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I guess it's a matter of interpretation. I was never under the impression there are finished prototypes ready to be sent for testing and I follow the board pretty closely. I guess if someone said that they were wrong.
And you can heat water if you just rip out the magnetron from a $40 microwave and stick it in a funnel type thing. Pretty sure they tried something that involves water seeing how they are supposed to build a water heater...
I don't think they ever said they have a working prototype ready for testing. They are still fiddling with the components. Most likely have som frankenstein type thing wired up but nothing final. It's easy to knock down information you came up with yourself pretending it came from them.
They must have heated water since it is part of testing the heat transfer new patent thinghy and the magnetron... Anyway heating some water isn't a big deal, everyone knows it can be done with a microwave oven. Doing it competitively, safely and economically is a whole other story. Being so impatient is like expecting an ipod to be designed from scratch in a month.
Sounds good to me! And it's exactly what the reasonable people have been saying all along on this board.
Most people would try to get the answers before they get plenty of stock, not after.
Exactly, well said. No flipping going on, no dilution, no price jumps. Obviously there are real risks involved, since there is only one (as yet unproven...) product the company is relying on. But overall pinkies don't get any safer than this. If they do they aren't pinkies anymore.
Assuming the email is genuine I don't understand why they would have a problem with their responses becoming public. If it is not public it must be insider trading...
Really, why would he not like the board?
They got investors used to PRs every couple weeks and lately have been quiet. And no numbers at all, ever. But it's really tiny volume, under $1k traded for whole day, not many sellers.
As far as the components go I guess one of them turned out needed to be redesigned. But I'm sure the contract to produce it remains the same, only technical details are changed. I don't think they imagined every single component would be exactly as it was at that stage.
And technically they did built "pre-launch" units a while ago, some time during this testing that's been going on a while. Possibly not long after that PR. They need to keep tweaking those units to get them to perform better, be smaller and so on.
The truth is it would be nice if they came up with ANY numbers at all, even if they aren't great yet but most companies only release PRs when they have good stuff to say and finished products. So the numbers may well be improving but we don't know it. If the numbers were really disastrous they hopefully would not release these super-optimistic PRs.
I don't think this is the kind of thing where they can really have a "schedule". Whenever it does what they want it to do that's when it's done. Best case scenario tomorrow they get lucky. Worst case never. From there it goes into certification, production, shipping etc and that is probably much easier to predict. But R&D not so much.
And yes one of their PRs said ready for mass production but that was just the title, if you read the whole thing you could easily interpret it as ready for production as far as the components are concerned. At that point everyone knew they hadn't built anything or at least they hadn't announced they had.
That is all very true and I agree. But to me, and presumably to most investors here, this company already does (appear to) stand above the rest. Many, most, pinks have very little in terms of contracts, product development and even transparency. WDRP has done a lot better. Other than the actual finished working product (yes it is kind of important i admit...) they seem to have their ducks in a row. And the product is not some pie in the sky medical product that usually fails tests or some space shuttle, it is fairly straight-forward technology, but not so simple that there can't be much profit. In case it is a scam at the very least it's the best I've ever seen.
I don't think that's the case at all. Whenever you have 3 options they aren't equally likely by definition. I don't think the company did anything so far that can be called shady. Some have interpreted the PRs to mean a product would be already here and yes, maybe they underestimated the development time needed but other than that...
There are always options A) They are incompetent and will not be able to come up with a competitive product and B) It is a scam. And this is true of all penny stocks, if those options weren't there this would be worth 10, 20, 100 times more. It's just the way it is.
It seems a lot more likely that option C) is the case here, they are just taking a little longer than they planned but not even that long for a product like this. They aren't developing a can opener or toilet plunger. Even if the electronics aren't insanely complicated managing the microwaves, producing something that will last years, making it safe, economical etc etc etc when it has NEVER been done before can't possibly be done in a couple weeks. If they need a new material or component to be fabricated that alone could take 2 weeks to obtain, weeks in which worse case scenario they are held back doing almost nothing.
Apple doesn't come up with a new iphone every month for a reason, and there have been plenty of phones built before...
A PR with some numbers in it would really hit the spot right now. I'd rather buy more at .02 or .025 knowing the product (at least sort of) works than at 0.015 with no numbers and no idea...
On one hand I think it makes sense to start with the safety testing with any product and they seem to be doing a fairly thorough job which is nice. On the other hand it's true they are taking forever to release meaningful numbers. But I guess putting together a piece of technology that needs to be compact, safe for thousands of (not necessarily very bright) people, efficient, easy to manufacture etc etc isn't that easy. And they aren't exactly GE, still a small company, not a lot of experience. Doesn't mean it won't work as promised...
Actually I agree that at this point it doesn't look like they will be substantially more efficient than an electric tankless, if at all. But if efficiency is similar and there are some small advatages here and there, such as slightly lower price, maybe faster heating, a green image leading to some state rebates, lower maintenance or maybe just good marketing it could still be worth being into it. If it only ever reaches 0.20 and only on a spike I'd still call it all worth it. And maybe there's something we're missing, they must have looked into the general math before starting to put the entire company together.
They never said anywhere that the power consumption would be off the charts (extra 120 amp) or in any way different from existing electric units. And they said they would have units from point of use all the way to point of entry for an entire house. This implies people will be able to use everything in the house just like they do now. Nobody would bring a product to market that would only allow you to use on appliance/bathroom at a time, it would be ridiculous. This is of course assuming the whole setup the have works as promised. Maybe it won't, but no reason to assume that yet.
