth. not that it is a bad medium but something tangible that people keep with them is remembered and often turns to a topic of conversation. plus it is very cost effective, especially in busy areas like one world house...
ever get the feeling stocks are like ebay? 'hey what if i bid $2.02 and hope that guy at $2.00 doesnt notice?' then said guy waits for 2 seconds left in the auction and spikes it to $2.03
what a game. how does this relate? 2k down to 9 then 1k back up to 10. nice closing action, nice closing of the week. shame it didnt happen yesterday for a nice closing of the month.
be really really nice to see some 11s next week.
(edited) cool thanks. i see we just upticked and i checked the chart, while weekly it would be great to end at 10 the daily and hourly support a close of 9 sending us into next week not looking bad, or looking good depending on how you want to say it.
and yes i would not be fond of an 8 close but just do not see that in the cards any time soon. come on 10! and over 5m to boot.
really hoping next week sees the end to 8 and a peak at 11.
edit: for next week still seeing the 7th as a potential nice day for us. the weekly line we have been following crosses the last fan line from the recent drop from 20 then. that should free us to move up again. monthly support crosses it on the 12th so there may be games in between.
btw we can cross flat, still a cross for us and a positive that we did not pressure down. then its just a matter of time for when positive pressure starts.
(edited) on pr and ceo contact:
many here have stated many times that news without the financials will not be helpful. now that it seems this message has sunk in with the company lets not get de-railed by worrying that there has been no pr recently.
- we can visit the website to see it has been updated. easy? yes, but not every company bothers to do this.
- locations have been contact via phone and in person showing more have been opened. is traffic low? yes in a small window a viewing, but this is month 5 or so at best for each location. to me any transaction is a good sign.
- we have a link to a job posting at tuteman. no one hires for no reason. (edit)- speaking of, this may relate to the raising of funds to help grow the business. not saying those 500m shares were to pay this salary but you either hire to replace or to grow and needing more people to handle growth is a great sign.
- multiple people have confirmed the same contact and info from prior. coincidence? conspiracy? you be the judge.
there are many pinks that pr a lot, they have high volume too. still many of these have little price movement other than down. we also know prior isnt great on communicating. id be willing to bet he would of put out less pr without alamo's urging.
then there are pinks with no news and low volume which all of a sudden pop. will that happen here? not saying it will, please do not mis-interpret. just making a point. a month or so without news is not a big deal especially with the signs of growth noted above and in many great posts we have had here.
bottom line, yes there have been no prs for a while. yes the audit is taking forever. but we see many signs of business growth that is hard to find with an otc or below. and again, many here (not all, i know some have asked for pr regardless) have stated they did not want to see prs until the audit and that is what we are getting.
and then there was some volume... i missed it, was it all at the ask? big picture 2m isnt much but at current times it makes a nice buy.
be nice to see some bid support stack into eod as well.
20k down, then 1k up. seems like games on both sides of the coin. chart shows the current hour (2 to 3) should end at 9. hopefully the day can end at 10 but we will see. these 8s need to go away
gotta love the games.
in every transaction there is a buyer and a seller. right now there is no pressure to hit the ask. we can not tell who is who in a transaction, could be mms 'selling' to make a market. no way of telling if they are selling real or short shares if this is the case.
even if it is investor 'selling' volume is so small it does not really make an impact either. only if it is shorting is it possible to make an impact, but still minimal.
no the main thing is pps is consolidating and flat, not going down. not going up, but not going down.
the good thing is the hourly chart is waaay oversold. despite bid support leaving, which is did yesterday then ended the day 4 deep at 9, we are due for a turn. prefer not to see 8s but if not today then by monday the 10 game should be back on.
i dont think it will break by then anymore though, new sort term potential target is the 7th. will know more after the week closes out today.
there is nothing wrong just some info left out. prior will be meeting with both general and mayor lim... the two are related. he is growing the relationship started with contact with general lim.
hey has anyone visited this page:
http://1worldcash.net/otherservices_bills.php
speaking of companies that would take issue with that name being associated, or logo being used, if they did not have permission. I know i recognize sprint jumping right out at me as a major US company. big marketing and legal budget there, no one using their logo without permission without fear of consequence.
more importantly for fact checking, anyone here use sprint that want to try calling them and see what they say if you ask if you can pay with 1wc? i use verizon so hard to give a mobile number...
then again, like most companies, i am sure sprint has an international division, if not many, and the US customer service may not be aware of this program as i can only assume it was designed and implemented in a certain market.
what we need is someone in manila
either way, nice site update and impressive list of companies their associated with the program.
doesnt look like 10 is falling today :) but that bid is stacking. sure would be nice to end the day at 10...
would love it if we hit over 5m volume too but a close is a close is a close
(edited) thanks lazy and omm2b, lets take this one day at a time though. today we want a close of 10. that will end the month nicely and should paint a brighter smartscan image going into october.
fridays have been good in the past but next week may be more telling. i see another potential crossing around the 8th as well. we will see.
but again lets close out today and tomorrow as a green month/week then focus on breaking that big bad 10 down. i think we will see a major mood change here when that happens.
edit: check that volume today, over 4m and not even half way through. we know the saying volume precedes price. hopefully all this chart jumbo means the price will be favorable.
either way looking like an over 5m day no? id say interest is a bit over none...
well that just goes to show while most prefer coffee in the morning mms prefer a shake
seriously though the hourly is on a downtrip atm despite the closing ding yesterday. it is near bottomed already so it should be ready to turn by lunchtime.
