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Jimbo, from my experience start ups NEVER look out for shareholders....I'm sure massive dilution is coming...it's just the way it is. I'm hoping for a bump in share price short term. Also, if they have sales a Reverse Split will be necessary to raise money...no major investor puts money in a sub penny company. This is a very Risky Investment.
yes, partial fill today too...interesting crap shoot without filings. There is certainly a market for MM but it will take deep pockets to penetrate market...let's hope management can deliver.
With shares trading at about $500 to $1000 per day, I hardly think there is any dedicated buying here....get real
Yes, of course....very risky investment for sure.
What ever happened to the assets they acquired from AMBS? Can't find any update on this anywhere?
I may want to buy this equity...does anyone has any opinions?
Pure speculation but a possible reason for this 'quiet period' may be they are in negotiations for buyout/merger/ funding/ distribution agreement with a larger company. We know that countries are demanding motorcycle taxi meters from news reports around the world, so this is not far fetched. WM appears to be in the drivers seat...we'll have to wait for filings to find out.
Note: audits/ fillings normally takes 3-5 months..WM time is not unusual at all.
Agreed that it's very strange no PR's. I think many are overly speculating about sales. Getting gov't to standardize on MM may take longer than many think. I'd be happy with some small sales as the company penetrates the market. However, if the company can survive huge potential.
High Risk, huge potential...IMHO
I appreciate and applaud your imitative in buying a MM. One purchase confirmed now we need a million more. Who says no sales!!
Col, Did you order/ receive a MM from WM? Can you tell me about your experience, quality of product, packaging, etc.? Thanks.
You forget to mention they have moto taxi patents in 21 countries. I happen to believe the patents have huge value. One of us is wrong.
Yes, as I've said many times this a long shot....if I wish to play with a high risk company this is my choice. You can do what ever you want...who cares....ha, ha
Market cap is based on what the market determines the potential is....period. Market's determine the share price...no one else. Yes, everyone knows the Market cap is based on SP x Issued Shares.
Uber (not traded) has a market value of about 60 billion dollars based on it's potential
Market cap for high flying companies is based on what the market thinks projected sales will be in 3-5 years. WM needs to get a gov't contract or sell to a bigger company with deep pockets. This is a high risk company...know what you invest in...IMHO
WM will certainly be able to raise money if they have some limited sales...but it may not be pretty for share holders...IMHO.
This is a pure speculative stock- high risk, potential high return.
You forgot WM has 21 patents around world- could be worth billions!
Col, You've convince me there is a huge opportunity. I've been buying all I can for about six months.
Uber may build their own meter for India, but WM has patents in 20 some countries. Besides- Uber may have many competitors in India to sell MM to.
Col, what is your expectation for WM- near term? What is your guess on how many MM have been sold? How will it affect SP? Why little/no news around the world about WM and opportunities?
Col, Yes no doubt MM is a huge potential opportunity. With some sales, I would think they could easily raise favorable funding!
My guess:
1. WM is basically out of business due to lack of funds
2. Little or no sales to report- no mention of WM or MM in the Press
3. In negotiations for merger or buyout-waiting for financials
I've never seen a company so quiet- NO RUMORS, no PR's, little stock participation ($500- $1,000 per day), etc. VERY STRANGE INDEED.
Any speculation - is just that.
get real georgelars1...less than $500 traded today
The fact that WM has reportedly sold product should have a positive impact on the share price. This is why I'm adding to my position. I think the price has bottom out- but I would not recommend this as an investment quality stock...for me it's just an interesting company with huge potential if they can raise money. No doubt it appears they are in trouble, but it doesn't make sense to me that they can't get funded.
If you believe some here that WM is being brought out by a big player then this is a potential billion dollar company on the other hand others believe WM is dead. I'm inclined to believe WM has a potential huge upside due to it's unique product, patents and the resistance around to world to Uber motorcycle service- no meter. Who knows....high risk. I'm still buying until I know what is happening.
Yes, a buyout explains everything!
or on the other side- maybe the reason for a 'black out' on news is that WM has a partnership agreement with a big brother. This would explain why there has been no news, no HailYes promotion, no marketing, etc. No announcement/ closing on financing can be made until Financials are released. Now this would be exciting? Maybe Col/ Fox are correct? IMHO
Black Out- It's hard to believe something isn't going on with WM. With even tiny sales they should be able to raise additional debt financing and continue marketing.
I'm still buying shares in hope WM will attract a large partner! Huge market opportunity....what am I missing here??
MM also has has WiFi and works with APPS
The Sansui Rickshaw Taxi Meter sells for about $89 USD in India (see IndiaMart). Some meters are waterproof. Competition is good for everyone.
Maybe the competitive advantage is the MM has a 'black box' that can log travel for accident tracking.
odd they couldn't find any support in Thailand? You would think the gov't would promote a local company??
Thanks, how did WM get patent protection in 21 countries? Has WM ever addressed the competition in any Press Releases?
Can someone explain to me if the other digital taxi meters (Panasonic, etc.) are a threat to the MM?
MARKET CAP:
With Filings, it will be interesting how much impact sales will make in Market Cap ($1M now). Some predictions based on market experience:
Sales/ Market Cap
$10,000/ $3M
$100,000/ $5M
above/ $10M
Note: Tracking SP is meaningless since this stock will be highly diluted.
Sewer, thanks for providing some sanity here. It all depends if WM can provide news to get excited here.
Sewer, good post. WM better get a major contract or deep pocket partner soon.
Col, what kind of revenues do you expect to drive sp to $0.01? Maybe a million dollars in sales?
You are dreaming in the short run. getting gov't contract may take years- do you really believe WM has the cash to get there?
Only hope is to find a deep pocket partner.
Let's be REAL...if they sold 100 seed units that's $10,000...you may be in for a big diasppointment
yes, breaking into a new market is very tough and takes a long time.
I'm long because I think there is value in the patents and MM. Hopefully, a deep pocket partner also sees this value...we will find out soon.
High Risk investment at this time.
good new is usually posted on Wed, bad news on Friday...be careful what you ask for.
Fox, good post. Amazing no mention of WM and their MM. Hopefully, we find a partner with very deep pockets that could provide meters to taxis- maybe as a lease or giveaway.
Col, Bud, yes a supply contract would propel the share price....but at this time the market has no interest in WM. Your hype is pure speculation.
If/ When we get close to a gov't contract the SP will rise.
Nothing wrong with being enthusiastic as long as one realizes anything could happen like ...hyper dilution.