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Lol I saw December in there and at first I didn't realize it was an old PR and thought wow, they're really pushing it now. Just yesterday I was thinking I hope they haven't set a ridiculous date months and months from now. One way or another this has to end, it's been dragging on way too long.
Another thing is it's a little worrying that the company is apparently pointing fingers at Robert (and maybe the other way around) since that may be their way out, "look, we couldn't get along with the technical adviser, sorry it didn't work out".
It's April WDRP! Where's the promised testing? Or was it April 2014? I know, I wouldn't understand what running a business is like and how long it takes to make an appointment... Sheesh.
Well, before they had put a whole lot of effort into their carrots so a lot of people believed in them. Lately, not so much, they barely acknowledge they have investors anymore... So unless they deliver something soon I don't think many people would be against going after them, but you can only do it when you are sure they won't deliver and when almost everyone has stopped believing in them.
What's there to post about. The company is still refusing to explain publicly what's going on, past, present or future, and nothing at all happened in the last 4 months or so... Think we're in the stage where we just wait for a while and at some point they either deliver something real or we go after them with pitchforks and torches and it's game over.
Yep... Something's better than nothing. I should have done the same, but pretty much too late now. If they come up with any kind of news a quick buy and sell might work out well.
Can't believe they refuse to explain what's going on and why nothing has moved in months.
Lol the bid is at 0.003 but the company will still tell you that all their investors are happy apart from a few bad apples. Yeah guys, everything is going awesome and everyone loves you, take your time.
I think what we're seeing is the company finally being (a little more) honest. And the truth is they aren't nearly as appealing as an investment and as on top of things as they used to claim for years. They went from "what investigation, there's no investigation" to "there's no investigation other than the ongoing investigation" and from "tomorrow we'll all be rich and something about a big steak" to "hopefully in 2013-2014 we see something". It's what they should have said from the very start, that all this is a big MAYBE covered in a lot of POSSIBLY and mixed in with a lot of incompetence and foot-dragging... I guess better late than never.
OR they are slowly preparing everyone for the whole thing being a failure now that they realized it's beyond any pumping...
Lol so it's going to take a full month or more to get the testing started at this new facility? Nice, they just bought themselves plenty of time to come up with more excuses, maybe sell a few shares, buy a few one way plane tickets...
Ha, that FB page is such a joke! They delete every single post that is even a little negative and then claim that the majority of investors are happy. Wow... Not to mention that they should not be using FB for updates in the first place, at least not as the main means of communication and definitely not for calling their investors names and being rude.
Hey, Wanderport, Andrew, you aren't fooling anyone with the whole "all is ok" charade on Facebook. All the negative posts are being saved elsewhere so if/when the SEC gets on your butts nobody will buy the whole routine, "we tried and most investors were happy but a few ruined everything by being negative". Sheesh. Just when you think these guys can't get any worse they go and prove you wrong...
And yes, it is absolutely true that a majority of investors are not happy AT ALL, including people who used to be staunch defenders of the company. And yes, it is absolutely true that Andrew refuses to provide any real information in writing which speaks volumes and he gets angry and unprofessional as soon as specific answers are requested.
Don't think you can really blame something like this tanking on investor support. Investors only ever react to what the company gives them, they never make up information to be upset about. So if the investors give up by that point the company has already screwed the pooch. Or is it chicken? Either way... And in this particular case investors have been ridiculously patient, gone along with huge delays and kept believing forever. Even to this day there are still people who at least claim they strongly believe in this... Plus everyone is volunteering to help them find their equipment, help them with whatever is slowing them down. The responsibility rests 100% with the company, blaming investors is ridiculous. And if it turns out there was never any kind of reasonably competitive product I doubt the SEC will look at all the promises they made, all the delays, the changes of plans and then say yeah, looks like it never happened because their investors weren't nice to them. If that's their plan it's pretty weak.
LOL it took them three months to figure out that there is another location that has the equipment? How many locations does Intertek have, thousands? If I didn't have money in this I'd be laughing sooo hard.
