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I don't think that will be the case but then that's my opinion and why I own the stock. You're entitled to your opinion as well though I don't agree.
GLTY on picking up those .0001s. They're hard to pick up. If we have a significant amount of shares (millions, not thousands) trade in the .0001s again like we saw a couple of weeks ago, I think you'll see a lot of volume in the .0002s and .0003s and maybe higher if momo gets going just like we did before. It's basic math. If you can buy at 1 and sell at 2, that's a 100% profit. Anything higher is gravy. That's why we had the pumping by traders recently on this stock IMO.
If cost for the infomercial is not coming out of WNBD's pocket, Great! Otherwise it seems risky.
The last infomercial was a sink hole of $$$$$$$$$$$$$$$$. With the limited/zero funds, WNBD need to be 100% on target and revenue generating. Personally, I would rather the infomercial be on a back burner. The last one was the beginning of the PPS slide and burned a lot of cash.
I notice that the a majority of the 1000+ containers are the new style which would mean that this store has recently been restocked. Nice to see some recurring sales as well as expansion into new stores...
Nice to her from you Scup. I agree with you're points on sales, financials, and PPS. Not great currently. I also don't think there is any magic bullet such as 500 stores that is going to put WNBD in the black. The 500 stores is just another stepping stone towards that success.
Doing the math, an initial order for 500 stores would only be $25K to $50K? depending on how many cases per store ordered. Nice order, but far from pushing the company over the top. I think that's why when we hear of these additions of multiple stores, they do not show up in the financials as huge as some might expect but it does continue to add to the bottom line and grow the point of sale (PoS) footprint needed for success of the company and the shareholders. As well, due to the type of product I believe that reordering was originally over estimated thus we don't see as much revenue from reorders. This isn't dish shop that needs to be bought a recurring basis. It's stain remover that is bought on an as needed (emergency) basis. Therefore the PoS footprint needs to be bigger to account for the lower recurring purchases.
The blog on the convenience store (Shell) placement is just another example of Eric using any avenue possible to grow the PoS footprint needed for success (ie: NAs, GSA, hotels, hospitals, schools, distributors, online stores, mom & pop shops, small chains, hardware stores, art stores, wine stores pet stores, and the list goes on). WNBD will get there as long as they continue to have the funding to support the time needed to get enough stores (PoS) online to become self sufficient. I think Eric is doing the right things with what he has, it's just a slow process. Question is will WNBD have enough time to get there. Odds are getting better all the time but still has a long ways to go before we have a verdict. All IMO...
Those 3's bought were also approx 70% of the total volume today which relatively high compared to the average volume for recent months. That 12 mil would be above average by itself. This stock has historically traded at low volume even with the high float since most shareholders hold their share tight.
Tiny slaps are those 10,000 share sell/buys that paint the tape.
From Home Depot Online 1000+ reviews:
"50 out of 51(98%)reviewers recommend this product."
Overall Rating: 4.8/5 Stars
Go WNBD...
I bought some 1000+ from Home Depot today online with free shipping :)
$30 for 3 bottles. Need to replace my son's stock. He loves the stuff.
Go WNBD...
1000+ Available at Home Depot Online with FREE SHIPPING today.
It's Cyber Monday!!!
Go WNBD...
I agree the pump seems to be over. The large group of .0001s (~35 mil) seems to have been sold by now. Doubt we'll see much from recent visitors for awhile. Kind of obvious that all the noise didn't start until that dump of 35 mil shares at .0001.
No chance. I'm looking at buying more WNBD with this opportunity...
Don't forget list..
1. Chill on
- Only partial and doesn't to have drastic impact. Plenty of volume lately.
2. Out of cash
- Obviously have some type of cash flow. WNBD still selling product and making more deals without further dilution.
3. No financial suitors have surfaced and won't with a chill and past financials
- Must be in your opinion. No public evidence of your statement.
4. Blogs that never impact the financials
- Never meant to have financial impact. Info only for shareholders. Are you counted as a shareholder?
