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Sure hope something is brewing... But I just assumed the price had dropped too much on all the momentum last month and now it's bouncing back a bit. But if the next good news comes as we are climbing it will make things even nicer. And at this point the next good news should be pretty good, getting closer to completion.
Technically it is possible Design1 didn't want their name on the PR but it is just as possible Robert wanted to get the credit for the work, if it was him that did it. Even assuming Design1 didn't carry out the work I'm not sure why they would be so concerned about their name appearing in a PR. Any publicity is good publicity... And saying that they specifically disagree with his findings is making a lot of assumptions. It is possible but far far from proven fact.
Yeah we do need to keep things positive so that new potential investors don't get the wrong impression. At the end of the day we all agree we have something really good here, if not quite perfect.
Yeah... The truth is what we have here is the guy responsible for pushing this thing to completion is the guy who benefits the most if it doesn't pop before November... It is possible they genuinely want to come up with a good product or have hit various problems and they're actually doing their best but you do have to wonder. And while in the past year we have learned some new stuff about the company in general the actual product is still a mystery, almost as much as it was back then.
The last PR was nice and cleared up a good amount of stuff. Another like that but focusing on the product and what stage it is in would be nice. Unfortunately it probably won't happen because of supposed intellectual rights issues. Hopefully the price holds up and we get some news soon.
Ugh, whenever we go up even a little someone whacks it with a 5-10k sell. So annoying... they can't possibly think this is a good time to sell, looking at the last couple of months chart.
Maybe someone really wants that downtrend to continue... Otherwise y would u sell at 3c? You could get double that so easily, it's even been there before.
I'm loving it, almost forgot what green looks like... Fingers crossed it starts a trend.
Let's take it to 0.0325...
Hmm, filled at 319...
Great PR. Very informative. Not 100% good news though.
Good news is they seem to actually listen to the concerns of people on this board. They provided a timeline, clear explanations of where they are in the design/production process, clear explanations of financing options, of available contracts, dealt with the fear of a pps drop once Robert's shares become unrestricted and in general covered pretty much everything we asked for, no exceptions.
Bad news is the timeline seems to have been extend a bit. This may well be because there has been so much negativity over them missing the Q4 10 deadline so now they want to play it safe and give themselves enough time. It is probably a much more realistic timeline. Also, even though it may be until 2012 until actual revenues come in, we will definitely see very good pps increases before then if everything goes well.
The other bad news is the prototype is not yet completed and for the first time ever some of the wording is along the lines of "if" not "when". To me that is by far the biggest worry. No product, everything crashes. However, according to the PR the heat exchanger design is completed, unlike what some posters have stated, all that remains is assembling it together with everything else and getting the Chinese factory to produce it to the specs they now have.
Overall we now have a very clear picture of things and it all hinges on the prototype being completed successfully. Once that happens it will be smooth sailing from there, production, sales, financing, etc are all mostly taken care of. Hopefully now that there is a clear plan in place, as time goes by more and more investors like what they see. I do...
lol Happy Birthday?
Tomorrow is Thursday, maybe a PR in the morning, it does seem to be their favorite day... And it has been 3 weeks or so since the last one. We could sure use it...
Considering how many shares everyone on this board owns together (plus how many more people read without posting) it's not out of the question that the general mood on the board can affect the pps. The market cap isn't in the billions and the volume over the last month when the fall happened hasn't been all that high. So if a relatively small percentage of the shares owned on this board were sold it may well cause a significant drop.
As far as their PRs go I think you are holding them to a standard that is too high for a penny stock. Yeah technically you do have a point, they did fall behind their timeline and they don't really give a complete picture of things but compared to the average pink sheet they have been very transparent and close to their deadlines. And more than once they have said that if it takes longer to develop a great product they will go ahead and do that even if they miss deadlines. Bottom line is they're not perfect but they are way better than the average penny and have way better gains than the average established company. Which is probably why most people are here...
Good to know. That's a good amount of time; even with the normal delays for something like this we should still get a lot of good news by then. Within a month or so things should start to get moving, once the prototype is done.
I think Beer is right on this one, there is no way they have a PR that would make the pps shoot sky-high by February. Even assuming they have something really good and it goes to 10-15c max, in the long run it will always go higher. However, Robert can't sell his shares until some time this summer (fall?) and he has a whole lot of them so it is very possible he may be stalling so that when the pop comes he can take part too, instead of only joining in when the price already stabilized lower. Even with that theory I still think most likely they just fell behind, which was 100% to be expected, and don't have any PR-worthy news yet.
Maybe it is just too much to ask for having a company with a good product, good management, no dilution AND perfect PRs... Or maybe they're simply not that worried about informing investors, especially if they don't need money in the short term. Or maybe like someone said Robert is waiting until he can sell some of his shares before he makes the price pop. Or maybe they don't actually want to promise anything too firmly when the product is not out of the woods yet... Who knows. It's a little frustrating knowing that a lot of good stuff could be happening but we don't know about it and the pps keeps dropping. At the same time it's a really good buying opportunity so for now that's what i'll do... Any non-fluff PR should make it move really nicely.
