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I'm curious where you get the information "grossly over paid budgets for advertising". My information stated from the blogs shows he was able to justify advertising cuts in areas once it was shown that the stores in that area were maintaining sales revenues without the advertising. This also allows the company to retarget those funds to new areas for advertising.
So unless you can back up your comment, I'd say it was misleading or just purely an opinion.
Thanks for your opinion on the salary. If the 3K salary is base on "lack of years of effort and nothing for it" then I would say his salary should be more than the 3K you suggest given the list of accomplishments that have been achieved getting products into major accounts.
If you do the math on how much a discount in his salary saves the company, you'll find that it's not that big an impact ot the bottomline. He has already saved enough per month in operation cost savings to make up any cuts in salary you are suggesting. Just my opinion. Take it for what it's worth. My opinion and 5 bucks might get you a cup of coffee at Starbucks. :)
BTW. Comparing to WNBD to Ford doesn't quite line up.
$3K is pratically minimum wage especially considering being the CEO he needs to maintain a reasonable appearance to the customers. Can't having him going to Home Depot USA in jeans and a t-shirt to try and sell product.
The CEO is an employee of the company and deserves to be fairly compensated for his efforts just like other employees. What do you suggest as a fair salary for the CEO?
"Hey your always welcome to dream but some here may want money instead."
And I want the money also. Didn't say I was investing blindly. From what I've seen watching WNBD work through this economy over the last 6 years, I still believe that WNBD has greater odds of succeeding than dying off. Especially with the events of the last couple of quarters. Not a dream, just educated risk.
" Walmart"
"Correct me if i'm wrong, you had and lost Walmart before, how did those numbers work out for you."
The term "lost" has been questioned. Bottom line is that WNBD lost sales reveune from Walmart while Walmart reorganized their stores. At the time we were in less that half the store than we are in now (320). Annual revenues were close to $500k with just less than half the Walmart store and the Canadian Tire stores. Now we have 320 Walamart stores, the Canadian Tire store, Do It Best stores, etc. so we should see a significant lift in sales revenue in 2012. Doesn't matter what happened in 2010 - 2011 other than it's hurt the pps and cause more dilution earlier than was initially planned.
"Money, revenues, sales, clean balance sheet, building of shareholder value. Need i go on? Hope that clarifies things."
Thanks for clarifying. All these are in work and that's what I would expect at this stage in the game. That's the risk but the reward for me seems worth it. Everyone has there own ratio. This is not a S&P500 company. It's a startup that is at a critical junction to capture revenues this year. I currently have faith in the WND team that can be successful. That's why I'm invested and putting my money on the line. It's a speculative stock therfore that means that there is only so much I'm willing to invest. If it hits, great. If not, I haven't lost any funds I wasn't willing to lose. The CEO has also made it perfectly clear to investors that this is a highly speculative stock.
"sounds like some big psychological strategy here"
No psychology. Just an observation. Besides, what makes you think this was addressed to you.
"All those stores you name drop were in the fold in 2011. Also, sales haven't broken 600k"
Two of the largest, Walmart and Do It Bests, were just beginning to stock at the end of 2011.
GSA just getting on line with no contracts in 2011. 2012? We'll see.
"Lots of things more important not in place"
Please clarify this comment. I don't want to assume what you mean.
As far as the 1 million comment. Yes, I and most likely others know that is not enough to stop dilution but it does buy us more time to get more sales volume to cover expense versus dilution.
When yourself and similar persons stop showing up on the board, then I'll truly start being worried about WNBDs chances when it's at these levels. While you guys are still here and find it worth your while to comment on WNBD I know it still has legs. As long as the pieces keep falling into place this will continue to climb in 2012 and then begin to fly. Lots of pieces in place already and more coming for 2012. I expect WNBD to clear 1 million in 2012 and would not be surprised if they could be self sufficient by the end of the year with the help of some big hitters.
I believe this is the reason you guys hang out here. You know the potential WNBD has. You just choose to point out the obvious hurdles instead. And I believe every investor here realizes that WNBD still needs to clear those hurdles to make it.
Sam's Club Road show continues
- Proven to be able to capture up to $560 high per day per store (do the math on possibilites)
- Final possible win would be WNBD stocked in all 600 store x daily sales (?). Game changer.