Their head is too deep in the sand (or somewhere else...) for that. The thing that frustrates me the most isn't all the delays and isn't even all the things promised and not delivered. Those things are really bad but if you stretch enough you can come up with a scenario where they have something real, they are doing their best but for whatever reasons things aren't moving forward very fast. No, the thing that frustrates me the most is that they are denying there is a problem, they claim it's all great and moving ahead and get really mad and unpleasant towards anyone who suggests there is anything wrong at all. And they don't consider us worthy of having any information. There can not possibly be any excuse for behaving this way if you are an honest enterprise. Just come clean and explain to us what is happening, good or bad, you can't hide forever and this won't just go away, no matter what you tell yourselves, people have too much money in this.
At least they are publicly acknowledging that things look really bad. It's a step forward for sure, just depends towards what...
I think a company that simply refuses to talk to their investors, which they do, both over the phone and through a CC or PR, says plenty about how things are going. And as far as how happy we are as a group we could put it to a vote but the happy side would be pretty empty... It's sad cause it used to be the other way around.
If they refuse to have a CC within the near future that would speak volumes about how honest and real the whole thing is.
Andrew has said that they would be ok with one before, maybe a month back but from there to actually having one and actually getting answers it's a long way.
Will we know soon? Doesn't look like the company feels like it owes investors any kind of information, we've been in the dark for two months now...
I wonder if Robert's 400M shares can in some way be used to ease the pain of those of us still holding shares. It is a very significant share of the market cap so it might make at least a small difference. Obviously if it becomes official that they have nothing and have been lying all along (which is becoming more likely by the day) then no number of shares will help since they'll all be worthless... But don't see a whole lot of other ways for us to get our money back...
An SEC investigation is not your best chance of getting your money back at this point. Things moving forward is the way to go, whether they really are moving forward or just look like they are...
Well said, same exact position here. Plenty of reasonable requests, no reasonable answers and company is on purpose focusing on the few more aggressive posters instead of addressing the basic, common sense questions plenty of us have.
Lol so now they are saying that Intertek does have the meter they need but doesn't have "plumbing" at that location??? What kind of plumbing can you possibly need for a water heater?? Is there no Home Depot or Lowes close by? If a national lab like that can't run this thing how is the average homeowner going to? And the meter can't be shipped to the location that does have this advanced "plumbing" because what? And why is Wanderport even responsible for buying the test equipment instead of Intertek? Not to mention the fact that they don't need to be testing any internal components anyway, they should first of all be testing the unit as a whole since that is what everyone cares about.
Are you listening to what you are saying FB voice? Do you really believe anyone over 7 years old would really buy that? You used to do so much better on made up excuses, what happened? And all this stuff you put out there is recorded and will only come back to bite you in the ass once s**t hits the fan. If it's proven there was never a product all these excuses aren't going to look great...
My guess at this point is they are sticking their heads in the sand because they have nothing to show. Not caring just doesn't explain it since when investors are as pissed off as they are now just taking a minimum effort to release some images and graphs is the obvious thing to do.
And being afraid that the tests won't be backed up by the third party results isn't a good excuse. Nobody would take those tests as the final, proven results. It would be just some internal testing performed under different conditions, with different equipment, maybe even on a different stage of the prototype, etc.
Two months to find one piece of equipment... With no updates whatsoever. Seriously Wanderport, are you still claiming that everything is ok and moving forward? At this point the silence speaks far louder than any PR would and makes it pretty obvious that things are bad so stop hiding like little kids.
I'm down for that, sure need to make the WDRP money back :) and been meaning to get back into investing more anyway.
A real investor can't possibly be that positive about the company at this point. Unless they just got into this and with no DD whatsoever. And the fact that the company itself heavily edits the content of the FB page makes that forum completely useless and not representative at all of general investor opinion. Are you listening Wanderport? If two people tell you that you suck then they may be crazy but when a hundred people say it day after day it's just fact no matter how much you try to hide it... And as for spelling on this board i'd say easily above average for the internet.
Sadly they aren't even coming up with excuses anymore. Before they used to make up stuff, now they just say things are ongoing and that's it. It's very worrying that they seem to not even care about putting up the front anymore. There are very simple questions with very simple answers that they choose to ignore time after time, which can only point to something being wrong. If they disappear completely the only option we will have will be lawsuits but that will take forever, cost money and give no guarantee of any money being recovered. Would feel good though and that's worth something...
