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May be that's why they are resting around 3s?
$PTIX
Amazing!!!!
To the Moon!!!!!!!!!!!
www.pt.com
I guess positive news. I need to listen Conference Calls.
Wow- you are a very rich man!
$FLPC
Haha ok..so this is just warming up..
$FLPC very nice..
www.yume.com
Let the dust settle first. It will take for awhile to pick up.
Patient- $XGTI
Congrts Long! I missed out on this Runs..Amazing bounce from 0.004!!!
WPCS up this whole week.
It's up again today.
$WPCS on shareholder proposition radar!
It's been up for the whole week..
$WPCS is preparing for another leg again...
YUME dip again..will back over 9 again tomorrow.?
$YUME on bounce radar
Low float I guess high risk, high reward?
Close @ 9
Bounce right back in the last two days.
Shorts are covering now?
WPCS another white candle again today.
$WPCS on bounce radar.
Negative Shareholder Equity
I know sellers will look at this as another sign that WPCS is going in the wrong direction but it is not what you think. In reading the 10K, the reason WPCS posted negative shareholder equity is because they had to take a write off of goodwill for Australia and had to mark to market the warrants that have not yet been exercised by the bondholders. These are non cash charges that don't effect the working capital of the company.
However, it drops them below the required $2.5 million shareholder equity requirement for the NASDAQ listing. The good news is that they will get 6 months to regain compliance and if the bondholders convert their debt and exercise their warrants, WPCS will be back over the $2.5 million in shareholder equity. I would imagine if a merger is being considered, the bondholders would have to convert their debt to equity so that they can become owners of the new combined company.
Another good sign this week is that some bondholders converted $600k of debt to equity which gives WPCS needed cash. I can't believe that a bondholder would convert debt to equity if they felt the company is going nowhere. Why would you? This move just confirms my belief that something is up.
So WPCS really does have positive book value if you take away these mandatory non cash accounting charges and own companies that are generating positive EBITDA. It may not be enough to get the stock price moving on its own but combine that with a possible as they say shareholder value proposition and you could have a stock that is trading three times what it is trading today. That is worth waiting for as long as something is announced soon.
A note to WPCS directors. What are you guys doing? Investors need to know what the plan is going to be. You have been stating this shareholder value proposition for several months. Time is running out. Investors are losing interest. Start making it happen.
http://finance.yahoo.com/mbview/threadview/?&bn=47d02b9b-38d9-3c9e-b448-a0e2dd69a5b0&tid=1375532841653-dd1ad5ac-a7af-4d56-8148-413a157cbd17&tls=la%2Cd%2C1%2C3
Vuzix Corporation Announces Pricing of Public Offering of Common Stock and Warrants
$VUZI
$VUZI on bounce radar...
Any comments on today actions? It's ugly but expected.
What's next? Wait and see for more PRs?
$VUZI for bounce radar....
I understand that. I also found out that Hudson Bay also invested in WPCS.
I guess prices swings should be stable soon after c/c.
$WPCS on bounce radar....
Any thoughts on MM now?
Very nice-supporting 3s today
very interesting..
Thanks. I guess another learning lesson for me for buying low float stock.
Very nice.
Do you still like WPCS?
900k or so float now. I was in at 4.25 and now I am stuck. Still holding and hopefully 3 is bottom for now.
Hopefully bleeding stop from now on-
$WPCS on bounce radar
Industry Trends
We focus on markets such as public services, healthcare, energy and international which continue to show growth potential.
• Public services. We provide communications infrastructure for public services which include utilities, education, military and transportation infrastructure. We believe there is an active market for communications infrastructure in the public service sector due to the need to create cost efficiencies through the implementation of new communications technology.
• Healthcare. We provide communications infrastructure for hospitals and medical centers. In the healthcare market, the aging population is resulting in demands for upgraded and additional hospital infrastructure. New construction and renovations are occurring for hospitals domestically and internationally. In addition, there is a need to reduce the cost of delivering healthcare by implementing new communications technology. Our services include electrical power, structured cabling, security systems, life safety systems, environmental controls and communication systems.
• Energy. We provide communications infrastructure for petrochemical, natural gas and electric utility companies as well as renewable energy systems for various entities. The need to deliver basic energy more efficiently and to create new energy sources is driving the growth in energy construction. This creates opportunities to upgrade and deploy new communications technology and design and build renewable energy solutions.
• International. We provide communications infrastructure internationally for a variety of companies and government entities. China is spending on building its internal infrastructure and Australia is upgrading their infrastructure. Both China and Australia have experienced positive GDP growth rates. The total international revenue was approximately 30.5% and 28.1 % for the years ended April 30, 2013 and 2012, respectively.
http://boardvote.com/symbol/WPCS/communique/401651
Up from now.
What's next for WPCS now?
$Bounce radar