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It will drift lower until a strategy is communicated next Thursday to refocus the fundamental picture. Negative bias always carries the day in a situation like we're in. We all know the fundamentals going forward, let's see how the company plans to move forward from here. I have no doubts they will lay out a sensible plan for the rest of the year that will support the pps in due time. If the focus is on the pps and the day to day picture it's providing, then good luck with that. If you believe in the long term prospects, then the price really is not that important now. Yes it stinks to see this day after day, but the results of Eyeguard B were what they were and this is the fallout for however long it lasts. If you need to sell for whatever reason, that's the game we play and sometimes it kicks the short term trader in the rear. Everybody jumps on the bandwagon when things go south and try to look like geniuses. So we wait for direction from the company after the market closes on Thursday next week and go from there. What falls based on the perception of lost revenues (that's really what it comes down to) can recover based on therapies that put those revenues back in play. If they hit that objective(s), then it comes down to marking time. I believe we'll get there, it will just take longer than most had thought prior to last week's results from the Eyeguard B trial.
2Q Conference Call at 4:30 pm Thursday August 6th.
Can't see much happening until the 6th unless they put out news which I don't see anything coming out before the 2q CC.
One missed endpoint and this reaction is hard to understand. They have an active pipeline, trials ongoing and plenty of research happening along with xoma358 granted orphan status last week. This looks to be negative for sometime and no idea where a bottom may form. Thoughts?
Been out of town, first chance I had to log on for a bit. Thanks Dischino. I know all of what you speak and have no issue with things in that regard. I also really have no issue with having to wait. It would be nice to hear a status update, he would not need to lay out a timeline since those of us in business understand how difficult that can be. However I would think that simply falling of the face of the earth is not something that favors us moving forward. A little blip on the screen does help keep the faith in the same way that the pings being picked up now will hopefully lead to the discovery of Malaysian Flight 370. It keeps hope alive even if the end result is not what we want, but does lead to closure.
By the end of the 2nd Q, if nothing has happened, then my confidence in Mr Day will be gone. I believe he has had adequate time to bring the app to market. It would then be obvious to anyone that he was way in over his head and that the business died on the vine. Dischino, I hope things turn out differently. At this point I have greatly diminished expectations. He had a noble mission, but not the capabilities to see it through.
I take a small shot here and there. Never with any serious money, just a few hundred. Either that or go out to eat every night, so Vegas money you might say. Why some throw thousands at these crap shoots is hard to understand.
Maybe, but your comment has merit. Day has experienced the start and stop process before here. As anyone in business knows, excluding the cost(s), damage to the brand and time wasted, he is indicating by his actions(behind the scenes and known only to him)that he will do everything he can to make this a success going forward. How that will play out is only a guess at this point, but owning the patent does make this whole thing that much more interesting.
They is no mystery as to the screw job here. Just bury it and move on to more productive pursuits.
News I think is 50/50 by end of the second quarter. Still some wait time here. I agree with you in that if anything is to come of this, that they do need to have the website up and running well ahead of meaningful news.
Coming, no bid X .0001. Dead and gone. Tax write off. Worthless.
50/50 by end of second quarter.
A 1 for 5000 is indeed death. You have a write off, that's the story here.
Dumping, Scam, or Something, place your bets.
To nowhere like we have for over a year plus.
We are looking at some type of further development of the app with additional patents coming would be my guess. I still say we don't see much until the end of the 2nd quarter. Set a price alert and or a volume alert and leave it be. If something happens, great, if not, move on.
Seemingly worked hard to get a patent. Seemingly was driven to make a real difference in texting while driving, cyber-bullying, blah, blah. In the end, like with everyone else on this garbage planet, money trumps all. Choke on it. Screw any chance of this being anything other than a pump and dump, wash rinse and repeat POS. Good job Day. Never trust an attorney. Scum.
Still haven't sold all your shares yet? Epic for sure, question is if that is Epic Success or Epic Failure? If we hear anything it will be late 2nd quarter. I wait to be underwhelmed. Stick to be being a lawyer Mr. Day, the savvy business world is not for you.
Patent development, and I believe they have the intention to launch. We will see how things come together by the end of the second quarter.
If we get a re-launch, I would not expect to see it until the very end of the 2nd quarter. Why? Everything to do with WBSI and Roland Day has a well defined history of taking much longer than what the expectations are set at. No slam on Day or anyone, its just the factual history here. I did get a price alert this morning, but it looks to me as if it has no real meaning. No news yet, and down in the sewer pit of stocks, this is to be expected every once in awhile.
Notice the last paragraph,
15,000 families on this one subject.
