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Wishes, hopes, and charts are the only thing that exist is speculative stocks. There are certainly ways of using the due that may increase your odds, but unless you have the ability to see into the future, or are part of the group promo'ing the stock (to know when the dump is coming), then hopes and wishes are a large part of the speculation in the penny market.
Do your due dilligence, and hope you are right....or go put your money in microsoft or google.
Winning Brands has always been a risky issue which (unlike most stocks) is clearly stated through video and text on the corporate website. IMO the risk is much less down here than it certainly was at higher levels, not because the SP has continued to erode from those levels, but simply because the market cap of this company is laughable compared to actual value.
At these current prices it simply boils down to this, do you believe the company is currently undervalued compared to their current market value? Do you believe the company will continue to increase revenues going forward? Do you believe that financing can be accomplished to accelerate the intensity of growth? AND laslty, are you willing to risk your hard earned (EXTRA) money that could return many times your original investment if you are correct in your assumptions?
Just as I stated, it was a mistake, but not an attempt to intentionaly mislead shareholders. I do believe if peeps would listen to the CC where that statement was made, it's clear that the tone varied greatly from the tone of the other CC's. Some mat call it all hype, and that's fine, but others feel that the change in tone was for legitimate reasons. Either way, BS or a material developement that didn't materalize, it is what it is, and now task of builing the company has greatly increased in difficulty regardless of that statement or not.
Or, it could have been a CEO that may have been given assurances that a huge material developement was about to take place that would have sent the company on a completely different course, but for reasons beyond his control they didn't materalize. I do believe he jumped the gun with the excitement of what he believed was about to take place, but I don't believe for a minute that he simply made that statement knowing full well that the share price would continue to erode. Mistake yes, but complete BS NO.
Sure he can change his mind at anytime just as we all can, but that wasn't the point in the post. There were posters claiming the company was making two seperate contradicting statements about the same subject, and I plainly stated that the CEO's statements in regards to this matter have been consistant for years, and the relate to two different sinarios on the same subject matter.
New CEO Blog
Do it Best: Latest Store Testimonial
Testimonials
by Eric Lehner
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What a team approach looks like! Today we were included in correspondence that was shared by one Do it Best store with other member stores through their social networking portal. We are deeply grateful for this level of goodwill and interest. With our goal that 1000+ becomes the favourite product in the category, it’s a real joy to be honoured by such unsolicited initiatives. They are occurring spontaneously in the heartland of America and coast-to-coast. There is no more down-to-earth and practical community than the tens of thousands of hardware/home improvement stores. Their focus is on “getting the job done”. Feedback of this high quality from the front line means a great deal to us.
Subject: 1000+ stain remover, good new item
Our store received free samples of the 1000+ Stain Remover #635646. In just a few weeks we’ve sold about a half dozen 30 OZ bottles. After seeing their video on YouTube and on their web site www.1000Plus.ca I was impressed and took some home to try it. Under their header “Uses & Tips” they have a long impressive list of stuff that the product will clean. My wife, the perky _____(name), tried it on some kitchen grout that needed cleaning and told me, “WOW I want a gallon of that stuff, look at where I tested it on our grout.” Trust me here folks, the perky _______ is not impressed by much.When you visit their web site, click on the “Contact Us” button to ask to be listed on their store locator. To get your employees excited about the product, let them watch the video. JMHO
Actually that was only 16 cents not 16 dollars.
Don't feel sorry for him lol, this is the kind of scam he likes getting involved in. Check my old post below and follow the link for some interesting information on Papa.
Quote:
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I do know that Papa got something done, now if he would simply tell us that would be great.
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Papa has actually gotten quite a bit done in the penny markets over the years, but unfortunately what he's done that hasn't been illegal has still been extremely shady. For a little DD on him you can go to the link below and do a board search for Tony Papa.
http://investorshub.advfn.com/boards/board.aspx?board_id=19670
I don't know many real traders that need to play with their rent money lol. Not a wise decision IMO
It only becomes personal badgering when the custodian makes a post like this promoting the buying of the stock (after becoming the custodian) and not giving any fundamental reason for the company being valued above the current 1.4 million dollar market cap for the tainted empty shell.