5. Currently being pumped...its been said that would never happen...it did.
- Not being pumped by company (WNBD). You could also say being currently bashed.
6. 7 Yrs of never attaining a qtr that showed profit
- Behind schedule in attaining profit. Doesn't mean they won't get there.
7. PPS
- Disappointing but temporary IMO.
8. The infamous endcap hysteria that went NO WHERE!
- Shows confidence customers has in the product to have placed it on endcap.
9. The never to be equaled GSA contract that has gone no where...zippo impact
- To contrary, orders have started though in small numbers. Anyone knows that the government is notoriously slow, especially with change.
10. Sing-a-long youtube demos that have done nothing for the brand
- What does this have to do with anything? Was it meant to sell product? Yo may want to rethink what you use to evaluate stocks if this is an example.
11. No branding quality
- In whose judgement. Must be just an opinion...
12. No shareholder value
- Very limited at this time but future is looking brighter then any time in the last year.
13. Watch for R/S (unlucky 13!)
- Keep watching a long time... Company able to survive over 6 months without dilution with financing and NA contracts coming.
Eric has already posted that company (WNBD) is not involved in the high stock activity we've seen over the last week or two. And no sign of any dilution or the infamous R/S theory that has been called out for over 2 years. If anything, there are signs that WNBD is turning the corner upward with planned addition of 500 NA USA stores and growing interest in the GSA purchases.
Ahh... They moved a bunch of the shares off of the .0002s. Did they move them to the .0003s?
Looks like an opportunity IMO. What's L2 showing at the .0003s? Anything past .0002?
It's great to hear that WNBD has climbed so high compared to the previous quarter as well as the addition of 500 NA store coming.
What I notice is that 1000+ has been given quite a bit of shelf space compared to other products. Especially "Goo Gone". BTW, I believe those are the new 1000+ bottles which means they have likely been recently restocked....IMO
If that new store is Lowes USA, the long time followers of WNBD all know that they thoroughly vetted WNBD before taking on their product. To me, that is a strong sign of confidence by Lowes in the product and that WNBD is going to be around to deliver.
I put my faith in the decision making capability of upper management of big stores (Walmart, Lowes, Home Depot, Canadian Tires, GSA, and more) that are stocking the product over any poster on a board. I'm sure store management did there DD before taking a risk on a new product even as 1000+. They have more on the line to lose than WNBDs.
Wow... This hasn't been on the buzzcloud for awhile. GLTA tomorrow.
Someone dumped over 35 million shares at .0001 which also means someone bought over 35 million shares at .0001. Last time I checked you need to have a buyer and a seller to complete a trade.
Whoever got those shares is now in a great position flip them for cash.
I believe what we saw today is a large lump of shares purchased at .0001 and the following marketing attempts to sell them at .0002 and .0003. Looks like it was successful for a few of the shares. Probably sold enough to cover trade fees already. Worse case is remainder of shares held are dumped at back at .0001 where they were bought. I think we'll see this pump continue tomorrow also, maybe into the release of financials. Not a bad play even with no concrete news in sight. Could get some momo going here if a few follow his lead.
You are assuming that this was done to qualify for the GSA. I'm not. I'm just saying there is a correlation of the specifications that could be beneficial to meet govt. contract compliance when those specifications are called out to be met.
General rule of investing in anything: Only invest what you are willing to lose.
I've weighed the risk/benefit and have invested accordingly. That why I'm here otherwise I would see posting on this board as an absurd waste of time.
You make assumptions about me that aren't true. I believe in general that this stock has a much higher probability of failure at this stage in the game then succeeding and I have invested accordingly. I'm just pointing out the positives of the moves being made. It does not mean I see them as the "white knight" as you state. Just another step in the right direction though it may be too little too late but we'll see. If it turns around, I'll be there to reap the benefits.
It's not a necessary step because you can just choose not to comply with the specification. In that case, you would likely be exclude from consideration or a waiver can be granted (not likely in this case though).
I consider it a positive move because it is not required. It seems Eric is trying to make the product fit as many sales avenues as possible. Govt. being just one of them.
