is charting
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really, we get ubs to move up but etrade is sitting at 8/10? today would be a great day for some buying. i think 10 would fall easy if some retail moved up. i doubt nite would hold 10 if etrade moved up the ask to 11 or 12 like ubs and some buying hit those 10s. then we will see how strong 11 is, if that one isnt strong either breaking it could start a real breakout.
weekly psar is at 11. if that flips that is very very good.
bid sitting time is over, today and tomorrow are buying days to spark a run.
agreed. and who knows maybe all this went down while he was in china or mexico and has not been able to address it.
either way would i use them if i were looking for a roofing job? no. not at the moment. but if someone did and i were say home depot etc would i not sell them tiles to do the job? seriously, what does this effect?
maybe it means the guy is a big liar and has only had 1 customer over the 4 years he has been in business and that 1 person had a complaint so there is no chance of doing real business here. maybe in fact this is prior's side business under an assumed name. could be. we will see.
yes news is taking forever to get out but the past few days have been good ones. we need more green but wow i figured more people would be happy to see 10s again. i guess we need them to break.
and no im not happy with the current pps or state of news, but i also dont think there would be this much 'fringe' stuff and a rise in pps if its all bogus. we will see. really hoping we see news and/or end the week over 10.
well this is that quiet stage i mentioned a while ago. its good and will hopefully soon be followed by surprise news. that is always the best kind. today was not a good say for it, why i didnt call this out on my possible dates post, as the hourly only stopped falling around 2/3pm or so. note there were mainly (and yes will so low volume its king of whatever) buys during that time. i would have prefered to see someone move off 10 and have etrade and ubs move up to 9 but hopefully that will happen tomorrow.
tomorrow or thursday would be great days for news. also remember this is only the 2nd or 3rd day that the daily chart has shown up. all in all not a bad day. low volume, on consolidation time thats ok, decent ask buying especially during a down time for the hourly, and an uptick. yes i know its only an uptick because yesterday was down but again a 7 to 11 move was pretty bid percent wise so some consolidation is ok. plus we have that tough weekly and fan line to break. a close of 10 tomorrow with some decent volume, not the paint of today, would show the first sign of breaking that weekly line. that would be huge.
i would say more disappointing than troubling. then again it sounds like good news in a way. it is very common to tour a plant before placing an order. and yes i know the pr said they already had so that is annoying. and yes he again gave a timeline of soon, though he said before the end of the year. and this is from an external source ie not prior. i can understand how working a large project can get in the way of starting others, happens all the time. this delay is very long though, i am not dismissing that. but bottom line this is an update, so thanks for sharing. hopefully we do see that order by the end of the year.
yes, yes it did. and if we actually get supporting news this time could work out much better.
as for today, despite the more optimistic spread the hourly will still be declining and resetting. so we may still have some pressure as consolidation continues. remember etrade and ubs are not on the board yet. they had the 10s yesterday. however they are not on the board yet so we also want to see them move up to 9 on the bid. that needs to stack. no matter where we close today, though 10 would be much better technically, so long as the bid stacks and ask thins we are good.
that means we want etrade, ubs, and doms to join the 9s. an uptick would be awesome and could happen as the hourly starts to turn this afternoon. ending at 10/11 would be perfect. then wednesday can start a true run making thursday a perfect news day.
note the last paragraph was hopefully thinking, not prediction. i expect the morning to have some selling. the lower volume the better. i expect mms to bounce around playing the game but as the end of the trading day nears i expect more on the bid than the ask and to end at 10. if the spread is 10/11 great, if 9/10 thats ok too so long as 10 is thin and 9 is heavy. then tomorrow we see the uptick(s)
i also expect we hit some more resistance before 16. not saying it is as hard but that depends on momentum and news. 16 may not even be strong depending on when/how we approach it. it is filled with non-major players here. one of which is pushing us up so it may be a front. we will know more as we approach it but 16-18 can be a trouble zone or a support zone. real key will be 20.
lets see how the day unfolds. but +70 wow, big change from -100. lets hope it didnt overstretch already and this is just a start to a new + trend
nice day friday. good foreshadowing of a move to come imo. we all know 10 is a big resistance. then add in a weekly bear line and the final fib fan line from the last move and this is a real big resistance. the first crack to 11 was great. it faltered because it hit the weekly line and the top of our current daily bull channel. plus the hourly chart became overbought.
