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Actually it's not true at all scams generate interest, everyone knows that after the first couple of weeks the boards go completely dark for months and months. This is obviously very different, with the two (supposedly) opposite sides both working pretty hard. I take that as a great sign. Go WDRP.
Which address did you use? I use the inquiries one and so far got nothing. Thank you! Also, would it be possible to share roughly what he said?
That's true, according to them they were supposed to have the unit back ages ago and even have numbers by now. If Design 1st only just got it we might not get numbers before Christmas... And one one hand yes it's true the unit might be very complicated and we don't know what they did etc but on the other they are the ones who specifically said both in the meeting and the PR that it would be done by now...
Until now they have never specifically said they have the physical device ready, are not waiting for any other parts and will release efficiency numbers in the near future. They did have overly optimistic PRs but they were far more general. We know why they are taking so long (working part time with a small budget on a fairly complicated revolutionary product) and we have a good idea of the process they went through to get to this stage. At this point we all know investors are really running out of patience with them so more delays and excuses will only cause the price to tank and everyone to move on.
But at the same time assuming it is not a scam we have never been closer to actually getting results. What I am saying is the best thing to do right now is just tune out all the obvious negativity as well as the unfounded optimism and wait to actually see what they come up with. There is still a very real chance this will pay off very nicely. Within a week or two of news things could turn around dramatically and certain posters will disappear or become the laughing stock of the board. Of course they could also be proven right and we all have to admit there are some question marks here and there. But that is the case with every penny stock out there. The board has lately become far far more negative even though there haven't really been any negative developments with the company recently, quite the contrary. I think at this point the upside easily outweighs the downside.
Nobody agrees with you. Some Canadian regulator with no evidence of anything and without even any direct allegations against the company will not WIPE OUT anything...
We'll have the numbers next week :)
No but seriously, judging by the way the negative repetitive posts have increased exponentially I'd guess things are close to happening. Seen this before plenty of times.
This time they (WDRP) specifically said they would publicize numbers once they have them and once they get the unit back (which they must have by now) there aren't any third parties involved so fewer excuses left.
I'm pretty sure that is what you were saying. At least that is what i understood too. And I agree with you, WDRP will probably pay off for all of us.
Haven't read any posts over the last week, caught up with them this morning and it's sad but it was a waste of time. This board used to be informative and constructive. Now it's just the same old stuff over and over and over... AMF, Dan Ryan, no product in 7 years, AMF, Dan Ryan, no product in 7 years... The longs know better, got worn out and are just keeping quiet.
The only thing that is a real problem right now is the fact that some people apparently can't buy the stock because of the documents mix-up. They really really need to fix that. Everything else, low pps, AMF and whatever else will easily be taken care of once numbers are released. According to their promises that should be around next week but remains to be seen...
Oh, ok, we agree that the company was (potentially) a victim of manipulation. Cause for a long time there your posts made it sound like the company was actually involved directly. Could be misleading. Glad we straightened that out.
work with associates to manipulate the three companies securities, including WDRP.
Very possible he asked for an extension because they are crazy busy with the product launch, testing, manufacturing etc. Just as much proof of that as there is for whatever theory you have... Truth is none of us has any idea, could be a million reasons for it, some good, some bad, some unrelated.
By not have much longer I was saying people won't hang around much longer and give them the benefit of the doubt. I don't think they took far longer than this type of product would normally take with this size company and budget but their promises have been far far off the mark. I wish I meant not much longer as in product is about to come out but unfortunately with them who can tell... My gut feeling is we're very close but I could be completely wrong.
Yes I completely agree with that. Maybe not so much lose interest, not until it plays out one way or another, but definitely lose trust, in a big way. I completely agree they handled things badly, many many times, and they need to make up for it and don't have much longer to bring something to market. But at the end of the day it's part of penny stocks. Some are scams, some are incompetent and never make it, some are unlucky and never make it, or someone makes sure they don't make it. But some do make it and if they make it after messing up repeatedly and running the pps into the ground (which is kind of happening here) it's even better.
