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For the most part I agree with you but what's wrong with honesty and transparency? It would not hurt them to use their website to blog about their progress, or to PR once a month or anything at all really. Yes, some people here would attack it but they would attack anything at all so whatever. It would still be far better than not having a clue at all whether they are hard at work on this thing or in Cancun drinking margaritas...
Yeah, I agree that doesn't sound like they really made any progress at all... About to wrap it up and start testing is exactly where they were almost 3 months ago... After they prove they have a working, reasonably efficient unit they are welcome to waste a bit more time figuring out whatever they are figuring out now, what comes after testing, manufacturer etc. But I really hope they aren't going to keep us in the dark for another 6 months while they supposedly "figure things out"... But definitely thanks Z for calling, appreciate it. Did he mention when the next PR will be?
There's a good chance u are right. Something is definitely different in them not PRing for 2.5 months. Could be the big one. If not though...
0 news, 0 volume, 0 posting, sad...
Well yes ok at that time it sounded good. And if a blue chip company released that it would be massive. But i was saying that if WDRP releases something like that right now it would mean exactly nothing, may even hurt the pps.
No, that's just their usual fluff, not actual product completed, no proof, pictures, numbers, third party stuff, nothing. I meant an ACTUAL massive PR.
Exactly, the main problem isn't how long it is taking, it's the way they PR, saying production is just around the corner and then it does not happen for months or years. Oh well, hope you guys are right, I'm holding quite a bit.
Next PR better be massive after all this time. More delays are really not going to fly anymore. On one hand I've said 2-3 years ago when the whole thing started (not 7 or 8 years like some misleadingly say) that most people on this board were too optimistic as far as the timelines they expected. But by now even I was sure we would have a product.
Maybe, but WDRP has a history of dragging things on that's far far longer than this hearing thing... So I wouldn't read that much into it. And yes after 2 full months anything other than full results is an insult but after 3 weeks or a month some update would have been far better than nothing, even if they weren't ready by then.
If they put out a PR saying this particular component broke and this is the reason it took us 2 months to replace it and this is the exact testing we have been doing then ok, I would have less of a problem with it for sure. Yes, some would complain but those people would complain no matter what so might as well ignore them... If they spent this long testing they should have some very rough preliminary numbers or observations or comparisons with existing products or anything at all to throw at us while we wait for the full numbers. It is BS saying that if they release some rough numbers or tell us what part failed this will somehow affect their intellectual property... And their emails, at least any I've seen, are little more than "out of office, we'll get back to you" notices.
Pretty much 2 months since a PR saying "very soon" with absolutely no update or sliver of information of any kind. The product not being ready yet I can live with but having no updates and no answers to emails is pretty hard to excuse. They better be cooking the big one for the next PR because anything other than that and they are done, at least as far as having any investors goes... Sad cause they might actually have something there.
I say it's next month unless we are blessed with earlier than expected results.
Doesn't sound scary enough if you say only a small percentage can be traded and he promised he will restrict them further anyway...
I am far more afraid that they won't come up with a competitive product than that it's an outright scam. If it was a scam they would not have gone for years with 0 dilution and just dragging things on forever. It makes no sense. There isn't even any volume lately, nobody can benefit. There hasn't even been any effort to give themselves a way out saying there is a chance things might not work or some other excuse.
But if at some point they realized that the product isn't competitive that may cause them to desperately try to tweak it for ever and ever, while genuinely hoping to come up with a good product and having the best intentions. I guess time will tell. Unfortunately they've already done a huge amount of damage to investor confidence so any run will not be as big as it could have been.
Andrew may well have done something slightly shady, nobody is disputing that. But not something major or he would be in far far more trouble by now. But he is just an IR guy and a contractor so from there to saying the entire operation is a big scam and there is no product it's a very very long way. And the entire Amyot connection, saying he is directly involved in any way, is bogus... Some are working very very hard here to make the company look as bad as possible which I find funny since the company has been so incompetent that they don't need any help... But that doesn't make then a scam.
Those things don't get updated for years and years. Nobody, no investor, ever spoke to him about the company, everyone always spoke to Andrew. Plenty of people on this board have been in this for over 2 years. In a three man company it's pretty hard to make a fourth person magically appear. He was involved in some minor way at the very beginning when they took over the shell, not after that. And Andrew is probably named by the AMF partly because of this connection with him.
Loool, what?? Where did you pull this webserver thing from? And we all know he never had anything to do with WDRP directly, ever. He just introduced Andrew and Robert years ago, or something like that, I don't remember... Nobody here thinks for one second that he had any part in the company.
That sounds a whole lot like you are guessing... A whole lot. Not to mention that Amyot hasn't been involved with WDRP in any way whatsoever in years and even when he was it was never directly.
They sure are. Big time, world renowned crooks. Luckily we have such powerful organizations as the AMF to protect us from them. And a lot of people on online boards warning us over and over about the danger. So those crooks don't stand a chance :)
Yeah sure but since they are involved in so many scams, all of Canada, including Hells Angels and all, they'll make that small fortune back really fast.
And by the way how do you know they are spending all that money and putting in all that effort?
Don't laugh, one of these days the AMF will actually do something... Any day now... :)
Yes we have all seen the swift decisive action they took against WDRP, which is, as you say, a huge scam. It has been many months and not the tiniest thing has happened since that one report that only made brief mention of one of the company's contractors. The only reason anyone is still talking about it is because it is being brought up like clockwork day after day (well and because the company is giving us nothing else to talk about...). Not because anything at all has happened or will ever happen.
Hehe, nobody here thinks the AMF has any pull anywhere. Some think it may be enough of a scare to shake some weak hands but that's about it.
