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As soon as (and if...) there is a finished product and production starts the pps will go up very easily due to the low float. That will make it show up on a lot more people's radars and it will snowball from there. With no product yet you can't expect any pps increase. I think it's done a lot better than expected as it is.
You can't tell people that you have negative information that clearly shows they should not buy but you can't share that information with them. Without proof they will just assume you were short or trying get in at a lower price
25k more @ 0.0149... 50k yesterday, getting there slowly...
They're definitely making progress towards having a name and a timeline. The PR before this one said "coming weeks" and it has been less than a month since that one. If the next one comes in another two weeks then that's six weeks, pretty much as expected. North american company, no claims over the intellectual property etc. sounds good to me!
And as for the engineering firm only designing the enclosure, come on, nobody could really believe that. I said before that there is no way they have the technology to develop the stuff inside but not the know-how to stick it all in a box. Of course the new firm needs to iron out some things and get everything working together.
got 25k more @ 0.0147 and it already moved up. So easy to push up. Miss the sub 1c right about now... Oh well...
I for one am definitely getting my cash lined up. Wish I'd bought more lower down. 600k now but with a good PR I'll consider bumping it closer to 1mil, mayb even more later on. If it eventually hits 10-20c (or $1 ka-ching!) even 3c will be a good entry point.
Doesn't seem like it needs any selling pressure to drop. Maybe we should buy some more... I don't really want to at this point but if that's what it takes... If not, hopefully at 0.7c or 0.8c more people consider it good value and get in.
If their next PR really does have a contract and a timeline in it that should at least stop the bleeding. Best case scenario it could do very well indeed. Problem is that could be as much as a month away and at this rate it will get ugly by then. Hopefully there is enough money watching from the sidelines right now to make it go up once some news hits.
I guess... This assuming the stock takes off instead of rising slowly. WDRP definitely has the potential to take off big time now with all the accumulation once some big news comes out. But from what I've seen until now they won't come up after months of silence to announce the product is 100% ready and going into production. They'll have a PR every time anything at all happens and sometimes even when nothing has happened... So if it sinks to .7c or so and then finally starts its move up, if I manage to get in at 1c or 1.2c or whatever it would still be a lot better than the around 1.6c average I have now. But whatever, that means nothing now, time will tell what happens.
The trend for the last few months is pretty clear... That engineering agreement can't come soon enough. Still think this will make us a lot of money but it's a little annoying to know I could have picked up all those shares a lot cheaper. Oh well, who knew, would have been just as bad to be left out if it took off...
A lot of people, me included, would get into this (or get deeper) once a firm(er) agreement and timeline is in place.
I think there is more work to be done at this point than just fitting the components in the housing. I doubt they would need a separate engineering firm just for that. Things like the magnetron transferring the energy to the water in the best way possible, the controller doing its thing, all the safety concerns both for the temperature and for the microwaves and so on.
That said, after reading the PR again I think there's a lot of good stuff there. At a first quick read it sounded a bit like fluff. Once a company is firmly involved with a schedule in place uncertainty will go down significantly, like someone was saying earlier. And they already have significant interest as well as a plan B with going to Asia. The pps could easily be over 10c by the end of the year since there aren't many shares available. Might not stay there but short bursts to high prices are definitely possible.
Doubt anyone expects that at this point. Doesn't mean $1 isn't technically possible in the longer run, maybe end of next year. Even half that by end of next year would be an amazing investment.
Hopefully once they have a working product some bigger company with more resources gets involved and moves things along faster for production and the rest.
The market agrees with you. If you are in a hurry it isn't good news, things are moving pretty slow. If you don't mind waiting a few more months then it is good (not amazing) news. I for one would consider this a success if it goes to 10c by next spring...
I am wondering how the chosen company will be paid to finalize the prototype. Cash, shares, cut of the profit later, delayed cash?
Overall the PR was positive. If a larger company is willing to get involved it shows the product is real and has potential. That is by far the most important question about WDRP, the rest, production, marketing, sales, they should have no problem with, even if it does take a little longer than planned. However, it would have been nice if they were a little further along by now, maybe some preliminary performance numbers... Anyway, go wdrp!
That's true actually, there was an email (or maybe a phone call...) circulating saying there would be a PR by the middle of this week. But assuming that every email posted here is genuine is not a great idea. Some sound so unofficial and nothing like IR type information.
That said, they are overdue for a PR and their last one did say there would be news soon. wdrp.
Looks like they did release PRs both on a friday and monday before. But I guess this one will be next week because all the ones before were out by 8 15 am or so... As long as it's a good one I can wait few more days.
That's true... And 3 weeks since the last one, they also said one would be coming soon, timing seems about right.
Would it be possible to post that here?
Heh it's funny that if the MMs really did try to shake the tree today it actually had the opposite effect. Everyone saw that what was done by 1.5 mil shares was undone by 100k ones and there was no panic selling at all and everyone seems even more confident now.
It seems unlikely someone wanted out at any price, kind of a weird time to do that, seems more likely someone wanted the price to go down. Maybe some stop losses were triggered in there too... Anyway go WDRP! Now would be a great time for a PR since more people are paying attention.