It's not a problem there's little info... People just want to pay cents for a company that behaves like one that costs tens or hundreds of $ per share. That's how you make a lot of money, invest in places where there isn't a lot of information laid out in front of you. Once that's the case everyone rushes in and it's not a good deal anymore. Of course that's also how you can lose a lot, the majority of penny stocks go nowhere. All I'm saying is you get what you pay for, if you pay 2c for a share you can't expect blue chip levels of information. Of course we should push for as much as possible but at the same time be realistic and know we invested in a couple people working on something part time, not a huge corporation.
At the moment it's pretty hard to really make an informed decision. It's definitely not an obvious home run or an obvious scam. You have to pretty much follow your gut feeling. Either a lot of people will be very sorry they stayed in or a lot of people will be very sorry they stayed out... Hard to think clearly with as little information as we have now.
I completely agree the waiting sucks and have complained about it plenty of times. The nice thing about stocks is that investing in them is 100% voluntary and there are many degrees of risk and reward and everyone can stick to what they are comfortable with. If you are looking for the big profits you need a strong stomach...
On $3k traded the entire day. Very meaningful yeah...
Don't think we're getting anything till at least thanksgiving, probably a week after that the earliest, realistically speaking. I actually hope we see some dips till then, at these prices even a little spike once they announce numbers could be good money.
It's not really that relevant what happens these days. There's hardly any volume anyway. Even if there was one big buyer and things spiked a bit it would still mean nothing before the product shows up. If they do come up with something and a manufacturer signs up, the pps will be much higher, maybe not 0.10 immediately but 0.05 pretty easily, regardless what it is now. There's plenty of people ready to get in if it looks good.
Based on previous experience you always have to at least double the company's time estimates and quadruple the ones on this board. But things are definitely moving forward and right now they've backed themselves into a corner, there isn't that much more delaying they can do from here. Already they've compromised their ability to raise money by selling stock, with all these delays and PR problems. By the end of this year, maybe january at the very very latest, we will know what's what or at least have a much better idea.
My opinion is this isn't either a scam or something revolutionary and life changing. It will be somewhere inbetween. Despite what some posters try to say there is no evidence this is a scam and if it was they could have played it completely different and made far more money far faster. At the same time, despite what some other posters say, it isn't a game-changing product, or at least not yet, or else Robert would be on it full time and would have manufacturers lined up. Hopefully we know soon. Until then it's silly to talk about either $1 pps or the Hells Angels and the AMF.
“What we have here is a case of market manipulation involving numerous individuals,” it said. “Over the years, their tactic was to promote the securities of some of the corporate respondents in order to pump up the value. They then sold their securities and pocketed the profits generated by the inflated price.”
We all know very well that this whole AMF deal has next to no effect on the pps or on how people feel. If we have a product it won't matter one bit what some powerless Canadian regulator alleges against one contractor. If we don't have a product this will turn out really bad even if the AMF officially clears and praises the company and everyone related to it. Nobody cares about them and their vague report either way.
Oh, no! This supposed great cooperation between the two has resulted is ONE "active case" against one person. Scary indeed. lol...
It's a well know fact that nothing happened to him and nothing will. The AMF is a complete joke and they have nothing on WDRP, just at best a victim of manipulation.
lololol
You do realize there are ways for companies to ESTIMATE what their products will do, based on calculations, computer simulations, previous experience, even just wishful thinking sometimes. To say that anyone claimed to have a complete working unit years ago is ridiculous. Just like claiming they've been working on it for 8 years. Or that you can't trade it anywhere in Canada. Or that the Hell's Angels are involved.
Yep. Once the news starts coming out things will get interesting for sure. But till then we'll probably stick around this level. Can't wait for something to actually happen with this, been waiting forever.
Lol... that was a good laugh... awesome.
Anyway we're all on the same side here. The only people who genuinely believe this is a complete waste of time and a scam are the ones not posting on the board. If only the company hurried a bit we'd all be very happy.