It should be his best effort attempt to clean the shell the best he can, and try to bring some type of viable business into the shell as opposed to promoting the stock and encourage buying of shares in an already over priced shell.
It usually updates for the company's who file with pink sheets when new filings are posted, or shortly afterwords.
pink Sheets doesn't update daily, and those numbers are from the yearly filing. When Q1 is uploaded they should make the propper adjustments.
I don't blame you Wrinks, I am still too skeptical myself to get back in at this time. Todays PR was nothing more than a lot of fluff since they have nothing better to report IMO. Actually the bogus unit they had at the meet and greet could also pass this same test reported today if the PVC fittings were properly cleaned and glued, so nothing new to report basically.
The explaination I used for DD is exactly what it suggest. The particular poster was posting about the amount of 504 funding being used to try to sell products in international markets. The DD I was refering to is in CC's, CEO interviews, and CEO corespondence that address this issue regarding money spent on ambassadores and promoting the international market. This isn't "hope and dreams" or any other word you want to call it. It was directing someone to do their "DD" on this subject, and they would see that it's not a big burden on the company as suggested for this international expansion.
Never did I say, do some DD and you will see we are doing great lol. I simply stated, do some DD and you will see the CEO stated that the international expansion isn't creating a condition that WNBD has to use 504 to fund other than normal operating cost.
I have a slightly different opinion on the international sales inititive than you. Like you, I don't agree that a lot of capital should be spent trying to expand internationaly, but I don't think that's the case here anyway. WNBD has ambassadores and distributors in the international markets that are overseeing these inititives. These distributors buy product from WNBD just as Lancaster, Dynamic, or Florida Hardware would do, and they distribute product to retail locations in the same manner. The ambassadors may have a different set up, but Eric has stated that these ambassadors are not on WNBD payroll, and are commission based.
I see the only cost factor that would impact WNBD is any type of marketing print similar as they use here in the North America. This type set-up allows the North American team of Winning Brands to focus on their home turf, and let the others spread the word internationally.
Then if they do some due they will see those concerns have been addressed several times. They/he/you may not like or agree with the answers given about these concerns, but none the less they have been addressed.
Maybe a little due diligence on your part would answer that question for you. Topic has been discussed and explained many times through past ceo correspondence and also in conference calls or ceo interviews.
Oh okay, thanks.
I never said JRB was still involved. I just ask you what makes you think the IDCN shell should have a market cap of 370 million dollars given your .05 price target.
Would you mind sharing the reasons you believe this shell should carry a market cap value of 370 million dollars, and trade at .05 per share when they have never produced any revenue?
Kind of doubt you will see that happen given all but 164 million shares are held by insiders, and restricted lol. They never like to cut there own throats. Maybe raising the A/S seems more logical if they need additional capital funding.
Seems like Eric provided that answer to you, but you don't seem to believe it correct. So, what difference does it make if they confirm his statement given the fact you may not believe them either.
I believe Eric settled this case with his blog, and those who have a problem with it always will regardless of where additional confrimation comes from.
Eric's answer pretty much explained the reimbursements issued, and the question you have is for the part of that statement quoted below?
I certainly hope you don't believe the P&D BS contained in the press release. They traded 242 million shares today with an O/S of only 622 million and only went to .0007 lol. If they had 10 million in financing secured why would they need to dump into the news lol. Eric would never release such nonsense for the purpose of dumping shares, but that's not to say shares aren't dumped into material press releases, but the press releases are authentic. Just the nature of the market.
pink sheet current information
Don't this just make you wet your pants when you read it haha. Seriously this is some funny stuff.
http://www.sunriseconsultinggroup.net/scg/chairman-message.php
Could certainly be an interesting one to follow going forward. So many questions, and so few factual answers. I'm not sure anyone involved would want to see the SEC become involved in this fiasco lol. Below is a few questions I have.
1) If KA is now the acting director of IDCN, is required to file a form 3 with the SEC within 10 days of becoming an officer listing his holdings?
