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IMO....MM VERT has been sitting at .0013 for about 3 weeks. You will not find VERT on the BID side because they are not buying shares. They are getting shares. Depends how much they have to sell. Never good when an MM can be found on one side only. In this case the ask side....JMO.. See you guys tomorrow. Time for dinner and the Yankee game...GLTA
I dont think so. Its going to take a bit of buying...JMO...We shall see
ok lets play that game...How do you know they are? Max is the CEO
Just to clarify...That is resistance at .0013. Resistance can be overcome under the right circumstances. So we shall see what happens. The Rileys arent running things anymore...Max Is.
IMO....The resistance will be at .0013. That is where MM VERT is waiting. They are a seller of convertible debt and they will post their usual ask share of 5000 and then sell millions. That is where the resistance will be....JMO
my opinion has not changed one bit ...bs is bs.I dont pump and I tell it like it is.. This has a shot..They need to replicate the results....everything else is BS right now.. That is what I have always stated.
I realize that the fuel reformer is in a patent pending format. However, I cannot find anything on Twitter or anyehere else that intimates there is news pending on the patent status. I find this a bit suspicious. If IR is putting this out in emails or phone calls without putting it on Twitter, Id be surprised..JMO
Thanks for the information. Didn't see anything on Twitter...will keep checking..thanks again
Where did this patent news pending rumor come from? I guess its bogus.
MM VERT lurking at .0013 with a bogus ask of 5000 shares. May be difficult to get past VERT. They are a seller.
Getting closer to a trial.
Filed & Entered: 11/19/2010
Set/Reset Deadlines
Docket Text: Set/Reset Deadlines: Discovery due by 2/15/2011. Dispositive Motions due by 7/1/2011. Response to Dispositive Motions due by 8/1/2011. Reply to Dispositive Motions due by 8/19/2011. Plaintiff Rule 26a2 due by 3/1/2011. Defendant Rule 26a2 due by 5/2/2011. (gdf)
The whole ball of wax is riding on this statement by CEO Max Bennett.
"We believe that this level of testing and validation will greatly assist the company in proving our technology," stated Max Bennett, President and CEO of WatchIt Technologies Inc. "We need to eliminate any doubt and criticism this technology holds before it arises in the marketplace. The company would not be exposing itself to this level of scrutiny and independent testing if we did not have complete confidence in the successful performance of our technology."
This submarine issue seems to have gained a life of its own...LOL... I find this rather humerous considering it has absolutely nothing to do with WTCT. It seems to have been born out of a misinterpretation of the phrase "MILITARY SUB CONTRACTOR' in a WTCT PR. Lets hope that the military sub contractor that WTCT is referencing is a provider of military vehicles who is looking to provide better fuel mileage as a selling point to provide vehicles to the military. I think we can safely sink the submarine issue..LOL....JMO
I don't think we are talking military submarines here....LOL.. I'm pretty sure were talking SUB CONTRACTING WORK TO THE MILITARY.....LOL.. I hope you guys are kidding me here. What are we going to do; provide them fuel reformers for 100 submarines...LOL..Come on.
That is my whole point. I absolutely want this to go to trial. Why AT&T wants to go to trial is beyond me. They might be able to get the award reduced. They might also wind up paying more than they think. Either way I think they get stuck with court costs if it goes to trial. Either way, I think AT&T has hurt themselves,I don't think the current lawyers will take a settlement unless a premium is involved. If they are going to get court costs from a trial they have incentive not to settle. Just think AT&T screwed themselves by waiting to long.
If the podcasts are to be useful to the shareholders perhaps they should be answering the following questions for starters?
1. Is Jake Jensen, the China consultant engaged last December,
still working for WTCT?
2. If so, did Mr. Jensen have anything to do with bringing WTCT
and the unknown Chinese investment / manufacturing firm together?
3. What is the name of the Detroit Lab doing the testing?
4. When can we expect the results from the Detroit lab?
5. Is a financing package tied to the results from the Detroit lab?
Nothing new in the podcast. Rehashing material everyone is aware of. What we need is a live podcast where WTCT doesnt get to pick the questions. These podcasts are useless if they are going to ask questions whose answers we already have. Anyone with a computer can get the information they put out...JMO
EPA 511 has no relevancy to what is currently going on with WTCT. The only ones that are concerned with EPA 511 are "THE WTCT SHIP OF FOOLS". EPA 511 wont get us financing but positive results from the Detroit Lab will IMO
Good morning. Your memory is correct and that is exactly my point why I think AT&T is being foolish. We already know they are going to have to pay. If they settle, as in the Qwest case, each side paid their own legal bills. If a trial goes to completion, it would appear that AT&T will not only have to pay DAC compensation, but would probadly be liable for APCC and the other litigants legal costs. Call me crazy but I'm willing to bet that almost 12 years of litigation is going to be quite expensive. In addition, if the court makes the award it will have 8 or 9 years of compound interest at 11.25%. It doesnt make any sense to me. A settlement would be in everyones interest.
If AT&T's logic is they are trying to reduce the award, they are also risking a larger award by going to trial. Their 12 years of delaying tactics may have worked well for the last 12 years but it now appears we are nearing the end game. IMO AT&T has waited too long to make a settlement. Their is no incentive for APCC to make a settlement unless AT&T is willing to pay a premium. Up to this point AT&T has shown no such inclination. If i'm the new lawyers, I would love a trial. The possibility of legal fees plus a compounded award could be very enticing. It just seems to me that AT&T has shot itself in both feet. It just doesn't make sense. I'm not a lawyer...LOL...Thats why I'm asking what am I missing. WHEN YOU GO TO TRIAL ANYTHING CAN HAPPEN.....AND OFTEN DOES..LOL
A lottery ticket is a lottery ticket...LOL..Im looking for a trial date in the Fall. Only AT&T could be this stupid...LOL
It is what it is. I have stated before. You go to trial, anything can happen.