Well ok yes, it can affect the price slightly and in the short term. But if there's no product the AMF deal will make this be 0.0001 instead of 0.0003 and if there is a good product the AMF deal will make it go to 40c instead of 50c or whatever. The difference between 0.0003 and 50c will still be given by the product, not the AMF deal. If this is heading for 50c the AMF's very vague accusations against a contractor of the company won't make it go to 0.000something. Once we have a proven product and we're heading for tens of cents then we can worry about the 10% difference possible AMF accusations can make.
Also, chances are very good that the AMF only named WDRP as a victim of manipulation and as part of a big group of companies and persons. Once they have a proven product and manufacturer, contracts, revenue etc, it is very likely they will not be suspected of being part of a scam anymore and the AMF might even leave them alone alltogether. If they have a product it means they were for real all along making it less likely the AMF even has anything on them. And if they had something definitive against them they would have mentioned it already.
Read my post again. I never said they didn't name him. I said they weren't very specific at all in what accusations they have against him. They named A LOT of people in that report. And we both know they specifically said the computers were seized from completely unrelated companies, not WDRP. Wanderport was never even contacted by the AMF in any way, much less have their stuff searched. Whether you like it or not the AMF will not affect the price in any way.
Doesn't mean everything is rosy right now, it isn't, but the AMF and Hell's Angels and all the Canada crooks that you keep trying to bring up won't make a bit of a difference for the price. It's all about the product and if they have it and how they will deal with finishing, marketing and manufacturing it. Lots that could go wrong, plenty of things to complain about there, if you want.
Thanks Beer. So is this situation going to continue indefinitely? At least things are moving though we don't know anything yet.
Like I said:
IF they actually come up with something specific against Andrew, not just being associated with some people in the past.
IF they come up with anything at all against the company itself, not just one of its contractors.
IF they then have any proof for what they allege.
IF then the verdict goes their way.
IF then they decide to contact the SEC.
IF the SEC agrees to do what the AMF wants.
this is a long list of IFs and it is a very worst case scenario. The odds of this happening are smaller than those of Robert falling on the ice and breaking his neck or something like that. Everyone here knows that. You are the only person on this board ever mentioning the AMF. Even assuming all those IFs happen, that will take years. By that time the product will have dictated what the pps does, either crash or take off. Either way the AMF won't matter in this at all. And we all know that.
I completely agree. Everything with this company happens at an insanely slow pace. Part of it I am sure is because most ppl tend to underestimate how slow it is to get something like this done. The other part, I don't know... Hopefully it is because they are at it part time and have no experience and maybe are a little incompetent. But eventually it will happen. And yes, that's exactly what I was saying that the whole AMF thing is irrelevant, it's all about the product, having a working and competitive one. If we don't have one things will be bad no matter how the AMF deal goes and if we do have one we'll do well no matter what.
Yeah, first the AMF will actually come up with some specific accusations against Andrew. Then they will come up with any accusations at all against WDRP. Then they will prove these accusations. Then the verdict will go their way. Then they will contact the SEC. Then the SEC will actually agree to do what they want. We really have far better things to worry about then this really long pie in the sky scenario.
Pretty much what I was saying ;) Well... I hope at least. Not as sure as I once was but still pretty sure.
Looks like a lot of debating going on and a lot of posting on both sides. That's always a great sign for any stock, that things are about to happen and that people believe in it. Ones that really are scams or obvious failures the board goes dark.
Anyway, now we are so close to the numbers being released that the best thing to do is wait for that and take it from there. Then we will have something to sink our teeth into and speculate on. Hopefully once numbers are out the manufacturer won't be far behind.
I know what you are saying and 100% agree but you are talking like an engineer/scientist when you say under 100% efficiency and they are talking like marketing people when they come up with these figures. The way they calculate them is "different" and it is why many existing units claim 99% efficiency. Even while obeying all the laws of physics the unit can still save money overall at the end of it's lifetime, in all sorts of ways.
