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There is a typo in the press release...it should read..."$30 to $40,000" Not $30 to $40 Million.
I could not agree more. 1000%. WNRC is 100x the company nearly any OTCBB company is.
Call me a sucker. Saw the studio in Reno. Transfer Agent has confirmed shares have been reduced. Newspaper in Elko has confirmed Baja was bought by WNRC. Why would I doubt the numbers? I have faith in God and I haven't seen Him.
Sometimes...you got to have a little faith in people too.
I guess it's better to have them put it in...than to have nothing at all. Glad they are doing what they are doing. Glad they aren't increasing the shares outstanding too.
Love WNRC.
Been buying WNRC for the last 4 years. Even made a purchase 2 weeks ago. Comfortable with how much I own. And, I was pleased with the answers to shareholder questions. I don't think I learned too much new information, but I didn't submit any questions either (so, I don't have much to gripe about).
Dan and Tariq said they put their own money into this. And, I'm sure they have a strong desire to move it forward in putting themselves up for a huge pay day. These guys could have (and probably should have) just did this as a private deal (not in the public company - since they financed it themselves). They have the real exposure here.
If other cable systems are trying to sell their systems for $3000...and WNRC can sell their for $3000 that puts us at a 3-4 bagger from here. Maybe they should just sell the system and move on that way they don't have to babysit shareholders.
No one in their right mind can deny how far WNRC has come and the track record of success in making this a valuable company. Sorry it's not a quick flip for some traders. But, IMO, they have done what is necessary to make this a legitimate and real company.
I'm fine not seeing audited financials if it really does cost $150,000 per year. No benefit for the company yet. Just an expense. I'd rather have them use (and it looks like they are) that money to buy more systems.
I'm willing to bet $20 those shares come back and get deleted once the commission meets. Probably a lot more than just 25 Million are coming back. Maybe up to 40-50 Million.
I think you guys are all analyzing this thing to death.
You can't compare this to any billion dollar company. The fact is you can really only compare this to other bulletin board or pink sheet companies.
These other companies have 10x more debt than revenues. No real operating businesses. Hyped up stock prices. Dilution of shares. And, no real growth.
You compare this to any bulletin board company with the same market cap and WNRC is 10x the company they are.
Growth rates here just don't compare. Profitability doesn't compare. Buy back of shares doesn't compare.
Before everyone puts on an analyst hat (and I assume no one here is a paid analyst for a major investment firm)...just realize WNRC is making a huge something out of nothing. I am more than willing to say WNRC has done enough to have a valuation much higher than it did in February (after Satview acquired Baja). You guys can give me every reason in the world why it should be priced at $.18, $.25, $.45, etc. But my opinion is that is all way too low.
Simply put compared to all the other OTC companies out there WNRC is in the top 2%...and, should be priced accordingly so. Which, should put it $10-25 Million Market Cap...or 2-5x it's current price.
Those must be part of the shares coming back. Once the BSC is done those shares get to come back and deleted.
Buying an appreciating asset for $600 that is worth $1800 is something I would do all day long...especially if you can put a little bit of money into it and make it worth $4000-5000.
I asked about the CC...It was to answer shareholder questions only. It wasn't to put out earth shattering news. Just to answer questions. I think the big news events are left for PRs where there can be a record of them.
They both showed a lot of character. Something not many CEO's of OTC companies have. Glad to see WENR moving forward (with less shares and no pump/dump).
What I don't get is how can they be looking at systems where the people selling them are asking $4000 per subscriber (fully built out) and our system (if it was the only thing WNRC had) is priced by the market cap at $818 per subscriber (30.7 Million Shares @ .18/share). Just by looking at the industry we should conservatively be priced nearly 5 times higher.
SLV @ $32.50 looks like a good entry.
Timing is for a bottom bouncer play on SUGO!
They downplayed the potential and what they have already done. Don't be surprised to see this be valued by an outside entity for the $4000-5000 per subscriber. Systems they want to buy are asking this much.
6,000 Subscribers x $4,000 = $24,000,000
30.7 Million Shares x $.20 = $6,140,000
...$18 Million in opportunity without even considering NGEN or adding 10-15,000 more subscribers.
Slow and steady wins the race.
Share buy back, growing business, little debt...all good things.
I'm more of a Tequila and Scotch guy, but I might get some next time I'm near a location. Will buy some with some profits.
If I win the lottery...and not the small one, but the $100 Million+ one I'll submit a buyout offer for VuQo at $10 Million. NO JOKE! Expect a PR tomorrow (haha).
OG all the way.
My opinion is Quest died. It was wayyy too short of a term to turn things around.
I agree 100% with everything you said. Sucks to wait...but hoping the patience pays off.
You da man!
Anyone up for posting WENR info on ADVFN's wiki?
http://wiki.advfn.com/en/Main_Page
I don't mind if it doesn't go up yet...as long as we keep trading and stay in this range I am fine with things. When we start digging we are going to get a plethora of news :)
SEC is busy watching the Billion Dollar stocks. It's a shame that HFT's are able to get away with what they do on on the companies under $500 Million. Fair Market Value is a myth.
Added...
Another Flash Crash coming? It just looks like we are skating on thin ice. Got to wait for all of the 5000 little guys to finish their run...draw in a few more investors.
Opportunity here to close at the highest level in months. My guess is tomorrow we may close higher than $.21 with the conference call.
Post a few times...and sure, I don't have a problem with it.
Unfortunately most of the people who are 'good' at bringing in investors won't touch this company for 2 reasons...
1. There is an obvious seller here who won't let it get past $.20
2. Most don't want to do pinksheet companies anymore unless they get paid in cash
10x better than IR is advertising.
12,000 Ceiling or 12,000 Floor?
I'm betting it's a ceiling.
One of the largest Octobers ever point/percentage wise. Still not a believer in the market. But, I am a believer in Commodities. Euro gains some strength here and weakens the dollar...should help commodities.
2 month chart looks like we flattened out...upside is there...let's start digging!
$.20-.25 is the key resistance...if it can break through that price range it can move. Got to get past that area first.
Probably will see some news on/before the CC?
However...to get to the point where they can start a feasibility study isn't that far away. Drilling for samples and releasing of that data will absolutely help the stock out here...then we do a feasibility study.
My best guess...we are drilling for samples by Thanksgiving...
Keep in mind a huge chunk of those shares will be cancelled out. 25-50 Million.
Always wondered how much Ihub matters...just curious as to how many people own more than 1 million shares here...what % of the float.
Would have been nice to sustain the volume :(
15-20 days from the date of the PR. That's when they'll technically be able to start digging. They have met with numerous groups/people who want to finance this. So, I am thinking the next PR is going to be announcing a start date to dig/drill. I've been told that once this starts press releases can start to flow like clockwork announcing their findings. This will be the greatest opportunity SUGO has to explode (in a good way).
This is a market cap play right now. Find me one other actively traded OTCBB or OTCQX company that has a market cap of $300-500,000. SUGO's shell alone is worth a market cap of $2-5 Million.
They'll start the feasibility study soon (from the PR) and will start pushing out news on a regular basis.
SUGO looks like a phenomenal play. End of Story.
Something is brewing...starting to see a few people I've never seen before posting...usually a good sign. I think we still need 200 board marks to get past and stay above $.30. Shouldn't be too hard, just got to get there.