so what we need now is some consolidation over the next day or two. remember the daily only just turned from the bottom on friday. so jumping like that while still in 'negative' territory indicator-wise is good. we now have a new daily and weekly support, plus we are back over the monthly support line. cheer. the first thing we need to do is break the weekly channel. that can happen as early as wed/thursday or as late as the 2nd/3rd so i would start looking for news sometime between there, would be a good time for it... oh and the hourly should be ready for another climb by wed/thurs as well so holding 9/10 until then is good consolidation. chip away the resistance, build more support time.
and yes that would mean a break of 10 when we break that weekly. however the monthly and weekly support will not be above 10 until mid november so there is a chance we test 9s after the break up until the fib fan breaks. but this all depends on which daily channel we respect. there are two, an aggressive and supportive. right now we are in both. to hold the aggressive we need to crack 10 early thursday and hopefully end the week at 12. that would set up a very nice november. if not its just a slower build but we are moving in the right direction.
so remember the next day or two the hourly is resetting, expect some resistance. we are only just starting an up move. last week was a nice weekly candle. the monthly candle should be real strong this week as well since the hourly should be peaking by the end of the week.
good stuff atm, would be great if the pr engine fires up soon. then again we may raise without it a bit to give us a higher support for those who like to sell into news
yep, last time smartscan said something like this we went form sub 10 to pushing 20. not a bad reversal, good 100% as being called.
hopefully this time there is some good supporting news and its a true reversal, not just a bump. thanks for sharing, lets see what they continue to say! if last time is any indication we are days away from trying to for 20s again.
this will never move without news
this is headed lower
its just mm games and paints at the ask to make you think this is safe and support all their selling at the bid
1s are coming if not no bid
charts can not tell us anything, no technical indicators
hmm
oh and now mms games to bring pps up? on decent volume? pretty much all buys?
oh wait you mean it went up and not down?
the bid is higher with more support and the ask much thinner not only at 9 but 10 the bid resistance point?
all this on no news to speak?
and wait a technical cross right after it was called out as a possibility?
no way this is reality, must be an illusion to make us happy and think a trend can reverse. or maybe we should only be happy if it spikes to 20 in a day instead of a slow climb. or better yet a climb into news that really jumps it.
no, no this can not be. must be ready to fall even lower under support as the above states and this was just to give us 1 last smile and feel better when we buy up the next big round of selling.
cant wait to see where this is when i get back. lets take some bets: lower, higher, or the same (8/9)
sounds to me like a few people didnt get their orders at 7 filled....
im going to throw out some dates right now, kind of like future word association or call it playing the law of averages :)
10/27 and 10/29 (in fact all week could be interesting)
or
11/1, 11/2
or
11/8, 11/9
11/15, 11/18
11/25
12/2
12/7
the problem is i dont know what path we are on yet. so which dates are actually important and why, i may have missed some too depending on new data, will be revealed as we go. but for now well my guess of 10/25 or 10/26 isnt so far off being today is the 21st and with the weekend only 3 or so days early... and i dont really count it until 9 is on the bid but psar did flip today.
more importantly the bulls made a big statement in crossing a fan line. so now all that is left for another up move:
1 more fan line. a weekly bear line. a monthly bear line. oh and that pesky cup top line but since the pattern died that may be a phantom line now.
other than that we just have normal fib lines which without channels mean bulls can come out to play more. is there more work ahead? yup. could we stay sort of flat or not much over 10 while fighting those lines? yup again. but most if not all should be crossed this year. along with the new time zone forming late nov/early dec well 2011 may be a breakout year for owvi. kind of on line to when prior says 1wc will be profitable.
got to love coincidences, feel so much better on green days. and not fake green days. ask slapping, decent volume, upticking green days!
btw weekly psar flips most likely if 11 gets tagged next week (its 11.1 atm) which = huge technical indicator and something that we could not accomplish last run. weekly candle currently open at 7 close at 9. great. lets finish it out at least at 9. and for next week, which ends the month, well monthly opened at 9... can we say green hammer and first green month since july if next week closes at 10+. wow, so even if 11 doesnt crack next week a close of 10 sets up a power week/month for november.