2) Why hasn't he had to do this in the past given the amount of his holdings in the past has should have qualified him as a beneficial owner.
3) Given his relationship to the company in the past as the investor relations person, which should/could be considered a company affiliate would that mean that his holdings should have been subject to rule 144 if he has sold any in the past?
4) If no to #3, and he is now considered a director or controlling person, will rule 144 apply now?
5) If SEC gets involved, they may find things very interesting between who has recenlty purchased shares prior to the court ruling becoming public information, and the behind the scenes chatter that has gone on between people with connections to KA. No volume for months, and significant volume the last two months.
6) SEC may also find it interesting the newly appointed director made post on a public message board indicating the bid is building on the stock, and things may start happening.
These are all valid issues, and KA may have gotten away with posting all the mis-information/misleading information when he was IR guy, but they will not take kindly to him posting crap on a message board now that he controls IDCN.
Seems Eric once mentioned that the conference calls are very expensive, like 2 to 3 grand each so I would prefer him not raise funds at the current share price for that. I would like to hear him answer some of the questions people have on certain subjects, but not at that expense at this time. JMO
I agree, and hope he meets his fate with the vigor he used on shareholders for the past decade, but if you know you are going down why not continue the saga to delay matters as much as possible. Look at the other foolish cases going on in the pink market today. Years of delays, and no real punishment in many cases to date. Thier time will come, but the more they can delay due process the longer they can continue their wicked ways.
But you must admitt that was a massive one at the time haha, just ashamed that none of it has come to fruition.
Maybe you should do some of your own due, before posting such a misleading statement.
Man oh man, such lack of understanding. We'll look at the businees side first, then the PPS continually mentioned later.
Do you mean massive like this one lol?
NEW YORK, NY -- (Marketwire) -- 01/13/11 -- Wanderport Corp. (PINKSHEETS: WDRP) today provided its revenue per share estimate, milestones and corporate strategy to market their innovative microwave energy tankless water heater.
Milestones and Strategy to UL Approval
In June 2010, Wanderport's Licensor filed an additional patent application pertaining to a unique heat exchanger specifically designed for Wanderport's microwave energy tankless water heater.
On October 28, 2010, the company's Technical Advisor and product licensor, Mr. Robert Simoneau and/or corporate nominee), hired Design 1st Inc. to assist the engineering of the heat exchanger and completion of the water heater. Wanderport holds the products exclusive rights through its licensing agreement with Mr. Simoneau and/or corporate nominee thus, said engineering agreement is signed on Wanderport's behalf.
Wanderport is delighted by its recent accomplishment of determining the proper dimensions for the heat exchanger chamber. This allows the company to fulfill its next engineering milestone which will be to assemble the heat exchanger with those dimensions. The eventual pre-production unit or prototype will follow in a relatively short time frame. Soon after, anticipated efficiency claims and specifications will then be ascertained. Timeline for the unit's completion will depend on the required time to produce the heat exchanger according to the new dimensions and further instruction from Mr. Simoneau who returns from his travels to Asia January 14th, 2011.
Succeeding a pre-production unit, Wanderport shall seek UL approval and other necessary certifications with the assistance of their US distributor, Utilities Marketing Concepts (UMC). UMC's involvement will definitely accelerate the process. Wanderport values its distribution agreement with UMC and prefers to define the relationship as a flourishing joint venture where UMC has already prepared marketing channels and designed installation kits for the product as well as, sourced US manufacturers willing to finance components for a first full production run which Wanderport hopes to begin this year.
Clarification & Financing:
Canadian government grants are not a necessity but rather another option to recoup cash without diluting shares outstanding.
Mr. Simoneau's intention is not to entertain a share sell-off when shares become free trading in fall 2011. Said shares could provide an alternate financing instrument at a higher price to cover additional production and marketing costs not covered by the manufacturer who will be financing components during the company's production run. This should reduce the need to increase shares outstanding and protects shareholder value while maximizing production.