I'd say its a strong growth area. Unlimited potential with no single group of providers able to claim a large market share, just like with cell phone manufactures.
One aspect, and plenty of room for providers in this space. It is Global crisis and growing.
http://editorial.autos.msn.com/parents-find-new-ways-to-monitor-teen-drivers?icid=autos_5131
Parents find new ways to monitor teen drivers
Cameras, Bluetooth combine to keep teens in check.
By Michael Strong of The Detroit Bureau
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Teens in car (© William Howard/Getty Images)Click to enlarge picture
Teens are easily distracted while driving, but parents have many devices at their disposal to help.
The Detroit Bureau
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These days it's not just Santa wanting to know if kids have been naughty or nice, parents of teenage drivers really want to know as well.
Statistics show that teenage drivers are, well, the worst drivers on the roads. The traffic accident rates for 16- to 19-year-old drivers are higher than those for any other age group, according to the National Highway Traffic Safety Administration.
Young people ages 15 to 24 represent only 14 percent of the U.S. population, but they account for 30 percent or $19 billion of the total costs of motor vehicle injuries among males and 28 percent ($7 billion) of the total costs of motor vehicle injuries among females, according to the Centers for Disease Control and Prevention.
Fortunately, there are plenty of ways for nervous parents to keep tabs on young drivers, ranging from Ford Motor Co.'s MyKey to Esurance's new telematics device, DriveSave, to a variety of devices that limit the ability of kids to send and receive text messages and phone calls.
View Slideshow: Safest cars of 2013 - 2014
Perhaps the best known is Ford's MyKey technology, which is standard equipment on more than 6 million Ford and Lincoln vehicles. MyKey allows parents to control the volume on the radio, limit a vehicle's speed to 80 mph and block incoming phone calls and hold text messages using the Sync system.
It uses the Ford Belt-Minderwith audio mute sounds chimes and mutes the radio to remind teens to buckle up. A message on the instrument panel is also displayed: "Buckle Up to Unmute Radio."
The insurance company Esurance has developed a device called DriveSafe that can monitor the driving habits of anyone using the vehicle. It installs on the onboard diagnostics port on any vehicle built after 1996, except hybrids and electric vehicles. After that, parents download the DriveSafe app on the smartphone of the teenage driver, which allow them to track driving habits via Bluetooth as well as lock out certain functions while the car is moving.
It also can alert parents to risky habits like accelerating too quickly, braking hard, driving past curfew, driving too far from home or speeding.
One limitation to the system is blocking texts on iPhones: no third party can block iPhone functions so teens will still be able to get texts on their phones. Android phones have no such issue. However, if they try to avoid interruption of the other restrictions by shutting off their phones, cutting the Bluetooth connections or some other method, the system sends an alert to parents.
View Slideshow: 17 must-carry items for your car
However, if a parent really wants to see what's going on in the car when their teenager is behind the wheel that can happen now too using Drive Cam, a video monitoring and recording device.
The device is designed to send an email when the driver makes mistakes or drives erratically. It also records the driver while he or she makes the mistake so parents can go over the footage with their teenager to help make corrections.
According to American Family Insurance, 15,000 families have used the DriveCam in 19 states since it launched in 2007. The company has recorded 65 percent to 70 percent reductions among participants in distractions, tailgating, poor scanning, intentionally unsafe driving and speeding.
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You are much younger than me. There was no seat beat law when I was in my teens. Your points are valid and we remain on the same page. I too believe that some will regret decisions made now by end of 2014.
1 for 20. So what ever # of shares you have now, divide by 20 and that will be your new amount. If you have 1,000,000 shares, then divide by 20 and you will have 50,000. The price will then be multiplied by a factor of 20 as well. So if the price is .001 on the effective day of the split, then the new adjusted price will be .02. Your value is the same in theory. What gets lost is the leverage of buying sub penny and then seeing a large run up in price. If the company is successful and the price appreciates as time moves forward you still make money obviously, just roughly 20 times less than you might have hoped for. In the end, nobody ever got hurt financially by taking a profit. If you believe in the company, then you just add to your position to increase the profit potential.
Completely agree, we are on the same page.
Yes, most R/S's down here are the death spiral you hope to avoid.
Jury is still out long term, short term, well place your bets.
Good Luck to you on your new play. Like I say, we should see the usual panic here for several days and now that the split date has been announced, I would not be surprised to see high volatility right up to that date. Makes no difference, the whole play hinges on the re-launch and how the plan moving forward is handled if we ever get to that point. To me this is Vegas money, never anything serious since over 90% of the time the shares don't exist anyway with Naked Shorting so rampant down here. Can't put serious money into a system that is beyond corruption.