Do It Best stores
- 300 stores already signed
- Goal of 1000 stores in 2012
Walmart Canada NA
- 320 stores
Home Depot Canada NA
Canadian Tires NA
Duane Reade
Government GSA contract
- Value unknown. Could be game changer or not.
Someone doesn't want it to print .0008 for the EOD. Still time though.
I think he got that off the GSA price sheet which look to be more like wholsale prices for volume buys. I'm sure if Dennis wanted to buy product at the volume that government does, Eric would give him the same deal.
Hi Dennis, you keep misquoting me. never said dilution was over. Just for that period of time. I foresee dilution continuing into 2012 though shrinking in the amount as revenues grow as a worse case. Of course a large contract of any type could be a game changer any time in the year (USA NA(s), large GSA order, Sam's Club, Walmart, etc.). Also what we have to wait and see is the impact of the Do It Best stores. They seem to be growing but no real numbers back that we can evaluate.
Dilution isn't over but I think we'll start seeing an inverse shift of the dilution staring to decrease as the product shipment increase. I think we'll also start seeing the PPS start to climb when start seeing concrete eveidence of this taking hold.
Lot of sells at .0005 today. May have ended at .0006 (paint?) but EOD PPS doesn't tell the whole story today :(
The only thing I would argue is the "WITH NO OTHER WAY TO RAISE MONEY, BUT DILUTING". Sales are key to reducing the level of dilution. Right now I'm estimating approx 3/4 of the 100K overhead being met by dilution. The dilution I believe is decreasing but not fast enough. We need a real shot in the arm of revenues soon such as an NA or large GSA orders to at least give us relief from dilution until the rest of the sales catch up and dilution is no longer needed.
We do have new sources of revenue coming on line (Walmart, Do It Best, etc.) but until financial reports come out, it's difficult to tell how they are truly affecting the bottom line. It will be positive, but I've got a feeling it won't be enough yet. 2012 IMO will be a critical year whether WNBD will survive or not.
Dennis, This is the quote from my post:
The facts are clear. There are only a couple of brokers not willing to allow trading of WNBD. The remainder seem to have no problem. This has been an inconvenience to the investors that use those companies since they've had to open additional broker accounts to but WNBD stock. I've never had a problem and I am with a major broker (Fidelity).
No reason to spend money on lawyer fees when this is isolate to a couple of brokers. This topic has also been covered in detail by the CEO. At this point, I have no reason to not trust his judgement on the subject.
Dennis, You never responded to my $150K question. Here's a copy in case you missed it.
--------------------
Where do you get $150K? No where has it been annouced that this amount is needed for operations that I know of. I have seen it stated that $2.5 million in revenue is needed per year to be self-sustaining. That equates to slightly over $100K needed for operations per month. Given that a conservative estimate of yearly revenues this year is about $600K, that leaves only $75k that needs to be raised to pay bills. Still quite a bit more than I'd like to see but well below what you're stating.
You've read my reasoning. Now please show your reasoning and numbers for where you are getting $150k. I may be missing something but I don't think we're selling near that many shares per month to cover what you're stating. Thanks for your input.
NOTE: Assumes 100% margin (ie. 4oz 1000+ sold at $2, cost $1 to produce)
Where do you get $150K? No where has it been annouced that this amount is needed for operations that I know of. I have seen it stated that $2.5 million in revenue is needed per year to be self-sustaining. That equates to slightly over $100K needed for operations per month. Given that a conservative estimate of yearly revenues this year is about $600K, that leaves only $75k that needs to be raised to pay bills. Still quite a bit more than I'd like to see but well below what you're stating.
You've read my reasoning. Now please show your reasoning and numbers for where you are getting $150k. I may be missing something but I don't think we're selling near that many shares per month to cover what you're stating. Thanks for your input.
NOTE: Assumes 100% margin (ie. 4oz 1000+ sold at $2, cost $1 to produce)
Guess 504s aren't done afterall.
I agree that there is no sense chasing shares right now if you are already content with the size position you have. On the other hand, if someone is just now building a position they have some decisions to make on whether they want to risk waiting to accumulate on the bid. A spark could set this rocket off at anytime and they could miss some huge gains when this takes off.
Wonder how much this has added to the 4th qtr revenues. Too bad we have to wait until Febuary to find out.
