Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed, demoted to 2nd grade status now. These people are complete idiots...
I don't know who is running the show, but it sounds like BBRD (Pedder and/or Rector) are. If they used Naccarato for the Reverse Split (who they used before), then that had to have come from Pedder.
Haven't seen or heard anything from WERPO. Only crap PRs from BBRD (via Etelegis). I think they're still running the publicly traded portion of the biz.
This is ridiculous. Every lead I follow is like smoke and mirrors.
UPDATE - Spoke to Legal Counsel Owen Naccarato
Owen was NOT used for the reverse merger. He WAS used for this most recent reverse split. And NO news or PRs go through him at all.
Any ideas guys? Seems like they using a different law firm in Canada?
Hi Steven, I've never communicated with Pedder or Rector. From what I'm gathering it seems like they're still in control. An email response from Israel Enden stated that BBRD's Canadian Lawfirm controls and sends the PRs.
Would you mind trying to reach out to Pedder or Rector and shed some light on what is going on?
None of this is making much sense. Why would someone's legal counsel control the PRs? Why would Israel not know their company's legal counsel?
They're definitely still working with BBRD's management. I asked WERPO if they are using Naccarato & Associates as their legal counsel and the reply was
2nd Response from Israel Enden
I asked for an update on the PR.
Received a response from Israel Enden
BBRD Share Structure - 11/12/14 - Unchanged
A/S - 900,000,000
O/S - 514,500,021
Previous O/S on 11/10/14 - 34,500,021
No amendments submitted to change the A/S.
I will continue to update each day with the latest O/S and A/S.
No information of Restricted Shares is provided by the Transfer Agent
Anyone who wants to file an SEC complaint to the SEC, here's the link
File SEC Complaint
These people are incredible... they have no remorse for what they're doing to shareholders.
Was that you who sold at .035 and .03 Chiron? Good luck out there.
Will do Boomer, but I wouldn't expect this specific TA to tell us. They won't even provide the float for any of their stocks.
BID at .032 and ASK at .065. The float still seems low even with the selling pressure yesterday.
LOL!! It sucks that we have still have to speculate after months of waiting.
I hope I'm wrong, but they could possibly be giving restricted shares to the BOD and WERPO team to compensate them for their low salaries? Any thoughts on this?
I mean... if they did this massive O/S change for financing why won't they just come out, state it, and have the PPS start moving up? I don't understand the silence and silence to me typically means bad.
Exactly gsmith. They're turning loyal supporters into enemies. I don't mind the R/S and the O/S increase as long as they are transparent about it. Don't take my money, make these crazy share structure decisions, and not inform anyone about anything.
If the O/S increase is to dilute, there's no one around to buy up those extra shares! Worst pump and dump dilution plan of all time.
There are very few plans that will bring us back to profitability. I've waited this long, I'll wait just a little longer for the explanation that we deserve. This sh*t better be good...
Thanks Steven. It's hard to see or think straight today. We have officially confirmed that whoever is running the show at BBRDD has a complete lack of respect for shareholders. The lack of PRs at key times, canned communications, R/S surprise, and then the mother load of O/S increases is dumped on us, again by surprise.
I really hope they have a plan because the antics they're pulling points either to a scam or to funding/financing. I'm sure SEC complaints have already been filed, and I'll do the same if we keep seeing this ship go down without explanation.
If their plan was to steal investor money and hold us captive for 4 years while they recoup our losses, then that is the worst and most idiotic plan of all time. This stock will go to no bid, and I'll stay back when this board becomes deserted to make sure misled wandering investors stay far away from WERPO.
It's an absolute shame. This board was and is awesome. The investors here held it together, supported each other, did endless hours of DD. That's what makes me so much more upset. The amount of effort poured in to support these idiots is a tragedy.
I hope I'm wrong. I hope we can recoup some losses. If they continue to treat us like this and keep us in the dark I will do everything I can to make sure they are investigated and sued.
LMAO!! You guys are hilarious!
With the BS that they pulled, I don't blame them for their religious observances. They're going to need a metric sh*t ton of forgiveness for their actions.
And to think... if only they had changed their company name, this would have turned out well.
No response and haven't gotten one since last week. I think that's the theme here from what everyone is posting. They went dark on us and my last response was from WERPO was on November 7th.
I'm pretty sure news is due soon. You can't make these massive changes and not update shareholders. I wouldn't be surprised though if we hear nothing, but I notified Israel of WERPO's OTC Pink requirements to notify shareholders or expect an SEC Investigation.
Hey Steven, I guess my stubborn self will be joining you now. In all of the research and communications we did (you with BBRD and me with WERPO/SDE), I truly believed that they had a solid plan to make good on the projects that multiple countries were signed up for.
With the reverse split, all shareholders left in darkness, and now the extreme O/S increase, it definitely seems that I was very wrong.
To answer your questions:
1) I believe it was explained or mentioned that the Israeli government was full of politics and that the traditional energy companies were always going to win over his technology. Could this have been a lie, yes possibly.
2) I don't understand the wide spread. There were massive sells today at the bid and the bid didn't really drop much, but held at .03. It seems like the float is still tight for now, but we won't know what the float will be anymore.
