Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
i got out at 0.05 and glad i did
i just came by today b/c i saw that WWEI is no longer listed
seriously...
they've ALL been saying "oh, good price to buy more" when it fell to 0.04...and then 0.03...0.02...
please...
I feel sorry for people that listened to some of you for months saying that this stock will go up...they've lost 80% of their $ if they bought in at 0.06
do your own DD, people!
and if you can't find SUFFICIENT info, don't invest!
i wish i bought more on Friday...
whistle, thanks for the lesson
yes, pink sheet stocks that go up 5000% in ~6 months seem pretty dangerous
but i've done my DD for past 6 months
there's no foul play from the PSPM management...
just panic and coordinated pump-and-dump
thanks, i guess i could've sold all at 0.75 and got back in at 0.25 today
oh well
what a sh1tty day
yeah, i learned my lesson today
i will check wrt my account (scottrade)
but yeah...i got a warning last time saying next time i do that (sell/buy same stock within a day), they'll freeze my account for 90 days
yeah that's one of the reasons why i didn't sell...
wasn't sure if i'd be allowed to buy back in the same day
i don't have a margin account so i can't day trade...
so, i did the right thing buy just holding, right?
i have a feeling it'll be back up to 50's today, which is still not TOO bad considering DOW hit 7200's today and PSPM was in the 50's just 2-3 days ago
i guess WED/THUR were all shorters buying in. let's all keep an eye out for that
thank you-
yeah, i don't know what triggered it...
i've never seen a drop like that before...and i've seen a lot of pump-and-dumps that do that
i really think "nimbler" traders (job = day trading) just had a stop order because the rise was so crazy...and all triggered all at once around 10am
i could've sold at 0.70's and re-bought at 0.20's...
oh well. i'm no nostradamus
what email?
btw, it's at 0.45 now...where the stock was ~a wk ago
wow, what a crazy week
i guess we were all getting too greedy when it was going up to .70's
i don't think juk was "pumping", whistle...he was just as excited as others that came in when this was 0.14
but good call on short-interest...
is this even possible??
50% drop??? in 2 hrs?
come on people, why are you selling????
going back up?
wow...i guess people that bought after 0.42 were interested in the short gains
whistle...i can understand your pain
it is scary when those websites start pumping one stock
i got suckered into DVAX, EPG, ANSV, etc... before
i guarantee you...PSPM is NOT a pump and dump.
it won't hit 0.09 until summer or later
What news are you talking about??? ...nothing anytime soon, seems like from yesterday's CC
.80 will be nothing when it goes to AMEX though...
we'll probably be at ~.80/.90 by end of March when it goes to AMEX
then it'll be limitless, coupled with sales #'s
80 cents...
that...
was...
just too crazy
Article on PSPM's website
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/CFLs_likely_to_cost_10-15_more/articleshow/4106445.cms
...what is the significance?
btw, what a crazy ride it has been for past 3 wks!!
so much for the "pull back" today...
maybe tomorrow if there's no news
wow...1.35 would be crazy nice
i've been buying since 0.14 and averaged "up" to 0.24 now
yesterday and today have been crazy
juk, how do you know that the insiders are buying?
thanks,
that is depressing...
nevermind...now at 0.0223
oops, i meant 0.0230
a new low at .0240
Thanks grajee for credible response
but after looking into all factors, and the price drop this morning, i've decided to cross off WWEI out of my list and move on
good luck everybody,
NEW 52-wk HIGH!!!
hit 0.34 just now
This was the reply i've posted right after:
Posted by: moji Date: Friday, February 06, 2009 8:45:44 PM
In reply to: moji who wrote msg# 3360 Post # of 3390
I've read the 10-Q's and the 10-K's after reading this post...I don't question the fact that WWEI has potential...but everything this woman stated are facts.
in regards to the public auditor's post
i maybe not be the most experienced / smartest investor in here and i'm trying to find out where else i can get more information on WWEI to gain confidence again. i've done my DD through public posts, ludlow, 10-Ks and 10-Qs, PRs, interviews, etc
sorry for not making it clear...
that "public auditor" post (if you read the post immediately after that) is from another person that i was referencing.
i found it on google discussion (Jan 15)
i am an engineer
and one last thing grajee...
how can you say "But atleast they are transparent"???
how have they been transparent? please explain.
rob brag didn't respond to any of us regarding the conference on Jan 15 and still haven't updated us on that...2 wks later, all we get is a website update and a bad PR on a super bowl sunday
if they were transparent, they'd continually update us on the progress of the $ committments.
what are they working on 40 hrs/wk? they sure aren't building any hardware...so WHAT are they doing? all 11 of them?
is it a sin to have come in later than others? i'm sorry, i didn't discover WWEI until late 2008.
is it a sin to question the fact that they haven't posted any valuable PR since early DEC?
is it a sin to expect more from a startup company?
this isn't exactly a dotcom company with no hardware delivery. they must purchase (with the $ promised) and install hardware.
i'm an engineer...i know how things SHOULD operate with a POWER company
in reply to grajee,
you still fail to reply to the issues i've raised. like i said, i don't doubt the potential of WWEI. I invest in other PINK / OTC stocks and this stock is the most doubtful / fishy...if you don't believe me, see how companies like PSPM and NCEN have performed and look at their PRs and spending.
please don't put me in same category as GNOTE.