Only if it's dilution by the 504's and I've got a feeling the latest round is over. There's been a lot of strong buying @ .0006 the last month or two so I don't think many shareholders are going to want to sell at .0006 or lower unless they need the cash elsewhere. You may get some .0007s though.
Figured I'd make a big deal of it since a few here were willing to make a big deal of the loser trade yesterday of 5000 shares that took it down to .0005.
Let's see. Thats $.0005 x 5000 = $2.50. Subtract discount commision of say $5.00 and you have a total net loss of $2.50. What I call a true paint job that someone was willing to buy into.
Nice 40% move up! Like I said yesterday, let the paint dry and the real price will show up the next day and give us a large percetage increase relative to yesterdays close. Back to trading between 6 and 8s.
We should let this paint dry so we a huge percentage increase tomorrow on the open when it goes to the real price. We all know that nobody sells that small quantity of shares for such a huge percentage loss without trying to manipulate the chart.
I've been here since 2006. Just wasn't posting at that time. My earliest shares I acquired were on 08/17/2006. At the time, the talk was mostly about possibilities of WNBD Wet Clean product line when talks of govt. regulating drycleaners and the chemicals they currently use. If Wet Clean had been WNBD's only product, I would have been long gone. And yes, I took a big loss on those shares.
The main reason I've stayed is I see an honest business plan being executed and obstacles overcome to get WNBD's products into leading stores with sales increasing. 1000+ is taking the lead in the charge but it is just one of many products the company has. If govt regulation threats happen again, you could even see Wet Clean take the lead.
I think it's a bad assumption on your part thinking that people are dropping off though I'm sure there are a few but quite a few new investors have come on board since then too.
Do have your shovel to scoop up shares at these prices?
Up 14%. Keep believing!
If it's trading so little, why are you worried about how fast the dilution is? Seems your posts are conflicting.
Ouch!! I know we're comparing against last years qtr but we've also made a lot of head way since then adding stores. So where are the revenue numbers to reflect that. Good job on cuttng cost for lowering overall losses but we really need the revenues to pick up in a big way. I was expecting it to at least beat last year's numbers.
We've got a $25K head start on the 4th qtr so revenues need to be huge as compared compared to last year. If not, I'll be the first to say something doesn't add up given the contracts we've landed lately.
Realistically I think your estimate needs to be bumped upward. If we are only selling one per store per day, I don't think we'll even be in Sam's club. These stores work on volume so multiple bottles of 1000+ need to be moving off the pallet every day in every store. Key is product recognition once we have earned a permanent spot. With that, it means your numbers will be huge because we're in or zero because we're out. I have every confidence we'll be in.
Expenses are decreasing per the CEO. Surprised you mentioned the opposite. Like to know where you got your DD.
I think he may be posting on the wrong board. Any small amount of DD done on WNBD and you'll find that this company is for real and has integrity.
I think if you added up all the hours he puts in, his rate is more like $29/hr. You're assuming a 40 hour week. I can tell you anyone on the road and interfacing with customers as musch as he is, he's putting in more like 60 to 80 hour/week.
Just when I think I have a nice enough position, these PPS prices keep tempting me to buy more :)
Your statement
WOW! Up 100% or more from the .0004 low. Amazing how numbers work. You can make them say anything you want. Just have to put them in context.
Taki, Thanks for sharing but I wouldn't blame Eric for your trading decisions. Looks like you could have at least cut your loss in half by just waiting a few days.
Nice paint at the end of day BTW. Gives me a clue where some of those were coming from.
Nice post. Lays out the quarters nicely. I'm real interested to see how this Q3 does compared to the last Q3.
I have no problem purchasing plenty of WNBD stock through Fidelity for the last 6 years! Bought some more recently.
Littlefeet,
Thanks and best of luck to you too. I'm definitely a "budget investor" but have been able to build a reasonably sized position. Especially in the last few months with pps so low and oversold IMO.
Believe the company is making the right moves with the limited resources they've had in the past. I say past because with these new opportunities comes more revenue which in turn gives the company more money to go after greater opportunities and grow the company exponentially.
As far as our associate that normally posts on the board, he could be just going stealth. Maybe just caught up in the TDA thing and just on the side lines. Kind of doubt that. He seems to be a good trader and I can't see him missing out on this opportunity.
GLTY, Wizkid