mine shows 14m and the big bad 9 wall going away...
sorry for those sitting at 7, maybe its time to think anything under 10 is a great entry. or be one of those pains who buys low and tries to sell at 10. good luck
i know we used to say anything under 20 is a good entry. still feel that way long term. but got to admit even short term these 7s, 8s, 9s, and probably 10s will be a 100% play soon.
oh and this is on no news to speak of right now. and a chart down cycle. wait until news and the up cycle hits
check that bid wall at 7. check the names who no longer sit the ask. remember the chart bike put up, check the board posts this week. watch the positive return.
shame in away tomorrow and monday. hopefully i dont miss the real fireworks.
go owvi!
so i guess my comments the other day about the bid wall possibly being a 'fake' werent too far off no?
so lets see how strong this 9 wall is. i believe that will make a nice looking chart, will check later, but 10 is the real key return.
still might be early but hey looking good for next week no? would be nice to see some more bid stacking at 8 too...
wheres dang? good time to tap those 9s!
(edited) interesting:
vert - bid - 1 to 8 (think it was 1, if not 2 but whatever)
vert - ask - 8 to 11
will it stay that way? no clue, csti went the other way and bmas left. but that 1.5m buy just went through so timing???
we get some retail (etrade) back to 7 and the b/a is pretty darn close. then add in nite coming back and well..
oh wait another 5m ask buy, im really thinking next week may be a good one. but buying always makes us feel good right?
edit: now a 5m sell... well at least we have some volume and for a first in a while 50%+ is buying so far...
so what you are saying is prior is the one making the 100 share transactions and storing up news so he can buy in big then promote? actually this is kind of what happened last year when he made the financing deal (the note used to buy tutamen and ist then issuing note holder shares, the 2b or so, real cheap followed by a big promo). this is sort of what i expected would happen with the last 500m shares but did not pan out as hoped.
note this is not to say i do not think there is an audit or real news, just my take on how the pps and timing would have worked.
so could your theory hold water? sure. though it is in opposition to your first statement. i think he does have the audit. when will we see it? well that may play into your theory. the question is what level is the buy in planned for?
then again from this level how much lower can it be? and wouldnt we think the ensuing promotion will take it much higher, as in back over 20s? making this a pretty good level to be in if you can wait for said theory to come to fruition.
but lets also remember prior has a lot of shares already. so i am hoping the next push takes it higher than the last push. it is kind of how the game works.
run a stock
stock loses steam and falls
fear, bashing, etc. push it lower
then quiet sets in and people forget
new buying kicks in on the dl
run the stock higher
i am glad we are getting into the quiet stage. hoping it is a short one and we start hearing something soon.
jeter:
there is always a spread (bid and ask) on a stock along with the last price. the bid represents the highest amount someone is willing to pay for the stock. the ask is the lowest amount a holder (or shorter) is willing to accept for the stock.
transactions can take place at the bid, ask, or in between (if there is room in the spread). the last transaction is the last price.
price can fluctuate between the bid and ask many times until orders are filled. mms decide when and how to fill orders, normally its first come first serve. so if orders at 7 have been filled before yours it means other people have been on line longer. mms can process orders at the bid or ask. so if it goes from 7 to 8 it means someone put in a buy order at 8 and was filled, but the order was not large enough to remove the ask of 8.
if you are bid buying there is never a guarantee you will be filled unless price goes below the bid. so your question would be valid if your order never fills and the bid or price falls to 6. if you put your order in at 8 and it is not filled then you may have cause to wonder. the advice there, and in any transaction for a penny stock, is to remove the 'all or nothing' option which allows partial fills so mms do not have to match amounts, which could also explain the 100 transactions.
so make sure you do not have 'all or nothing' enabled, or make sure you are allowing 'partial transactions'. or try putting the order in at 8.
but for that, if you so choose, i would wait until next week as the chart is showing down cycle so bids have a good chance of being filled. hitting the ask will help much more when up cycle shows.