3) With regards to the financing. If they're legit, that's what they're currently looking for. I don't know if they have received any funding yet and I doubt it.
We had a pretty solid team TP and I would trade again with you guys anytime. To me this was the last straw. I was okay with the reverse split and us being in the dark for so long. I had plenty of patience.
To pull a massive 480 million share increase in the O/S in insane. I do hope it is restricted, but I think the momentum is long gone.
Who ever came up with their post merger game plan is an idiot. You can't raise money from a stock that no one is buying no matter how much you try to modify the share structure.
The worst part is that we're pretty much stuck either holding or selling our shares for next to nothing.
All the effort, DD, and emailing was for nothing. They didn't listen and I think they will fail if they don't explain themselves immediately.
When your strongest supporters and believers turn against you, what else do you have left? I'll stay on this board even if my shares dilute to nothing to try and save new investors from making the wrong choice here.
Ah I see, yeah the share structure before the R/S was
A/S 900,000,000
O/S 690,000,000
The reason most of the longs held through the R/S is that there were previously no actions that increased the O/S. Now we're pretty close to the original O/S with 1/20th of the previous shares.
Ridiculous...
Yeah, it was
A/S - 900,000,000
O/S - 34,500,021
Now it is
A/S - 900,000,000
O/S - 514,500,021
An increase of 480 million shares. The PPS and trading action today doesn't seem to show an increase in the float, at least not yet. The crap part is that we can't tell anymore until we find out exactly how those 480 million shares were distributed and what restrictions it has if any.
I've sent emails out to WERPO requesting that Ovadia reads it personally. There were no kind words whatsoever.
Looks like someone or the MMs painted it up with 100 shares to .06 ($6.00). The triple bottom still holds, but I don't think we see that tomorrow. I think the triple bottom now becomes strong resistance. It will take quite a bit to break through the .08 barrier.
There was also a T-Trade for 213,850 at .0366. Before we knew the float and the O/S. Now we only know the O/S and can't confirm dilution of any sort.
So much promise... What a complete waste of time and money now.
I doubt we'll get an update. The management team has yet to fill us in on anything since the merger. We've been having to dig deep to put together clues and assumptions and then they drop a massive O/S bomb on us. WTF!
With the amount of shares dumped on the BID I don't get how it hasn't dropped below .03. Maybe the float is unchanged, but now we have ZERO idea of what the float is currently and in the future.
Triple Bottom support has been broken, but shares are worthless so I don't know who is willing to sell until we hear something. When will that happen? I don't know.
Reading through the OTC Pink Reporting Requirements it looks like if they issued shares to anyone, they will need to report it within 4 business days.
In their quarterly and annual financial reports the company is forced to disclose any entity that controls over 10% of the shares. I would say 500 million is over 10%.
www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=126781
Not that this matters much, but I think we find out WTF is going on Monday next week.
Hi Lubberboy, I call BBRD/WERPO's Transfer Agent on a daily basis every morning around 9am PST and request what the share structure is. Today was a shock to me so I called twice and got two different people that stated the same thing.
Holladay Stock Transfer
Transfer Agent
2939 N. 67th Place
Scottsdale, AZ 85251
480-481-3940
Feel free to call yourself and confirm. Maybe they got it wrong twice, but I doubt it.
I'll keep calling every day and keep everyone posted.
Jack or anyone else, do you know if they are required to report any changes with regards to shares given/distributed? Let's say they gave the shares to themselves or to another entity, would they be required to report this via the OTC Pink requirements below?
• Entry or Termination of a Material Definitive Agreement
• Completion of Acquisition or Disposition of Assets, Including but not Limited to mergers
• Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of an Issuer
• Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
• Costs Associated with Exit or Disposal Activities
• Material Impairments
• Sales of Equity Securities
• Material Modification to Rights of Security Holders
• Changes in Issuer's Certifying Accountant
• Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
• Changes in Control of Issuer
• Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
• Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
• Amendments to the Issuer's Code of Ethics, or Waiver of a Provision of the Code of Ethics
• Other events the issuer considers to be of importance
Attention - PLEASE READ IMMEDIATELY!
BBRD Share Structure - 11/11/14 - CHANGED
A/S - 900,000,000
O/S - 514,500,021
Previous O/S - 34,500,21
I will continue to update each day with the latest O/S and A/S.
I haven't sold a single share. I written to WERPO asking why. I know this post will tank the stock. Not much I can do and I'm sorry to everyone on this team.
I truly hope it is from a financing deal, but regardless this stock will fall until any news comes out.
BBRD WERPO
Just slapped 8000 shares at the ASK. I think it is only a matter of time before this takes off and we get a PR. This is an accumulation zone for me.
BBRD WERPO
BBRD Share Structure - 11/10/14 - Unchanged
A/S - 900,000,000
O/S - 34,500,021
No amendments submitted to change the A/S.
BBRD Profile Amendments
I will continue to update each day with the latest O/S and A/S.
Again, keeping the A/S the same at 900 million is not a bad thing. It is only bad when the O/S starts increasing consistently and/or in large quantities. There has been no changes to either the A/S or O/S.
