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I believe Eric is pretty straight and honest with the occasional stretch (spin) on expectations which seems to have always come back on him. I think that's why we see a much more conservative Eric in what he presents in financials and for the most part, the blog.
Agreed that financials should only be trusted to the extent that they are verified. As to your statement below, any company even with audited financials can paint whatever picture they want in financials. It's all how you spin the numbers.
Just because financials are not audited does not mean that they are not real. Question is how much do you trust the financials being presented without being audited. I believe WNBD has been trustworthy in their presentation of the financing and have know reason to believe otherwise. If it was otherwise, I don't think we would be having half the discussions about R/S and survival of the company since the bad is presented right along with the good.
Chin is up! .0004 getting hit today. You only show .0003s in your post. My math may be rusty but I believe 4 is greater than 3.
I find myself in the same place. Love to get a few more cheapies but higher PPS looks nice for the portfolio. I'll stick with .0005 since it's year end and things are winding down. Though if Eric gives us some big news as a Christmas present that sends the PPS higher I wouldn't I wouldn't turn it down.
Trend looks to be getting friendlier every day. The shares on the ask is also relatively low compared to the wall of shares @ 3 that got blasted through recently. 5s by year end???
Agreed :) As some posters here would say, it's a reflection of how WNBDs is doing as a company and a stock....
I'll buy 2's. Problem is that no one is willing to sell WNBD at the 2s lately. This stock is starting trend upward so I'll likely won't get my 2s filled but that's ok. I win anyway. Got shares already but can always use some more cheapies...
Obviously others are disagreeing with you point of view since quite a few WNBD shares have been chewed through in the upward direction lately. And these votes of confidence are made with cash.
.0004s getting hit again...
Go for it. Seems pretty high risk to short WNBD at this stage in the game though IMO...
WOW.. 7 years of blogs! I must of of missed the first 4 to 5 years of blogs somehow. Can you forward me the those first 4 or 5 years of blogs so I can catch up ;)
WNBD 34 on most read board
WNBD 20th on the breakout board list.
If you're right, I'll be able to pick up more shares on a pull-back for the future gains. If you're wrong, then I'm also already fueled for lift-off of the stock. Win-win :)
In think you captured it Taki. Most believe that WNBD is worth more that it's market cap reflects today. Add financing and a consistent trend of adding stores and sales outlets, this could take-off anytime.
My rocket is fueled but there is always room for more if someone disagrees and wants to unload some of their fuel.
Welcome back Taki... GLTY
More bytes being taking out of the 4's. Someone obviously doesn't want to miss out.
Someones definitely interested. 4's are up again... :)
Guess I'm probably not going to get my 2's :(
Don't remember saying anything about going to the moon but there's always someone willing to sell and buy at sometimes ridiculous prices...
Nice! Haven't touched the 4's for awhile. Signs of things to come?
BTW. If anyone truly thinks WNBD is going south, I will gladly take their shares off their hands @ 2's and 1's. Somehow I don't think I'll get much though. Too bad some of the pessimistic peeps that make the most noise don't have shares to sell me.
GO WNBD....
How would a R/S benefit the 2nd crop of shareholders either? The company would get limited benefit from discounted shares diluted. Given the current state of cashflow and revenue growth, the shares would immediately spiral downward upon a R/S after exodus of current shareholders and attack by shorters. "If" a R/S is to ever happen, it would be better to occur after the company has a proven trend of revenues going upward at a significant pace. There is trend upward, but it needs to be much greater that it is now.
Following stocks like WNBD are interesting and can see the fascination even for one not invested. I follow a few other stock myself that I am not currently invested.
As far as your statement. This could be said of the pessimistic few also.
No disagreement except for likelihood for a R/S. Most of your points such as re-ordering and possible loss of accounts would need to be answered by Eric. I think Eric would rather take the company private than R/S. R/S just has no benefit to anyone including the company.
Agreed. And friendly financing may not happen. As far as losing money, WNBD has yet to pass the threshold of making a profit though they are making progress towards that goal. Question is will they make it before having to turn out the lights? Some believe no, some believe yes. I have a limited bet on yes. I like the continued diligence by WNBD to reduce cost while still expanding the number of points of sale for there product and the resourcefulness that WNBD had displayed to keep operations running without dilution and financing.