well in a way yes, and yes that is sort of a cop out. i did not say it will break through this time just giving timing for next it has a chance. i do believe it eventually will even if this is not the time and i will continue to point out the times it has a chance so thanks.
i also said its a bit early to tell and i will update as we get closer. as i said its in a down swing atm. that may not even end until later in the week so you may very well get another 'next week' and eventually it will be right, too.
just saying to note the difference between me typing 'next week starts an up cycle and we will break 8 for a technical turnover' and 'next week looks like the current down cycle may end meaning an up cycle can form. if it does happen to break 8 that would be a big technical turnover'
i know the current state here is to shoot first but maybe we can all change that on both sides of the issue...
well see thats the thing, no slap or paint will crack 8. so yes, hitting 10 or even now 9 again will be a technical turnover. and yes that will most likely only happen with news.
i do not see how what i said is not true. especially since i used a lot of ifs and possibility in there.
if anyone can 'slap da ask above .0008' that would be huge, but just slapping the 8 then no, no that would not be. there is no way this will be 'painted' over.
go re-read before you attack me
cracking 8 would be a big technical turnover (well obviously see the 6 deep wall there, though then again there has been very little 'buying' so who knows how deep that wall really is and how much/little it would take to break it especially with all the volume that has hit 7 the past week+).
not saying it will happen but right now there is a chance the bottom, as in downward pressure ends and upwards may start, could be around monday. still far off to tell so thats a preliminary guess.
not saying it can not go lower or take longer. also not saying the upswing will actually crack 8. but if its going to happen could be a good chance it does so next week. would at least be nice to see some ask volume and a few knock outs on the wall.
would also be a good time for prior to start some communication...
right now the hourly is in a down cycle along with the daily. so i would expect some bid volume over the next few days but again it should abate by monday and possibly be ready to turn.
despite the chart not behaving for a while it did this week. we had bid pressure until the hourly hit way oversold (for the first time in a while) and then yesterday and today (while it was rising) we some some little ask volume and virtually no selling. hopefully support holds on the ensuing down cycle. then when the hourly is ready to turn up again the daily may be as well. note the daily has been in an 'up' cycle until pretty much the 8s cracked over a week ago. we need volatility, preferably in both directions. so far we are getting the down, next we need the up.
hey chris i understand the frustration and i am sure all here would love to know exactly what is said/thought by all involved. but i am sure we will find out soon. i am happy tg shared with us. i mean if mike had just said he heard from prior saying its not true and he will pr about it soon instead of posting the actual correspondence (pretty close to what tg did) would it of been any different?
so looking forward to anything anyone else here hears and can share. even if just summaries. always good to hear when people are feeling good about their investment, makes me feel good too when i am in the same.
agreed. the words 'next week' have been sinister here are times but that is what i am hoping for. within the next 2 weeks (by 11/5) at most.
whether priors words have always happened the we, or even he, has wanted, when he can control all elements of timing he has been pretty reliable. i am sure there will be many things pointed out conversely to this statement but again, 'can control all elements' are the keys words. as in whenever he said he would pr, he has. whenever he said he would have a webcast, he has. etc. things like contracts, orders, even the audit, anything when someone or some other business is involved can always mess with a timeline.
if he says he will update us i am sure he will. again, whether it explains everything to our liking or is worded with the utmost transparency remains to be seen. but either way it will reopen lines of communication and at least provide more material for as one world turns
today and tomorrow would be good days for ask buying (note there have been very few sells today). with that wall there, and no news expected until at least next week, the 7/8 should still be there in a few days.
in other words, with not much difference between 7 and 8, today and tomorrow could possibly see some buying knock a mm out. without the buying then by thursday/friday or so we could see some more 7s fill where additional support is appreciated.
too early to say 100% is 7 is the bottom but it seems pretty strong. historically it has held. bid support is much stronger than the days of 9/10 saw (with only nite and etrade really supporting and 1 is retail the other making a market) plus many more shares were soaked at 7 recently and the bid continues to stack even below this level.
and chart is finally starting to show oversold status beginning due to the recent movement and volume as opposed to the stagnation we had seen. meaning if this does hold then the next cycle as a much greater chance at breaking 10 than the last which just held there for a while.