Yep. And if that email going around last week saying there would be a PR middle of this week is genuine that could be what triggers the run. About time too.
I think if there were serious issues with the testing they wouldn't have been so upbeat in their PRs. But who knows, that's assuming it isn't a scam.
If they had a PR with actual facts for a change I'd be happy to buy more but until then not really. And I think that's how most people feel.
Good news is that it seems super volatile, no shares out there at all so on any good news it won't even need any volume for a big upswing. But same goes for any bad news, if 1.5 mil brought it down 50% a bad PR will take it towards 0.0001 in a blink.
Got 25k but it was already at 0.011. Sure hope i don't regret it.
Yeah, very few people willing to buy at the ask right now so if someone puts out more shares than there are buyers for price drops to crazy low levels where there are buyers.
Hopefully there aren't a lot of people willing to sell so that the opposite happens when a buyer shows up on a good PR (hint hint WDRP, any time now...).
I really wish they came up with a pr already... All the averaging down was for nothing... Still, 1.5 mil isn't that much, not like mass selling.
someone dumped 1.5mil... Hmmm great buying opportunity or things about to go really bad?
What just happened??
That is what all startups and penny stocks do. That is why the risk is far far greater than with a blue chip. But when you draw the line if the upside potential is 100 times (just a random number) that of a large established company and the risk is 10-20 times larger it is technically a much better investment, as long as you are willing to take the risk.
I don't think there's a whole lot they could have said that they didn't say. They want to protect their intellectual property. They can't predict to the day when tweaking will result in a working product. They can't predict what hurdles they'll meet in development. They don't know what their suppliers and partners will do.
As far as taking a long time I for one always expected it. The people that were saying a product will be on the shelves in 2 months at the start of the year were kidding themselves. Same for the ones saying it would reach $1 by the end of the year.
Yes it is very possible we will lose 90% of our investment. It is also possible we will make a lot of money. Bottom line is if you invest in something that sells for 2c a share u can't have the same expectations of safety as someone buying a share for $200. You can't think of it as an investment. It's an expensive lottery ticket with very good chances (by lottery standards).
Yeah that's all true but what I'm saying is that the downtrend over the last few months only brought it down maybe 1c, most of it in the last couple of weeks. It could go up a lot more than 1c on the right news. And not go up but jump up. If it had the volume to do it then it may have it again. And this time with all the accumulation going on it will need far less volume. In hindsight yes of course selling right after the last spike would have obviously been a good idea but the way things are looking now I'm not so sure.
Theoretically the price could jump a whole lot on the right PR (assuming it ever comes). You could save yourself 0.2c by selling at 1.3c and buying at 1.1c or whatever and then lose a whole lot more when it jumps to 5c or more. With no selling and low volume it could. Went to 4c before without being anywhere close to production.
I think if he does he'll have way more than the tiny volume we've seen lately. Any big insider selling would really stick out right now.
I don't understand who could be selling at these prices... If they bought lower, before the spike a few months back, they would have sold long ago since the price hasn't gone up in a looong time and if they waited this long might as well wait a bit longer. And if they bought in higher than this they'd lose a bunch instead of easily doubling their money when some kind of real news comes out. Other than the product not coming to market at all (which was never considered a serious possibility) this is an easy double no matter what price they bought at, with the potential for much much more in the longer run. I might understand not buying more just yet but selling...
1.3 cents... thought it was obvious.
Hmmm I bought 25.000 at 1.3 and see it as a sell cause it made the price drop even though the ask was 1.3... Weird.
I think right now you would only sell if you think chances are very likely the product will not be at all competitive and will not make it to market, not even on a small scale. If they do come up with any kind of reasonably competitive product at all you'll be able to sell at much much better prices, at least 5c, even assuming the price doesn't even stay there for the long run... 1.25c vs 5c in a few months.
Heh I know... Mayb another $50 purchase would bring it back up.
I really think they aren't only doing things on paper. They stated in one of their PRs, one about the patent, that results were not good using a certain configuration for that part but much better using the simpler (patented) version of it. I think there was some talk about them looking for suitable metals too, although not official.
Whether they contraptions they used for testing can be called prototypes is debatable, especially since we don't even know how close to the final product they are. But there has to be practical hands on testing going on by now. There's only so much you can do on paper. At least that's what I got from the info they put out...
I don't think it'll take more than just finishing the product and having all the testing done and passed. It's not the kind of product that fails tests so I'm sure it'll be fine. Obviously actually having a product will make a huge difference for the stock. especially with all the contracts, agreements and stuff. I don't think they even need to get into mass production for the pps to get to 10c. Not many shares, not many people selling, especially once things actually start to move... Once some sales start coming in could be even more.
That's very true. No dilution whatsoever. And they aren't showing off prototypes or putting out early numbers, which they could do to pump the price.
Still, I really don't get why this PR didn't move the PPS up at all. I expected at least something, they addressed a lot of stuff. And nobody cared... I think as far as this going to $1 next few months... 10c is more likely.