The product has never been a finished product, with all the final parts in one place assembled together. If a part is new, even if they've been working with other parts that were 90% identical over the years, you still have to test that the entire thing doesn't leak any water at all and that all the parts, some of which are weeks or days old, fit together. And it's a complicated setup since it has multiple chambers, needs to cool the magnetrons, etc. The pipes are all new too. And since it's electrical even a drop of water leaking can be unpleasant and there's a lot of places where that could happen. Just like a car prototype can have a ton of wind noise or may not be watertight or may have groans and creaks, all of which are removed only once all the mechanical design is completely done and the car is close to production. Yes it is basic stuff but it doesn't mean the product isn't far along.
Come on guys you really look like you are clutching at straws here. First picking on the chart, then the fact Design1st wasn't mentioned specifically by name, then the fact they're making sure it's watertight... Don't worry, the pps won't pop just yet and the company is just incompetent enough to give you better things to complain about in the future, we all know that. Today they did ok, for once.
Oh come on now we're complaining they haven't used some specific type of chart? Something that virtually no company out there releases to the public anyway... They're right not wanting to deal with us if we really are that bad. The only reason they released future plans and rough timelines was because everyone pressured then into it (for good reason, I will admit, they were looking pretty bad) but even giving out that information is more than most companies do. No way would my company, for example, release what customers they are planning to go for, or when they will release future products or anything like that, much less put it in a neat chart. It's ridiculous. I for one am 100% happy with both the website and the PR, as long as things actually happen from now on.
Lol yes, once again we are WRONG! and you are right. Like I said, yes, he worked on it for a while back then with the other guy, Pascal, almost 100% sure part time, since he would not have put 18 months of full time work into this, especially not back then if he won't even do it now. Then they pretty much dropped it completely for years and he got back on the project much later, maybe 3 years ago at most, and again, all part time and alone and with a tiny budget. Everyone on this board knows this very well but new investors might see your posts and actually believe he's been on this full time for 8 years and still has nothing. It would be misleading...
For final production, yeah that sounds about right. If this was a major corporation with a large team and a proper budget it could be far far faster than that but since we're talking WDRP here... But the pps should start climbing much sooner, pretty much as soon as a manufacturer gets involved and honestly I care more about that then someone saving 10-20% on their water heating bills. But once this makes it to shelves we should be doing pretty good here.
Lol we both know they haven't been working on this for 8 years. It was originally pretty much just a concept in 2005 and they've only started working on it again a couple of years ago and even then part time. If new investors come to this board they will actually believe that the guy has been trying for 8 years to get this to work when they hear you say it. That's laughable. And yes, final testing isn't the hard part, having something to test in the first place is what takes most of the time. But don't be scared, the pps isn't shooting up anytime soon :)
As far as putting it together, from what they are saying, all the main parts are there, it's just a matter of final touch-ups here and there so should not take a huge amount of time. Like they said, a few days sounds about right. And same goes for testing, you stick a thermometer on each end, maybe a flowmeter, measure the energy going in and bam... should not take very long. And it's only one unit so far, not a range of models, so faster. Assuming they are already in talks with some manufacturers, at least one, and also keeping in mind they only need to agree to a relatively small number of units, maybe not even setting up a production line, that part should not take forever either, at least not the agreement part. So two months is not unreasonable at all...
Actually producing the units and getting them through UL could be slower. Doesn't have to be but knowing WDRP... I guess time will tell, it'd be nice if they surprised us by beating some timelines for once but even if they don't, as long as it all happens I'll be happy.
Finally they tell us what the plan is. Assuming it's not a scam (unfortunately until recently I didn't have to add that) the plan sounds good and makes sense. Have it all put together in a few days, test it for a few more days, get some numbers, not as good as third party stuff but good enough to get someone to manufacture a few units for them and then send the finished, production line units to UL, instead of some half baked prototype. Still sounds like it will take a pretty long time, by the time they find a manufacturer, actually produce units, have UL look at them, then Energy Star, etc etc but the pps should bounce as soon as someone agrees to manufacture some units, which should be relatively soon, before the end of the year.