Signed Purchasing/Distribution Agreements with Five Year Projections (distributor's unit cost of approx. USD$450/unit):
Australia's Gavin Ovens Holdings PTY LTD. has projected purchase commitments of roughly $124,656,810 USD over five years.
Italy's Geo Solis di Terziani A & C. s.a.s. has projected purchase commitments of roughly $46,665,000 USD over five years.
Turkish distributor ESS Enerji Ltd. (Energy Saving Systems replaced the previous agreement with Deltoid Enerji Ltd.) has projected purchase commitments of roughly $56,925,000 USD over five years.
Eastern-Europe's Ovaks Ltd. of Belarus has projected purchase commitments of roughly $27,900,000 over five years.
The United States-Utilities Marketing Concepts (UMC), has projected purchase commitments of roughly 530,000 units totaling $238,050,000 over five years. This Revenue is based solely on niche markets such as apartments and condominiums with emphasis on electric utilities and coops. UMC's agreement leaves the door wide open to entertain distributors in other geographic locations within the United States and to explore supplementary market verticals such as; commercial applications, hardware retail chains and residential housing, as well as, a host of secondary sales channels globally and within the US and Canada.
Wanderport continues to entertain proposals from distributors globally as preliminary introductions are underway between companies in the US, Canada, South Korea, and parts of South America in addition to receipt of a letter of intent from a Swiss group.
Revenue per Share
Presently, the number of total outstanding shares is 642,500,940 and projected total revenue is USD $494,196,810 over five years. This translates to revenue per share estimates of USD $0.77 over that same period. At a multiple of five, revenue per share then becomes equivalent to USD $3.85 representing a fair and sustainable shareholder value. "Revenue per share estimates are strong indicators of a company's impact on its industry," said Wanderport's CEO, Richard Martel. "We believe Robert Simoneau and Design 1st Inc. could complete Robert's vision of the pre-production unit within the first quarter 2011 and perhaps a market enabling product within 2011. We are also of the opinion that our product's technological advantage can swiftly catapult us to 'major player' status in the water heater industry and make us an irresistible candidate for a beefy buyout offer which could be somewhat difficult to resist," continued Mr. Martel.
About Design 1st Inc.: Design 1st Inc. is based in Ottawa Ontario, Canada, with offices in Toronto, Montreal, Vancouver, Boston and Los Angeles. The company's product development experts are some of Canada's most accomplished, with 25 years experience in cost effective solutions and pre-production unit development. For more information, please visit Design 1st Inc. at: www.Design1st.com.
About Utility Marketing Concepts (UMC): UMC began as a distributor to the Rural Electric Cooperatives in 1985 and eventually partnered with State Industries, to manufacture its well known "freedom" brand water heater exclusively distributed to the Rural Electric Cooperatives and Utilities Market. The rural electric utilities furnish roughly 40 percent of the electricity to the households in the USA. For more information please visit: www.utilitymc.com
About Wanderport Corporation: Wanderport Corporation holds the rights to Pulsar's microwave energy tank-less water heater through its exclusive Licensing agreement. Pulsar Advanced Technologies Inc. was the proud recipient of the 2005 TIPTA award (TCA; Toronto Construction Association, Innovative Product and Technology Award), recognizing excellence in product innovation and technology development for the microwave energy tank-less water heater. Wanderport Corporation is a business development company making investments and acquiring licenses of products and technologies that deploy "Green" environmentally friendly alternatives which reduce water and energy consumption as well as global dependence on oil.
Important Information About Forward-Looking Statements: Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts.
--------------------------------------------------------------------------------Visit Wanderport Corporation at: www.wanderport-ir.com
Email Contact: inquiries@wanderport-ir.com
+1 (352) 533-4801Source: Wanderport Corporation
Could be a number of reasons why the change in trend, but all are speculation.
1) Funders are low on paper and waiting for more.
2) Eric has bridge in place while trying to close financing deal.
3) Funders just letting it breath a little bit.
4) Funders realize ATM is being shut down, and going to make the most out of the last traunch.
4) And the list could go on and on and on, but nice to see a turn for whatever reason.