They are bigger than Wanderport, everyone is at this point. Same for whoever makes their components in Asia. Established companies with revenue >0. Same for international distributors etc. Maybe not huge but it's all relative.
They never stated they had a bunch of income or a bunch of cash. I doubt investors care whether a penny company has $200k or $250k in the bank, whether the flight cost 700 or 800 etc. Whatever they said they did can be (and has been) checked with the companies with which the contracts (agreements...) were signed. And again, if it is a scam it would be pretty easy to fudge some reports and if it isn't then all the promises they made (pretty substantial ones) should be true.
Maybe the fees were paid by the other side, the very large, established companies. And maybe they didn't want to bother to document every $500 yet since they don't have any real income or real cash. If it was all a scam it would not be that hard to make up a report, would make it all look more legit.
Anyone want to take a guess as to where the pps is heading?
As far as I understand this PR there won't be another one for 2-3 weeks and the next one should be a big one, one way or another. You could argue people might be tired of waiting, u could argue they'll be really excited waiting for the news... I know it's just guessing at this point but maybe it's more productive than just arguing.
Ha, decades... In decades there'll be almost no oil left and we'll either be gliding around in atomic hovercars or throwing poop at each other in trees. Nobody's saying that overnight all tanked units will be replaced or that all the replacements are going to be Wanderport. But the fact is that the world market for tankless units is already really big and will only get bigger with Asia becoming richer, the US switching etc. Just cause in your neck of the woods people still use old technology doesn't mean it's the only market in the world.
It happens with almost anything you can think of. 3G and 4G in phones, broadband internet speeds, small cars, fashion :), etc etc. It just isn't economical to have a huge amount of water be kept really hot all the time. Plus there are leaks, danger of the thing blowing, it taking up space, etc. Energy (natural gas, oil and electricity) is very cheap in the US at the moment so wasteful cheap technologies are the norm but it won't be that way for long. Won't happen overnight but if it happened in the rest of the world it will happen in the US too, it always does.
All I was talking about was the efficiency of this thing compared to existing electric tankless heaters, not the product overall or the stock overall.
Even if it isn't more efficient at all it could still do very well. With the right marketing (labeled 90-something efficient, which it could well be), with a lower price and the politicians sticking some incentives behind it just to make themselves look like they're doing something it could be a very attractive deal. Even if the company just started making normal electric heaters, if they were slightly better in some areas the stock could do very well in the long run. The US market will switch to tankless in the next few years just like the rest of the world did (happens with everything) so there's a pretty big market right there. As far as getting rich overnight I think it's certainly possible, especially with a nice spike, but it's far from a sure thing. But 0.10 should be no problem at all assuming this thing is reasonably competitive which I think it will be.
This whole 99% efficient argument got me thinking... As far as efficiency goes compared to existing electric heaters what we should be focusing on is what the differences are between the two ways of heating water (bathing a resistance in it or pointing a magnetron at it) and specifically what the losses are with existing electric heaters.
I'm hoping there are some engineers around that can shed some light into this. Looking around all I can find as far as losses in electrical systems go, all have to do with heat, which in this case would be a good thing. So it seems like having a big resistance that heats up and that the water goes over would already be very efficient. I think having a magnetron pointed at a collection of pipes and also being cooled by the water itself would be very very close in efficiency but not necessarily significantly more efficient. Maybe I'm thinking about this wrong, missing something?
Then again if these systems were already so efficient why would someone bother to devise another way of achieving the same thing rather than using tried and tested technology?
Even assuming the differences in efficiency aren't huge the products could still be a really big hit due to the green image, maybe lower price, easier installation and maintenance, state rebates etc etc...
I really don't think negative is relative. If you say something bad about the company it's the same whether you're in, out, in the red, in the green etc. You staying out makes perfect sense. You trying really hard to get others to stay out makes a lot less sense (well, wink wink...).
Anyway this isn't productive in any way so I'll agree to disagree.
Well... you have to admit that you post quite a lot and that it's 99.99% negative. At the end of the day for any stock your guess will either be that it's more likely to pan out and pay off or that it's more likely to be a pump and dump scam, even if it's just 51%-49%. If u think this stock is likely to be good and u post negative stuff you must be trying to bring the pps down, presumably to buy in lower, i.e. you are bashing. If you think it is a bad stock the only reason you are here is because you are short in which case again you are trying to bring the pps down, i.e. bashing. That said I do agree that some people do like to give themselves a nice warm cuddly feeling about stocks they get into but I don't think it's happening that much on this board.
Of course it isn't a sure thing and nobody is saying that. If it was, pps would be $10. With ANY stock what makes it a good buy is a good reward/risk ratio and there's no denying WDRP is very good in this respect. The more you wait for testing and PRs the more the risk goes down but so does the reward. So if some ppl want to take a higher risk for a higher reward why do you have a problem with that. Yeah they (we) may get burned but you may well be left staring into the sun when it takes off before you had a chance to buy and then buying on the peak... Just personal choice, stop trying to "protect" people because it can start to look like you're ummm... bashing.
Ha, my average is 26 too... Hopefully I at least get my money back, doubt I'll get rich off this one. Will wait and see, give it at least a couple of months, not selling.