gl with whatever you choose. we will be here
good to hear mike, thanks for sharing. hopefully we see something soon. while some things have not always happened when we wanted or how we wanted history does show prior has normally updated when he said he would. whether it has the message we want or is cryptic remains to be seen, but i believe we will see something soon.
no, we just try to not get involved with all this squabbling and are happy to wait for it to blow over. what it does affect is this board, and right now (yes red pps affects this as well) the mood here is bleak. hopefully some green with cure both. but that is the issue, not the company.
yes. and another quarter or two of non-profit is already in the game plan. the last pr on the financing said while the goal was not met the funding to expand 1wc was there, most of that funding was in hopes to expand ist.
going into this year prior projected 1wc to turn profitable. lets remember things did not really get rolling until april. most new businesses are not always profitable year 1. yet after 1q prior thought they may turn the corner by end of 3q. that sounded very optimistic and in fact in the last release he went back to hoping for by years end.
it may not even turn until 1 or 2q next year. however that still means it will turn profitable within the first year of business from open which is not bad at all.
however if money is reinvested to continue to grow locations i would be ok with it not turning profit even longer. the real goal is for future growth to be self funding. this would take the reliance from tutamen which could then either show a profit or use those funds to grow ist.
will there ever be a need for additional funding? hard to say. the plan was to be self funding next year. and once 1wc is really churning it should be much easier to secure favorable loans or financing.
or, if this level holds, in 13 days or so when they need to cover any naked shorts we could see a push up. hard to tell. its interesting and could shed light into yesterdays action but who knows how much it applies here or what effect it will have on trading.
also depends what you consider a long wait and what pps you need to make money... lets see what the next few days bring in light of this
good points. and so long as people think owvi can make them money it will trade. now its down, later it will be up, then down, etc.
for those that do care heres a correlation:
my company is currently starting up a retail line of product to compliment our b2b business. it has been almost a year now, a very trying one, and we are not that much closer to market yet. (personal note i am very frustrated as i am not used to this but this is a new ballgame for them and my hands are tied a lot, sorry for venting)
what is my point or reason for sharing? well if we were a public company you may have seen:
signing an agreement with a national sales organization for representation. but months ago and nothing since. is it still on? sure but they wait for product from us. i doubt they tell anyone who calls about it unless we give the go ahead. doesnt mean it doesnt exist and we arent working toward it. see any relation to owvi news?
formed a partnership with factories and agents in china. again months ago. we even have had samples ship. see any relation again? but no product yet. working on pricing, details, etc.
we have even had meetings with national chains you would have heard of. did not go anywhere yet, we dont have product. would they confirm this? i doubt it, doubt you could speak to the buyer we spoke to. its standard business practice.
we have hired a new position. ok. shows we are serious.
we have had meetings with marketing and pr firms.
we have a relationship with a trademark lawyer. its not filed and done yet so you wouldnt see anything. but we paid money and have them on tap and will again.
no new offices were opened. not even up to signed contracts or pilot runs.
we have a website up. wont do you much good, product isnt finished. only thing that would not be a dead end there, as i would not reply to your email requests as i dont know you and you dont work for someone we want to sell yo, is the phone number is the same as the main business. that may change.
we are private so not much needs to be shared. we have an accountant, no firm. but i am sure everything spent on this project is hard to find on our financials. business expenses.
my point? some times things take time. i bet our pps would such right now too.
but i also know we will have product out at some point and hopefully will be selling it too.
yeah, i had a bad feeling today when vfin and csti were there. but the low last year was 4. it dipped for less than a week and rebounded over 10 after that. we are under the lower bb atm so a correction will be due soon.
the flat move could not sustain. not sure how high this can bounce without news but normally takes a dip to have a rise. indicators needed it as they keep showing up and well we have not been.
we also just crossed a major fan line. at times they pull on pps. timing is interesting. all these new players are interesting. i am not the best with level 2 but that looked like a scare you to sell move on the ask followed by the quick retreat on the bid. for a long time now people have been stacked or bouncing at 6/7 so maybe this was necessary. maybe if it had happened a few weeks ago the last news would have moved pps.