That said it's about time they gave us at least an update on the heater. More delays can be excused in many cases but no information at all when you are a company this small... Feeds the negativity big time.
The back and forth on this board over the last couple of weeks has been pretty pointless. The positive people have no proof and are being too positive, the negative people have no proof and are being too negative (and transparent...). It's mostly the company's fault for keeping everyone in the dark. All we can do right now is pressure them for information but unfortunately it's not helping much. They may well believe that releasing any information can jeopardize their position in some way but I think very very few investors, if any, actually believe that so it makes the company look like they have nothing.
Having no results more than a month after a PR that makes it sound like things will happen right away maybe can be excused, there can be lots of reasons for that, considering they are a small company, small budget, part time, not particularly experienced etc. But having no update of any kind and almost no communication is a lot harder to live with and a lot more disappointing.
Maybe they are dragging things along and not releasing anything until Robert's shares become unrestricted in March. Maybe they want to take advantage of the spike in pps once they announce the unit is complete and ready. They probably know that they damaged confidence with all the delays so maybe they don't trust that the price will hold up to very high levels for long after the release. Just a guess... Other than that it's hard to see how they can benefit in any way from dragging this on forever with no dilution, almost 0 volume...
WRONG! it's bats with laser eyes, not mice. And they've been doing this for over 7 years. They also control the AMF which cease traded WDRP in all of Canada and convinced the SEC to almost close it down completely. Lol...
Honestly speaking it's hard to blame people for being disappointed and even angry when you release a PR saying we are beginning testing immediately and a month later there is no news whatsoever, not even an update.
Even the posters who say they have spoken to the company share nothing at all... This board used to be really informative, maybe the best I ever saw, lately that has changed 180 degrees.
Just for the record, before certain "7+ years" people jump in, I don't believe it's a scam but they are pretty unprofessional and not particularly concerned about investors. They better not need to sell any new shares later...
We're not arguing about when he FIRST STARTED, we are arguing about HOW LONG HE TOOK... To most people the difference is obvious. And the thing that matters, the thing that tells us if the investment is worth it is the overall amount of time that has been put into the project, not the date someone first looked into the idea. You are right that he looked at it first back then but so what, that means nothing. They have said in no uncertain terms that they started almost from scratch three years ago and that he worked on it part time. He even specifically said that he did not want to work on it full time. Of course you will still claim he worked on it full time for 8 years, probably as soon as tomorrow, but facts are facts...
The AMF hearing WILL be held. Amyot and Barakett will run out of appeals. They must be Desperate in their attempts to suppress information concerning their stock manipulation.
jmo
Lol even says waiting for technical approvals... And like I said when you completely drop something for years you have to do quite a bit of work to catch up to the competition. Plus they wanted to change the design for the new patents. Whichever way you turn it he has not been working on it for 8 years, sorry...
It doesn't say anywhere that the product was finished. There are no efficiency numbers, no energy requirements, no description of the product lineup, nothing. When they got that award the unit was not hooked up to anything ever, no hot water at all was ever claimed, to my knowledge. Maybe they had a very advanced concept at that point that could have been produced but things advanced as far as the competition in the years they did nothing at all so they had to come up with something better. And they also had to change the design to get the other inventor out of the loop and file new patents.
The bottom line is they said in no uncertain terms that they started almost from scratch with the new heater. There is no "4.5 meters of pipe", no two separate outlet sources, it's a different design. So I am sorry, buy you are "WRONG", not me... And regardless how advanced that product was, it still doesn't change the fact that between then and about 2-3 years ago when they started on the new heater he did nothing at all on this project. Whichever way you turn it the claim that he worked on it full time for 8 years is not even in the general are of being true. Nobody would do that... That will not stop you from stating the same thing day after day but it still does not make it true.
No, they did not claim a completed unit back then. It was a concept. They said so themselves, at the meeting among other times. And they also said they did their best to completely redesign everything so that the other person who held the pattern on the old one could not get part of the royalties or claim anything. So they started almost from scratch and Robert worked on it part time for 3 years or so. 3 years part time vs 8 years full time, quite a difference. We have been over this so many times, everyone knows all this, I don't understand why two people just keep claiming the same thing over and over, a fact that can be easily proven wrong... Nobody will ever believe that they have been working on a product full time for 8 years without releasing anything, it's a ridiculous idea.
2.5 years or so, not 7. Your facts are off. You guys have been corrected repeatedly but keep going on about the 7 years. Nobody would even believe the whole 7 year story. Why don't you try for something like 4 years or so, something that makes the company look bad but some investors may actually believe...
That may well have been the first time he ever looked into some form of water heater. That does not mean he took almost 10 years to complete it. If I start to tie my shoelaces, get a phone call, am on the phone for two hours, then finish tying them, does that mean I took two hours to tie my shoelaces? Most people would say no. At the end of the day I successfully did what i set out to do and did it in a reasonable amount of time.
Everyone here knows it was not seven years. They started almost from scratch less then three years ago and for much of that time there was a grand total of one person working on this part time. I think you are confused by the fact they first came up with a prototype in 05 or 06. Easy mistake to make, easily fixable with some actual DD.
I'm not sure, I didn't check it recently. I meant posts here, by our new friends...
This is a great sign. If the price is ticking up before news is even out it will really take off once the cat is out of the bag. I'm excited again... And number of posts increasing is a great sign too ;)
Yeah, everyone would have to be implicated if WDRP was a scam. It's pretty obvious. They wouldn't just spend money on a company that wasn't in on it and didn't provide any meaningful service (since, like our friends allege, there is no product).
7 years and yet we are all still here, waiting and posting. ALL of us... Must not be that big of a trainwreck then.
Same exact guys :) Probably had to delay this hearing to prepare for their own hearing lol.