Thanks Tiburon. I appreciate your diligence.
FACT: R/S hasn't happened.
IMO, as more accounts are continue getting added, likelihood of R/S gets less likely not more.
How long have you guys been talking about R/S? 3 to 4 years? Still hasn't happened and I don't think it will happen until WNBD is ready to uplist. R/S does not benefit any investors, only the traders looking to short this stock further into oblivion so I don't think WNBD is seeing R/S as a viable option for this company at this time unless it's ready to turn out its lights.
You wouldn't be implying that someone is trying to manipulate WNBD's stock by trading small amounts to paint the pps one way or the other would? LOL
Don't worry. Daily average is over 5 million traded though that's still small given the size of the float.
Check out last qtrs financials if you haven't already. There's a mention of the possibility of a partial NA launch of 500 store in the spring with an NA WNBD has already been testing with. Many suspect it is Lowes since they were doing 3 test stores in Ohio. Or it could be Home Depot since they have been selling WNBD product online.
The data points and financials I've been looking at point to the opposite conclusion. Love your statement. Says it all about your conclusion:
Not a bad conclusion if WNBD was dead in the water. But WNBD is still expanding and is far from dead. I see this as 6 years closer to establishing the products in 10s of thousands of stores as well as a bottom with lots of upside given the activity going on within the WNBD even with limited resources currently. Two conclusions looking at the same data. Depends on which side you think has better odds. Either one has a likelihood. Jury is still out on the outcome but current activity is getting lively.
As a few of you remind us, WNBD is a penny stock not a big board stock. Thus, this is a purely an extremely high risk, long shot, speculative play by most longs here and they understand what they have and the possibilities. Not investing in a day trade. This stock is one that will and has taken time to mature and still very much has a good chance of dying on the vine. No rose colored glasses here.
I also trade the big board stocks mainly BTW which, I agree, is where less risky returns can be made. WNBD is the one exception I have. I like the company, the product, and the possibilities....
As a shareholder, I am comfortable with the blog method of information flow at this point in the history of the stock. Keeps me informed on what's going on with low cost impact to the company. Later, PRs may become more warranted.
If you're not a shareholder and have no interest in becoming a shareholder in WNBD then whatever method of information transfer shouldn't matter. Either way, you do know about the blog and are just as informed as anyone else publicly to make your own conclusions. I believe because shareholders are so informed that you don't see the big swings in PPS. Shareholders know what should and should not impact the PPS that make it worth making their trades.
1) 500 NA store per financials
- no pps impact until deal inked IMO
2) DIB stores added
- nice but doesn't impact revenues dramatically, thus no/limited pps impact
3) Friendly financing
- no pps impact until deal inked
4) No dilution for 6 months
- pps impact is that the pps isn't driven into no bid and R/S. PPS impacted by trader supply and demand.
etc....
.0002s are the going price and have been for awhile
Someone bought the 35 million shares at .0001. That is a fact and was printed on the ticker. What they did afterwords is speculation but it was quite a coincidence that an active pumping campaign by traders went on right after the purchase. I suspect the buyer has made his profit on the sell of the shares and moved on while still watching for another similar opportunity. Kudos to the buyer for great trade and profit.
With the information you clearly point I'd still have to say we are well informed. Each of us can draw our own conclusions as you have.
And your point? Seems that shareholders are being kept well informed...
Is that over 6 months of no share dilution now? or is it more?
No dilution and, from the posts, WNBD is expanding into to new points of sale (PoS) as well as receiving unsolicited inquiries for product.
Go WNBDs....
1) No where have I ever said I've gotten any .0001s. That's only wishful thinking on my part. Wish I was so lucky cause I know for the most part, except for ~35 million traded, the .0001s have been nothing but red paint of a few thousand.
2) The someone(s) that did get the ~35 million obviously felt it was worth their while and flipped quickly IMO for ~3.5 thousand or more depending if they sold 2s or 3s. Not bad for a weeks work.
3) Don't know of anyone on this board that has claimed to have gotten any .0001s but by the post traffic and pumping of the WNBD stock I think you can figure out who got their hands on the shares.