right now there are a lot of maybes. but i dont get who is selling here. only thing i can think of is restricted shares coming due. its been a year for some of them, possibly 6 months for others? hard to say. but i know last i checked, and we have dangs numbers posted so we know it didnt go up, restricted shares were around 50m. and if they were given free then 7 is a nice gain. but i doubt it started today.
still makes no sense to be at this price with less shares then others trading higher.
ah well at least this will make some change to the chart for me to check later when more data is in.
yes protecting yourself is always good. though i would suggest not doing so with stop loss orders. remember mms can see these and will be happy to dip down and trigger them, especially on low volume like we are seeing where manipulation is even easier.
though what we need here is some buying. one good push should do it. just need a catalyst
so theres a lot flying around now on shares and where people are. as to the latter i agree with previous posts. we are all here waiting for pps and board to change
as to the former: the o/s was open when dang called. so its closed now? fine. the a/s has not changed. there was about a 50m difference at that time. so could we be feeling 50m shares worth of dilution? sure. big deal, itll be over soon if that is what it is. then again that was almost a month ago, so very soon.
what else... oh right there were around 50m restricted shares if i remember correctly. could those be coming due and now entering the float? sure. so maybe another 50m to work through. fine. just means a little more of this selling pressure. could explain bmas and now csti. whatever, it will be worked through like last time and in fact should provide a pop once done.
as for the share count, no we do not exactly know what happened with those 500m shares. could prior be partying on the 500 to 750k raised right now? maybe. we do know the business is open and not a fake so then again maybe not. plus the second hand communication.
then there is what he said in prs it would be for, to grow the business. oh and the tutamen job posting for wind engineer or some such. ties into the last communication (what last week? such a long time ago) saying we will hear wind news soon. sounds like alternative energy to me which is ist domain (owned by tutamen) and what prior said the money would be used for.
so no, we dont know. yet. we will.
and finally on the 2b from last year. well that has been clearly communicated in prs and webcasts. it is also clearly spelled out on every financial report since year end 2009.
should be just as easy as a type on the top of a statement of cash flows to find...
great to have you back dang! and yes last week was decently exciting, really could of used a bang or two of 10 though. might look a little different right now if that had happened.
but it will in time
it is yes, and volume is nice but it has eaten that impressive bid wall... if it had only been at the ask today we may be at 9/10 right now.
though what kills me is the 'we', that should not be.
either way chart has been showing down cycle for a bit now so we need some down time to let it reset. last time it was in an up it could not break the 10 barrier. hopefully when it starts the next up cycle we get some good news and break it.
since the stock was sold from july on i would have to say it would appear on the next quarterly report seeing as that is the first month of the 3q quarter
next
did you not read my response? the column header was wrong. statements of cash flows compare current quarter to year to date numbers. of course the ending cash should be the same. one column looks at april 1 through june 30. the other looks at january 1 through june 30.
i break it down more for you here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55292120
bottom line, yes there is a mistake in the header. it is mis-labeled, but the numbers are right. anyone familiar with a statement of cash flows or with reading financial statements in general would know this hence why i did not pick up on the mysterious error before. i did not pay attention to what the header said as i knew what i was looking at without it.
on the statement of cash flows:
it is called an error. i see it now. but you are wrong, the 37,310 is correct.
what is incorrect is a statement of cash flows does not compare current quarter to last years current quarter as a balance sheet or p/l does. it compares current quarter to year to date. the error is the heading was incorrectly labeled.
it should read:
2q 2010 opening cash: 122,793
2q 2010 change in cash: (85,483)
2q 2010 closing cash: 37,310
ytd 2010 opening cash: 63,271
ytd 2010 change in cash: (25,961)
ytd 2010 closing cash: 37,310
so the chances they are the same? 100%, it is only a problem if they are not. is it good he made a typo? no, of course not. but we all know this was rushed out due to the status as a stop gap until the audit comes out.
sorry it took so long to post this, have been in meetings. bottom line, the numbers are right. the heading is wrong. go check any financial statement for any major listed company under the statement of cash flows.
next, try again
good thing there is an accounting firm involved now to catch that huge 5k error!
also amusing to see how 'we can not trust or believe any numbers in an unaudited report' quickly turns into 'look at the glaring errors in the report'
guess that means the 'errors' can be trusted but none of the other numbers can?