My thoughts exactly, lots and lots of specific good news here and there but never an overall picture with the current status of things and a clear plan. However, to be fair, it is incredibly rare for a company to actually do that. The blue chips don't because everyone trusts them and doesn't require every detail and the pennies don't because everyone uses a cut and run trading strategy based around individual PRs. WDRP is a very special case of a pink that people actually invest in and stick around waiting for growth. Still, it would be really nice if they gave an overall game plan and timeline every now and again.
I completely agree but that assumes everyone sticks together, plays nice and does their part. I have seen that with DD before but never with bumping the pps up. One big seller would be enough to keep that from working...
If it goes under 0350 I'm buying more, under 0330 even more. Over that not too sure given what the last month looks like...
Was just about to get some of those 330s... Too slow, need an order.
OUCH, that hurt... Some kind of news, timeline, clarification, anything would be pretty nice. Latest PRs have been kind of fluffy.
I got 25k more too, i'm getting crazy deep in this. Hopefully we move up soon. I miss 6c...
How do we know it's just one seller and not people in general getting tired of waiting? Or maybe someone knows something?
Any estimates as to where the current bottom is? We were holding pretty steady above 0480 but not anymore. With any kind of PR I would consider buying more but at the moment it looks like it could drop further.
Also, any guesses on why the drop, since the end of the year passed?
Thanks
Why would they do that right on the day a PR comes out saying it's all good? Why not a couple of days ago when there hadn't been one in forever and people weren't buying?
And my 25k shows as a sell, hmm...
never mind, went green...
Glad I waited to buy more. Got a much better deal. Now lets go back up.
Great PR, exactly what I was looking for. The unit is not finished but I didn't really think it would be this quick. And there isn't a single negative point in there. Well, other than a possible delay but no shock there. The only thing I'm wondering is why the pps isn't jumping more. We aren't even at the high we reached before. I guess it's still early... I think I'll add some more, maybe enough to sell around 20c and make all the rest free shares..
They did say end of Q4 but not sure if they take that as end of Dec or Jan.
That's 2 days... I'd love one for sure. At least we closed over 0480... Hopefully that holds.
Just got 25k more... I'll keep my core position until at least 25c, hopefully a lot more and maybe sell what I bought last few days. Still, I'm in this way deeper than I've ever been in a penny, a PR b4 the holidays would be nice.
I think the engineering firm is doing more than just conducting delta and flowrate tests and building the box. Those things are pretty easy to do and would not take two months. I think they are still tweaking the actual working components inside. It is possible that only very minor things need to be worked out but we don't really know since the one area where they have been very tight-lipped has been what results they have gotten from their prototypes, both before and after the engineering firm got involved.
If it was only a matter of packaging stuff in a box and testing for exact numbers I would feel very comfortable since those things can't really go wrong. But if it is a matter of still working on major components then it could go either way... At this point there is no way I'm getting out, no matter how long they drag it out but it would still be nice to know something.
That wouldn't be such a bad thing... But even without corporate spies and other stuff like that the company still looks good for a penny stock. No matter how much DD has been done nothing at all ever came up that was questionable, no dilution, no pie-in-the-sky product, pretty good with keeping investors informed (until recently), big market with huge potential and so on.
All comes down to the product actually working and being reasonably efficient, even if it isn't groundbreaking. If that happens we know it can be produced fairly easily and cheaply, they have clients lined up, distributors, whole deal. And people will always be heating water so there is really no limit to the possible market size. All down to the product, all down to the next one or two PRs now...
I'm not saying they're not doing anything... I think developing something like this, especially if u aren't the size of GE, is pretty hard and slow to do. And many people expect a finished product in a couple of months after starting development. But yeah, the truth is unless you give people timelines and keep them informed they can lose confidence since this is still a penny stock with a single, as yet unproven, product. Oh well, nothing we can do but wait really... Easy to do since most people are already up big time.
Actually, joking aside, they should give us a time estimate for the next update. I think most ppl would be happier with a PR saying it will take another month or two than with no PR at all for another month or two. I don't have any problem at all with waiting however long it takes, it's the not knowing that I don't like.
I'm still buying anything under 5c so I don't doubt we'll do well, was just wondering what was going on...
Yeah that is very true, they don't need PRs that often but once people get used to them... In the very short term this has been the fourth consecutive red day, which hasn't happened in a while. But yeah, in the longer term people might start anticipating news and buying...
No PR in 7 weeks is a little strange from a company that came out with them every couple of weeks... They didn't seem to prefer waiting to combine more news into one PR, or waiting for big news, wonder what's cooking now. This is the last full week left before the holidays, hopefully they come up with some kind of update, if they wait until January it would be a really long time with no news.
That's true, very impressive. So what's your prediction from here?
Wow, that 0.047 or 0.048 prediction was spot on! Hope the 0.056 eod is too ;)
Hmm, k, got some more. Keeping the million till at least 25c and maybe doing some small trading till then just to pass the time.