BBRD WERPO
Makes sense. I also don't think WERPO sues them until they are settled on their priorities (projects, financing, and sales).
Also it doesn't look like Eco Wave has any projects yet. They're looking for financing too.
If Eco Wave gets financed, they'll get slapped with a lawsuit quickly.
That would be something! A massive energy company scooping up WERPO. I think a few financing deals and projects under their belt and WERPO gets acquired.
We're all anxious, but in the long run looking back, we are at the infancy stage of WERPO. Unfortunately this is a very important make it or break it time for them.
I think this is why they needed the split and are staying hush hush right now. Something big coming...
Hang tight team. Relax or spend some quality time away from work or stocks. Recharge those batteries. It does wonders!
LOL!! That's awesome, you'll have to make a trip out here when this blows up. Love all of Trejo's characters. I remember him recently as Tortuga in Breaking Bad!
It's hot for us this weekend in SoCal. Had a picnic at the beach with the fam. Saw some perfect waves for WERPO, constant and not overwhelming.
I just can't see the underwater technology taking off. Energy needs to be efficient, cheap, and easy to fix. The countries that really need wave energy can't afford to risk it on expensive underwater technology.
BBRD WERPO
Dank, hung out in Malibu today. It's too hot this weekend to be anywhere else but the beach.
I don't think WERPO is meant for Malibu or Santa Monica. The multi million dollar houses and view won't allow it.
Millions of miles of other coastline though!
My thoughts exactly Chiron. We are at triple bottom support, but without news and being left in the dark about the R/S we could fall below the support line.
I would say the next two weeks are very important for the stock.
I'm not asking for groundbreaking news, although that would be awesome. I just want any news, even an explanation on the R/S.
I'm going to email again one more time to stress the importance. I know many don't like the emails, but I'm curious why. Look at where the stock price is.
I emailed them a couple times when we were near the wedge pattern apex. No news came and we tanked hard when the ascending support line broke.
WERPO needs to know we need news ASAP. If they have good news then they need to split it up into multiple PRs and ride the momo train!
Many think they are incompetent when it comes to being publicly traded. I'm happy to help them with suggestions.
R/S caused a panic sell and we landed at strong support. Most sold thinking scam, but there's no logic backing that up. Logic points to the opposite actually, and I hope we're right.
Keep up the good vibes TP! It is much needed and appreciated. This board needs to "think happy thoughts" per our old friend Robin Williams.
Exactly gsmith, too many questions unanswered. They did recently complete their reverse merger, but I wish they had more lined up and ready to rock to take advantage of the momentum.
I doubt many, if any, will sell now at this level. Solid support here with a triple bottom in place.
We just need that delicious news. That one financing deal. Something that tells us revenues are in place.
Patience team, just look at what happened when BBRD was at this level the last two times.
BBRD WERPO
I agree, especially when WERPO just completed their merger around a month ago.
Most or all of us are in the red. If anyone sells, then that's fine with me. I'm waiting for an R/S explanation, current plans and future initiatives.
I would sell if I felt like we were being scammed. If the O/S kept increasing or there was pump and dump action going on.
Chart is holding at the triple bottom. Last couple times we were here news came out and we climbed to 52 week highs.
BBRD WERPO
Nice whento! Canned responses are still responses. We can all agree that a PR is due so next week would be a good time.
Spread is tightening, most brokerage firms have new shares. Looks like everyone who held is going to hold until BBRD marches back up.
Let's see this small float in action soon!
BBRD WERPO
Keep holding strong Dank and team! MMs moving the price up and down. Notice the BID moving up to .045 now and the range tightening up?
Once we get volume after news this should move up very quickly. A single finance deal should handle that.
Even without an explanation yet, the clues point toward getting financed more than anything else.
Full trading not in effect through all brokers yet (Etrade always lags). Let's hope for news and a strong run next week.
BBRD WERPO
Does anyone on this board listen to anything Nio says?
No dilution before, no dilution now.
Financials aren't required until 90 days from 10/31. That's when BBRD's annual filing is due.
No 8K required for OTC Pink.
Quit the lies and nonsense.
The trades in the .02 area are MM's trying to restructure. You can see the BID move up a little bit.
Hang in there team! No reason to sell at this point as 100% of us would be selling at a decent to massive loss.
WERPO is still responding to emails and we're going to see news soon enough. If we don't see news you can still sell at this same low levels.
The chart is holding at the proper price point, triple bottom and strong support.
I'll be away from the action today, but watching the boards. Have a great Friday and weekend everyone!!
BBRD WERPO
I'm pretty sure one is coming, but don't think it will be today and I'm hoping for early next week.
All of my email responses have been some short version of "thanks". Even the interview article was a thanks and the interview link. I understand that they are tight lipped right now and it has to do with the upcoming PR.
Not at all Zaadx, people on this board need to be honest and not sugarcoat. Your response is spot on.
No cheerleading until we're moving in a positive direction. Some nice news or explanation would be a good start.
I'd rather news hits on Monday. I got a canned response from Israel saying thanks, I'll reach out to Ori today.