no i am still decently happy with the report, understand the timing, and know the audit will be out soon.
next
yes and things like consulting fees is no longer a section. i noticed and personally believe that is tied directly to the audit. i can only imagine that there are new categories or as you mention numbers were shifted to more closely reflect what bt suggests as the proper way to list.
does this mean he had them wrong before? in a way, yes. but not purposely, just not the way bt wants to see them. in fact i am encouraged by this. he has had the same way of reporting for every previous filing until this one. can not be a coincidence things changed now that, as stated in the filing, the audit is done and statements are being prepared.
so will i expect more changes when the audited filing is out? sure, but i bet it looks pretty close hence the adjustments seen now.
stark, you are right we do not have a breakdown.
we have two pieces of information we need to take as fact as it was said in public release:
earlier in the year prior said owvi was well funded to run throughout 2010 and included the expansion of 1wc in this statement. i do not have the pr, maybe it was in one of the webcasts, but i am sure someone will find it and point out how wrong i am. but that was the gist
in this report and in previous prs, he said the shares were to fund aggressive growth goals and reiterated that the company did not need the money to continue operations. he also stated it was mainly to fund the alternative energy portion of the business.
the rest you are correct is all speculation. however there are many things money is needed for in order to help expand business. the ones you mentioned are prime examples: employees, equipment, r&d, or simply just sampling, marketing, presentations etc. to win business that you already have the support to capitalize on. we dont know, and that is kind of normal. we just want results. we dont ask how if he came out and said a contract was won.
oh and to another poster(another only seen in board management for me), he has not run tutamen for 6 years...
good read there stark, thanks.
one thing though, i believe the main goal of the financing was to fund the growth of ist. this is what prior refered to in the financials when he mentioned not seeing the growth he would have liked due to not having the proper funding to act upon all opportunities. technology, prototypes, etc. all take money to win bids.
i am not 100% sure on this but i believe 1wc has a separate funding pool or the plan is to pull tutamen revenues to grow hence the opening of locations etc. recently.
in other words i believe 1wc is all good to grow and may one day be able to help ist grow as you suggest.
yep. wish someone would of added when the 20s were up. would of been a great end to the day and real bright outlook for tomorrow.
if not, unless more news follows, i am not seeing a break until say tuesday the 12th
long term this still looks good but tomorrow is going to be very telling short term. really want to see 2.14+, getting 2.20 would be even stronger.
if not its looking down until the next support is established. could be as close as 2.10 but if 2 does not hold its back to 1.75
i really dont see that happening though. i think it will either consolidate between 2/2.10 or so, or keep over 2.10 and make a push at 2.25 again.
once that breaks next resistance is upper 2s into 3. 2.50 might be some psychological resistance but it probably will not really start until over 2.70, at least thats how it looks at the moment.
but again, dont see that next upswing happening soon unless tomorrow shows a nice breakout. a solid weekly candle would do wonders too. that would mean ending the week over 2.18, better yet over 2.20. if so that 2.25 should break next week.
mike: we knew this already. they authorized and then issued 500m shares in july and in a pr prior stated the money was not needed to support the business but to meet growth goals. he was hoping to get over .002 for them but pps fell and, we have not been shown details yet so this is a guess by price action, he got between .001 and .0015 for most of the shares.
this means he raised between 500 and 750k instead of the 1m he wanted to.
however he also stated he is not looking to try and raise money again at the present time.
my interpretation of this, and this part is opinion the above is based on facts, is he is hoping that 1wc will become profitable by years end and those looming ist deals will come through. this, coupled with tutamen being profitable, will hopefully remove the need to raise funds. if not i highly doubt he tries selling shares again unless he is 100% sure he will be able to sell them for well over .002
so do i think he will issue more shares in the future? hard to say. but even if so it tells me anything under .002 if not .003 is a safe entry as he sees company value above that figure and plans to be there soon.
but i hope it does not come to that and we hear 1wc is profitable and hear about ist deals making that line of thinking obsolete.
on a separate note, if 10s come back on the ask again someone please consider tagging them if you see them. that will flip daily psar, which has ridden 10 for a long time now but is at .00098 today, which is a nice technical signal for a reversal.