Wonder if they rescheduled Robert's "visit" to Intertek. Probably if we keep an eye out for the next weather front, natural disaster or transportation strike looming it will be right around that time. And chances are his health is about to take a turn for the worse too. Not to mention the family emergencies. And it might also take a while for the testing equipment they absolutely need to actually get invented. Then built. And then shipped to Intertek by camel, because it can only travel that way. Come on Andrew, what are we adding to the collection of excuses next? Valentine's day? President's day?
I did not invest in an idea, I invested in a product, at least a prototype. A product I was told was completed years ago (and then again and again), a product I was told received at least one award, a product I was told many large customers had already signed contracts on, a product I was told had been through internal testing and did great, a product I was told manufacturers were looking at and a product I was told impressed UL and is now going to be tested by Intertek. There is a huge difference between that and a company that says "how about we make a microwave water heater, hmmmm, lets look into that, who wants to give us money?". Huge difference.
And yes, we are all supposed to be responsible for our decisions. But those decisions can only be made correctly when the information you are fed is correct. When the risk is not misrepresented, like it was here. When the company lies to us, which lately is becoming more and more obvious, it is not possible to correctly assess the risk and decide whether to go in or out. If they had been honest three years ago about what they actually had and what stage they were actually at I would not have even considered putting a dollar into this. Exact same company, exact same investor but a completely different decision due to a completely different representation of the facts on their part.
And nobody is looking to blame anyone, I have invested in plenty of other companies that for whatever reason went bad. Maybe some were even scams. But it was never obvious that they were lying to investors and that they had been lying for years. And sometimes when you lie this way, whether it's in court, in Congress, the board room or whatever, you go to jail. And at this point my guess is that avoiding that is what kept this thing going for at least the last year or so.
It makes no sense if they are on the up and up and genuinely have something. It also maybe makes no sense if they are a scam and trying to get more money out of investors. But it makes a lot of sense if they are trying to build an alibi for themselves, thing like the meet and greet with the "product" "demonstration" and the "testing" at Intertek and the "visits" to Intertek, with all the PRs about the product being almost "ready" and so on... It's all about being able to say "look, we really tried, we really had something" later on when they are being investigated for promising things they obviously did not have. I admit there isn't a lot of proof for this and I really hope I am wrong but more and more as time goes by it is becoming the only theory that fits...
That is exactly what I thought. Why set up a meeting when you already know there is a huge storm moving in at exactly that time. And not giving any reason at all for the visit. Pretty sure it's just a way of buying themselves another two weeks or so. Not even the decency to come up with a story for the visit... If you will lie to us put some effort into it.
It's true that all those negatives could apply to any company but the key difference is whether they are POSSIBLE or LIKELY. With a company that has the history this company does a lot of investors (i'd dare say most investors at this point) think that if there was some big problem or delay the company would attempt to hide it and cover it in fluffy BS. With your average penny stock (like WDRP two years ago) if you get good news you assume that there is a chance they are hiding something but you take the risk. With WDRP right now, they have a very long history of lets face it pretty much lying to investors. And when that is the case it is far harder to assume that the picture they are painting is just as good as they say it is, or even close. Just a "once a liar always a liar" type thing...
Anyway, I really hope I'm wrong, I do, but I definitely feel that way about the company and by the looks of all comments online I'm not the only one. Everyone loved them two years ago, hardly anyone does anymore. And even investors who don't post all day long still read some posts, read PRs, compare them to what has actually happened, what was actually delivered and decide how trustworthy the company is. If it barely climbed to 7c back then when everything was rosy I doubt we see anything over 3c in a week even with amazing news. And nothing over 10c for a long time, again, assuming proven facts.
Nothing will ever happen in a week with this company. Lets say tomorrow they announce Intertek testing is complete and overall efficiency is somewhere between 95% and 99.9% (which is pretty much guaranteed I think, based on what they said so far and what's out there and what's physically possible). Will all the investors jump in then? How do we know the report isn't the interpretation of an interpretation of some measurement, how do we know numbers are measured "honestly" and not some internal component wizardry (which they seem to be looking for), how do we know the unit won't require 220V, that it won't be huge, that it won't be very expensive to produce, that it won't be dangerous or very unreliable. How do we even know they aren't lying before running to Mexico? Not to mention finding manufacturers, retailers, advertising, the AMF, etc.