Been saying it for weeks. Nothing else matters except replication of the results. Cannot move on to the other goals until the results come. Everything else is hot air. It is the only issue right now.
I think they are pursuing the case for that very reason. They go to trial APCC should get legal fees..past and present. I wouldn't settle at this stage unless a nice premium is in there. If Im the new attorneys, I want to go to trial. A settlement usually excludes legal fees..everyone pays their own. Thats why I think AT&T shot itself in the foot. 12 years of legal fees..Whoa!
Heres a question for the twitterites...
Is Mr. Jake Jenkins the China consultant engaged by WTCT still working for the company and did he have anything to do with bringing WTCT together with the Chinese investment / manufacturing concern that WTCT is engaged with.
WTCT....Issues...Issues....Issues...There is only one issue. The Detroit Lab results..If good we move on ..If not game over. EOM
Harr. I have a question. If AT&T goes to trial which seems to be the case at this moment, aren't they going to get murdered in legal fees. Since APCC has already won the case and the issue is the amount of the dial around compensation, I would think at a trial conclusion APCC is going to be awarded legal fees for 12 years of litigation. APCC is suing for the compensation and legal fees. If the trial goes to completion isnt AT&T going to get hammered with legal fees as well as the compensation. What am I missing here?...LOL
If I were the CEO of a Chinese investment / manufacturing concern and I thought this was a valid product, not only would I want to finance this project but I would like to sell one to all of my country men and women....LOL
This really could get interesting. Lets see what we have here.
1.) WTCT has engaged a CHINESE INVESTMENT / MANUFACTURING FIRM.
2.) THE PARENT COMPANY IS CHINESE.
3.) It appears that a financing deal may come about from the investment side of this CHINESE concern based on the Detroit Lab results.
4.) Back in December, 2010 WTCT engages a Consultant, a Mr. Jake Jenkins with Chinese connections to the automotive industry.
http://finance.yahoo.com/news/Preliminary-Test-Results-iw-2898635788.html?x=0&.v=1
Just a wild guess but it sounds like something is going on with the CHINESE.
The results from the Detroit Lab might be even more important than anyone has previously thought. If the results are favorable and thats a BIG IF, it might be the CHINESE MARKETS that are the initial target for WTCT.
I was reviewing some information about WTCT last night and I ran across an earlier PR from December 2010. I had completely forgotten about it. Here it is.
http://finance.yahoo.com/news/Preliminary-Test-Results-iw-2898635788.html?x=0&.v=1
I was then looking at the most recent quarterly report and this is what piqued my interest. This is a section from Item 4
As many people will say,when one door closes another door opens. As the first quarter came to an end,we began conversations with an investment / manufacturing concern in Chicago. The company"s parent is located in China. We have demonstrated the "Fuel Reformer" with their management and engineers. We have agreed to a test plan and agreed to the manufacturing of additional proto-type Fuel Reformers. As of this date, no formal agreement has been signed but we expect all to be formalized over the next few weeks. When it is signed,we will file appropriate notices so the investor community is kept informed.
What I am wondering is if the manufacturer in Chicago, the Chinese parent company, the financing and that earlier PR are tied together. Chinese market is rather large to say the least. Just some food for thought.
Looks like fits and starts..maybe one day it will just keep going..LOL
OKay Mr wordsmith. WTCT issued the convertible debt. And according to the current management it was done by the previous management. The debt holders can sell at anytime. And they are the sellers. Stop asking stupid questions that you already know the answer to.
Looks like we have some buying coming in.
It is not the company that is causing the rise in the outstanding shares. It is the convertible debt holders of WTCT. We have had two sharp price rises in the last 6 months. When the price of WTCT stock rises, these debt holders convert the debt to shares and sell to make a profit. WTCT isnt getting the money the debt holders are. It is disingenuous to suggest that the company is getting and spending this money or that they are diluting. The convertible debt is problematic and needs to be dealt with. We haved discussed this at lenght in earlier posts. Remember that 400 million trade day we had. A good percentage of those shares were from convertible debt. Just watch the MM VERT when the price rises. They will sell and sell and sell. They are never on the bid side. Always on the ask. Those shares eventually will show up in the float. Lets not make this something its not...and that is WTCT diluting.
Someone needs to tell Mr. Riley that the weekend is generally considered Saturday and Sunday. BTW its never a good idea to talk about the 3rd Podcast when you are late with the 2nd Podcast...LOL
Good morning. A few observations. EPA 511 is a non issue. Just like the CNG (compressed natural gas) post was a non issue. IMO we are providing a discussion forum for some posters who want to discuss things that are irrelavant. We are wasting a lot of energy discussing nonsense. Its a waste of time trying to defend posts about WTCT that are non issues.IMO that is exactly the strategy of some people.They also have a lot to learn.
Nice info Zeke. As I stated earlier, all that nonsense about EPA 511 never was anything more than a RED HERRING...Just like the compressed natural gas nonsense posted yesterday and many other posts designed to be a distraction.Those posts have no credibility whatsoever.
It is indeed about how much A T & T owes as I posted about a week ago.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63899991