if we get a close at 10+ again today, no matter the volume, our weekly candle will be green for the second time and showing uptrend starting on that chart and our monthly candle will be a nice green one showing support formed, confirming consolidation, and pointing to next move being up at some point.
very slow with the volume but its starting to line up.
aug 15, that was priors guess. since then he has said in a pr that they are taking longer and will come out when complete.
we also have an email form him to the captain saying much of the same.
there was no 'due' date for this back audit.
as for the 28th, no one ever said here they thought they would be out that day. everyone acknowledged it was a guess on behalf of the company who posted it. the date was labeled 'estimate' not 'confirmed' either way it is a s&p company which is following owvi close enough to even bother.
as for the 27th, no one said there would be a pr. don said prior was going to the phillipines to pr 1wc. that does not necessarily mean press release, more like promote or conduct public relations for 1wc.
i know i did not take it was meaning we would get a pr that day.
not sure what others are learning. i hear many voices saying 1 thing, only 1 or 2 saying the other. i see buys, albeit small, coming in. not sells.
as for dilution, we know where the money went and why. we are slowly seeing results.
do i need to inundate with links again and make a sticky rebutting the 3 or 4 repetitive potentially misleading negative arguments we hear over and over?
i will put that on a to do list for tomorrow. maybe then the constant banter can end and the board can go back to being productive.
thats great lazy. cant speak for the captain but im always interested in hearing more. i will also be happy to simply make a connection if both you and the captain want to email me:
ryall12@hotmail.com
yep and watch how their scan changes come next week when that weekly and monthly low will be behind us. so long as we stay around 10 that is :) but i expect us to keep this up, if not higher, come thrusday when the month ends.
so next week that -30 goes away, probably the -25 too. maybe even the -15 but not sure how they work their scoring.
i dont know, he might have been a little surprised. or rather might not have anticipated the difference in this audit from any previous ones he has been involved in.
lets remember this is also a back audit from the last year. last year owvi purchased tuteman and ist. those were 2 long standing chinese companies.
what does this mean? they have had many years of business being run, and this is a guess here, as chinese owned business. as in who knows what kind of record keeping and accounting practices they used. things are different there.
my point is the auditors most likely could not just start on what the books said from september 09 forward, i am betting they had to back track on how tuteman and ist got to where owvi stepped in. i could not imagine having to dig back through X years of records of a chinese factory.
so yes, he might not have realized just how long this would take.
plus as he said to the captain this is a first time audit. i know he has been involved with audits in the past but if they were not the initial one well future audits tend to go a bit smoother when you have history/relationship to work off of. initial audits can be a bit more time consuming and some aspect or number etc that prior is intimately familiar with may require extra digging by an auditor. its like showing your work in math class. i always lost points for not doing it yet had the right answers, go figure.
bottom line: he might have been caught off guard by how long this is taking but that is not necessarily a bad thing. doing it right and getting it done is all that matters.
still see an impending correction forming.
not that 1m or so shares is 'a lot' int he grand scheme of things but that buy at the ask in the last hour was much more substantial than the paints we had been seeing. i know i saw bid support drop to 8 for a bit there but no ask dropping and volume being brought up, not down, to pps.
its small yes, but a start. not sure we hear anything tomorrow but this week is looking good for a possible start of +10 action. really liking how next week is shaping up chart wise...
yes but the first 2 raises were well documented to be used to purchase tuteman and intersolartech. while we have not had the easiest time researching their customers does anyone think these companies do not exist? do we think owvi did not purchase them?
lets be real here, 2b shares at an average price (and i may be being generous here) or .0015 is 3m. minus costs (i assume a good 10% off the top) and we are talking just over 2.5m
thats a lot of money for me, sure. but to buy 2 companies? and set up 1wc? no.
so unless we are going back to everything is a lie, which we have seen they are not... didnt tuteman just post a job opening? then until proven otherwise, i believe that is how it works in this country, prior said the 500m just added was done to help grow those businesses, not keep owvi afloat.
if money was being raised to 'disappear' i would think expenses etc. on previous reports would be padded, not trimmed down. if its not one way to look at something its another.
and as for transactions, revenue, etc. lets keep in mind 1wc has been live since what april. a good 5 months? so if transactions are slow and cash flow is light well thats how we grow. the point is:
we have locations, customers, and transactions.
(note: alamo this was not all directed at you, just the visible part of the convo for me to reply to :)
forget sells, that was a nice buy no? few more of those and maybe nite/ubs will fall.
(edit) dang- i hear you. either way it is nice to see they are taking the time to do this for owvi. plus it brings even more exposure. sites like that normally tag dates as 'estimated' or 'confirmed' so i agree, but they are normally decently close.
question is, why did they post now and with that date when the last thing we have seen is around 8/15? sites like that dont just go off on a whim....
just confirms something is brewing and we should hear something soon
no i would not think it would be sitting at 10. but stocks do go down when companies fund(dilute) even with good things going for them. the issue is there is no buying pressure at the moment. people are holding so this is not a sinking ship, just waiting.
we have had little communication recently. people are waiting on a report that was mentioned a while back. this is also still in start up so even that report is not going to show 'huge' growth by everyones valuation. most of what is going on is overseas and hard to see and feel by investors, except the blossoming 1wc. that is a big bright spot at the moment.
basically everything is waiting on big anticipation. this is turning into a powder keg just looking for a spark.
as for pps, i dont get 10. before we traded between 22 and 28 so lets say 25 was average. we had 2b shares, thats like a 5m cap. normally changes to share structure effect pps but theoretically should not effect cap much. so 2.5b should see a pps more like 20 now, or between 18 and 22, rather than 10.
i expect a correction soon audit or not.