If they announce a manufacturer, do we believe them or is it more of the same BS they announced years ago with all those contracts when they had absolutely no product at all. If they announced a buyout do we believe them or is it the typical pump and dump scam? There will be a very long time before we really really "know" (within reasonable doubt, like any penny stock) that this is for real and it will make money. Sure, there will always be some people that will take the risk and buy but before, two years ago, you only had to be the average penny investor to buy into this thing, now you have to have balls of steel and there will be far more people looking for a way out than people pushing to get in. You can't just erase 3 years of BS and they aren't even trying. And as for $1 pps, that will never happen, much less in a week.
Some major customer and investor event may have been enough back then when everyone believed in the company and was being super positive. Then they had maybe a couple of months of delays, not years like now, they were not investigated by the AMF, they did not snap at their investors and call them names, they did not refuse to answer basic questions for years and so on. I think things are very very different now and it will be a long and painful process getting investor confidence back up. Just read a couple of days worth of posts from back then and a couple of recent days. Plus they don't seem like they care about any of that at all so they aren't even trying so far.
People have already been through "meet and greets" that turned out to be smoke and mirrors, "third party testing" that never happened, videos that were never released, the product has already been "ready for production" countless times, has gone through every phase known to man and so on. Nobody believes anything they say anymore. And day traders, assuming there would be any, are only going to add volatility and make this a very risky stock to hold, they won't help take it to ten cents and keep it there. This is only low volume because there are no buyers at all, as soon as there will be some buyers there will also be a whole lot of sellers, which was not true two years ago.
When you say three cents in a day and ten in a week you would have been right a year or two ago but not today. There is far far too much "baggage" and mistrust now and way too many people want out of this thing no matter what. There is absolutely nothing the company can put out to prove beyond any doubt that things are for real. Especially not Wanderport, with their abysmal history with IR. It will be a slow climb in pps from here, if it ever happens. There are far too many very simple, basic questions that they could have easily answered and they chose not to while at the same time delaying this for years now. It is very hard for investors not to feel that there is something big they are hiding. And to answer another of your posts, that something they are hiding does not have to be the fact it is a scam, because like you said this does not look like it at all. But they could easily be hiding that the product sucks and it will never be competitive. And that's kind of what it looks like right now, to me at least.
That's exactly what I was thinking. This is exactly the type of vague communication that makes it so easy for people to say this must be a scam. I mean how hard is it to say we need this piece of equipment and we did not get it yet because of X and Y reasons. Or we need to measure this specific thing and we are not sure what equipment to use. Or any explanation that makes sense to a rational human being, instead of saying we have spent the last month sending Intertek one email.
Yeah I agree people ask too much of the company and don't realize how tiny they are. But come on, it costs nothing to put something on FB or use some other means, email newsletter even ihub, to answer specific investor questions and explain things in detail. Right now we are pretty much in the dark and the company looks seriously bad.
If he wanted to share I am sure he would have. And anyway it's really nothing. We need a whole lot more info from the company and a whole lot less guessing.
Thanks Beer, that's probably a pretty good guess and pretty annoying but still better than the alternative, which is they have nothing at all.
If I had the choice I'd much rather get my money back than go after these guys. But it looks less and less like I have a choice so something is better than nothing I guess.
Sadly that's pretty much what I've been thinking lately... There can be a lot of excuses for delays and lack of results but no excuse for refusing to communicate with us. Looking more and more like the pitchforks will come out...
Talking about communicating, if anyone has gotten an email response from the company lately, what email address did you use. I'm getting no replies at all from them.
He's been updating everyone on what the company says on FB and personally I am grateful for that. And he said "from Facebook" because, well... it is from Facebook. And if that's the latest we have from the company then it's the only thing we have to look at and talk about. If we only ever posted whenever something meaningful happens with the company, real progress, or when they release actual information then we would never post anything.