I have shares in WWEI and I'm looking for other people's inputs to see if they have better evidence than what I've found. do NOT personally attack me.
behind what? we don't know for sure if this is a scam or real...i've done my DD and read many of the posts...no convincing evidence for either.
i'm not sure if they lack experience/intelligence or if this is intentional.
regardless of the real reason, this stock is sinking and i hope a REAL PR comes out soon.
because my friend, there are a lot of questionable things that happened recently that is a little too much even for an OTC / PINK stock.
no doubt there are risks involved but why keep getting so defensive when someone raises a valid question on the board? instead of being "amazed by perfect investors" why not address the issues addressed i.e. vast amount of "consulting fees" and PR on super bowl, as well as all the 10-Q's and 10-K's
what is wrong with constructive criticism? if responded right, it could even raise investors' confidence
I've read the 10-Q's and the 10-K's after reading this post...I don't question the fact that WWEI has potential...but everything this woman stated are facts.
From the financials it is apparent that this is a "mom and pop" business probably run out of a home office - the fact that the company only has roughly $12,000 in cash is evident of this. The biographies on senior management are eerily vague about their past-- look at the management profiles on any serious publicly traded company and you will see descriptions full of actual names of companies that people worked for not broad statements like this taken directly from their site: "During the tech boom in the 1990's, Tammy-Lynn worked in management for a very successful start-up Internet Service Provider and used this experience to begin her journey into entrepreneurship" or "Prior to 2003, Mr. McNabb worked as an independent consultant for numerous private and public companies since the early 1990's and assisted such companies with corporate development, structuring financings, and mergers and acquisitions". Why not name the companies? My guess is because these companies are the same ones named in their 10-Q filings which all failed because they were all "fad" companies (e.g. golf gadgets during the Tiger Woods craze, diet foods during the atkins obsession, electric cars during the ZAAP craze, etc... all run by Tammy and Larry and all went under). Also for a company whose mission is to "build, own and operate wind farms on an international scale", the lack of experience of management in the engineering or energy sector is scary. Something else that is scary? -- from the 2007 Annual Report: "Our auditors have expressed substantial doubt about our ability to continue as a going concern, which may result in the loss of your entire investment. If we discontinue operations, you will lose your entire investment." Though it is not uncommon to see a going concern comment for a startup, the wording that includes "substantial" is not common and not a good sign.
As a public auditor, I do not like the lack of segregation of duties with the same individual acting as chair(wo)man of the board, CEO, CFO, and secretary. If there are any accountants out there this should immediately raise red flags and you can see the discussion on this in their annual report on discussion of controls not operating effectively. Another issue: "During the year ended December 31, 2007, the Company incurred general and administrative expenses of $4,209,997 compared to $2,188,854 in the previous year. The 92.34% increase of $2,021,143 in general and administrative expenses
was mainly attributable to a $1,750,934 increase in stock based compensation from $1,443,987 during the year ended December 31, 2006 to $3,194,921 in the year ended December 31, 2007.. During the year ended December 31, 2007, the Company incurred a net loss of $6,014,570, compared to a net loss of $2,493,352 in the previous year. The 141.22% increase of $3,521,218 in net loss was mainly attributable to an increase in stock based compensation of $1,750,934 and the recognition of an impairment loss on goodwill
relating to the wind projects of $1,469,171". Increasing loss due to increasing of executive salaries and stock based compensation is crap. The only people compensated at the company are the husband and wife -- so of the $6mil that the company (shareholders) lost in 2007, $4mil went into the pockets of Tammy and Larry.... not cool. Read the notes to the financial statements in the 10-Q and 10-K to get the lowdown on this. Every time you see compensation for "consulting services" it is compensation to Larry. And as far as signing over a 20% stake in the Zhanjiang project to a private investor for $500,000 on a projected $400,000,000 project doesn't make much sense. All of the information used in this post was obtained from the company's financial statements and website. I encourage ALL of you to read every SEC filing (at LEAST the annual filings) cover to cover and stay up to date on information.
who knows. maybe they're right
those of us whos been here since the hype last year though...we lost a lot of money this week
i'm still pissed off at the fact that they put out a negative PR on a super bowl sunday
I guess we'll find out who's right and who's been fooled in about a month when we're supposed to hear about the construction. If no valid update, we've ALL been fooled.