I don't believe Eric ever mentioned GSA contracts associated with the bottle design. I just noticed the specification changes for the bottle correlated with specification commonly called out for govt contracts. You can make your own conclusions where it may or may not lead.
Lbdave, If the bottle design was a limiting factor to qualifying for contracts, it could lead to more sales. Govt. absolutely has specifications for products that I've worked on that are similar to some of those listed in the new bottle design considerations.
Then again it may be just product improvement and have no impact on sales. But as you said, it's a positive step not a negative one.
Try working on govt. contracts and you'll know that they have pretty stringent specifications that aren't needed for the commercial world. Not koolaid. Just laying out some observations.
BTW, I find your comments pretty hilarious too.
Great points. Some customers, especially the government, have insane specifications that must be met before you can even complete for a industrial or govt. contract.
"physical resilience to dropping, temperature changes, cost, ..., recyclability, reliability of closure seal in mechanical filling lines, etc." are some key factors since products are used in environments and safety critical areas for industrial and govt. contracts. I could easily see these being part of specifications for product before they would be accepted for a contract. I'd love to see a push of the product into industrial and govt. area since I think you would see more volume and the need for advertising is less. That revenue can in turn feed into advertising to support the push into the commercial arena.
Hmmm... Wonder how WNBD is getting the money to do the R&D and make changes. Have to be getting money from somewhere and it's currently not by selling shares. Product sold, bridge financing, 3rd mortgage?
You can buy one share, but it'll cost you $7.95 to do it. Nobody said anything about selling....
I've had no problem with Fidelity buying WNBD. $7.95/trade, no quantity limit. They will have you talk to a representative before being able to buy more than 10,000 shares to make sure you are aware of the risk.
Seems a little overkill on response to a review post.
The post indicated sale to a satisfied customer. Nothing more, nothing less. Does it affect WNBD's revenues to the point of a tipping point? Probably not, but the post was not meant to represent that. Just a data point of a satisfied customer who was happy enough with the product to voice his satisfaction to others that may be looking for good stain remover.
FYI. Recent review on Amazon. Customer found the product on YouTube. Maybe company can relabel some of the videos as "How To" videos.
Works as Advertised, August 8, 2012
By
R. Schmidt (New York, USA) - See all my reviews
(REAL NAME)
Amazon Verified Purchase(What's this?)
This review is from: Winning Colours Multi-Cleaner and Stain Remover (30 Oz) (Misc.)
I originally bought this product to remove dried paint from tile grout. Afterwards, I used it to clean all the tile in my bathroom. It worked well at getting out the paint and brought all my tiles back to life. I never knew my tiles had etchings or had recesses in the border tile. What a difference. Then, I had a little extra and used it on the hard water stains on my glass shower door and when it dried, the glass looked a lot better than the usual product I use on the shower door (Kaboom). The smell wasn't too bad, smells like bananas and did not irritate my skin while using. I made sure to rinse my hands in water every couple of minutes to be on the safe side. I even used it on the painted bathroom door and it looks like I just painted the door white. Needless to say, I'm happy. I hear it can be used for over a thousand different types of jobs, but so far my first four or five have all been successful. I used it at full strength to get rid of the paint and I used about two table spoons in a spray bottle of water on the rest of the bathroom. Very good product. I bought the large bottle and I'm glad I did. I have a stain on a carpet, but I need to do a test area just to be safe. It works well on all water-friendly surfaces. I would just be careful with fabrics and carpets. Worked great as a degreaser and soap scum remover. I read many reviews before I bought it and took a chance. I suggest you do the same. I found out about this product when I YouTubed, "How do I remove paint from tile grout." I saw a guy use it in real time, with red paint on tile grout. No magic involved, it just works like magic. I wish you all the best in your cleaning adventures. Thank you to the makers of this product for making such a great cleaning agent!
It makes sense to hold if it is costing you more money to sell it then you get in return.
Sure. Sell $0.60 of stock and pay $5 or more to do it. That makes sense...LOL
You tell me. It's been going on for years....