Put this one to bed. Set a price/volume alert and don't worry. By the way, why would you continue to play down here with such a history of these stocks R/S'ing on you? I look at what this space will become in the years ahead and if Day can get the app to do what I should, then it will be marketable in my view regardless of what is free out there. Even the free ones will see the profit potential and will move to that position. Needs a trail blazer first then all will follow.
So then lets just get down to .0001 so I can load up in a more meaningful way. I buy during panic, and sell during euphoria. Sometimes early in buying, but if one understands the players at this level, then it usually ends up being as easy as say taking candy from a baby. What we have here are mostly dreamers and gamblers, not that that is a bad thing, just a more predictable thing from my experience. In the end it is all up to Day. He comes through or he doesn't, money will be made or it won't, but a 1 for 20 is nothing. Whether it amounts to anything only time will tell. One thing for sure, this is on the slow track and will take much longer than the collective patience of people here have in my view, therefore the one facet of the price drop today. MM's having a good day here with the spread making their points albeit on so far very low volume. As you say, lets see how things play out between now the day the split becomes effective on Jan 6th, 2014.
Expected, allow for the reaction to be completed, along with end of the year positioning for tax purposes, etc. Then buy if and when you see opportunity, or simply take your loss and move on. Not too hard to figure at this point. What has not changed is the patent, upgrades to the app and the implied desire of the CEO to continue to go forward. Keep in mind we still have at least 6 to 7 months of time to pass before anything of substance will be known is my guess. These stocks are roller coaster rides as you and everyone else knows. You play them for only the potential of that life changing move in price. Fundamentals and charts carry no real weight with these types of stocks. They are event driven which defines how they will evolve, whether it be as a real company with real metrics, a pump and dump, whatever. With these stocks it all is usually based on hope, which is not a strategy. We are not talking about income or growth here in the normal sense, we are here for that one hit wonder status and the pot of gold it would provide. Wait for the split adjustment, the New Year, and the re-launch, or go find your next can't miss gem and start this process all over again.
I for one am not selling, may buy more pre-split. Have enough now, but like some others, not serious money at stake here for me looking at the bigger picture. I use speculative funds only that I can afford to lose if that happens. The patent is the key along with no pumping by the CEO. Let's see where the numbers end up post-split and then see how Day wants to handle things. It will either be good or bad as this is the only thing we know. You take calculated risks, sometimes winning and sometimes losing. Part of the game in this scum pond.
Lougee, actually you will have 60,349.50 shares.
1000 shares @ .0017 would now be 50 shares @ .034
1000 x .0017 = 1.70
50 x .034 = 1.70
Same value after split everything else being equal. What is lost would be leverage depending upon what move you were expecting. What is gained is that fewer shares outstanding and in the float. Everyone needs to determine their own sense of value based on what the potential you see is. A 1 for 20 is not a negative event as long as the potential gets realized at some point. JMO
A 1 for 20 is well within my comfort zone. I have had some R/S before on stocks with lousy financials but great prospects and very good things happened for shareholders. For anyone who cares to go back in history, one was "The Presley Companies" which then became "William Lyons Homes". Made out great on that one. Was a Wall Street darling in its heyday. I was right about the re-launch time frame being late 1st Q to late 2nd Q. This is a positive and tells me a story I like and have had experience with. I would guess that puts me on an island, well, so be it. I am now looking forward to 2014 and WBSI becoming that player I think it can be. GLTA and Merry Christmas/Happy Holidays/Nothing(Atheists have feelings too).
Revengeonshorter/ghcnj as far as I am concerned all these OTC's, BB's and Pinks are pure s&!t and this will be the last one I ever buy. The games and people/groups you need to associate with to make any money are so vile, so filthy that let them devour themselves. To h#ll with all of them. If this goes and Day ever gets it done, then fine. If not well gee surprise surprise. When you go to play in sewer, you're going to stink just like it. I have no sympathy or compassion for the criminals who operate in these stocks.
Bring on the Re-launch. Still think we are looking late 2nd Q 2014. Would like to be wrong.
Re-launch if we were to be so lucky is late 2nd Q 2014 at best IMO.
I know, just enjoy calling them out. Not that anyone is fooled by it after all the years of this stuff.
Who told you they don't have a plan? Mr Day? Where are you getting this from. I can never figure out why comments like yours are made when you have no clue as to what they are doing. It all comes down to marking time until the company releases some news. To say they don't have a plan and then not back it up with anything of substance makes you look quite silly.