Finally I have read through the post-CC posts here.
OK - up front, jmo, imo, IMHO etc. applies to all below
Confirmed - Martel did say he does not own WDRP shares
Confirmed - the 30m float that came out earlier '11 was said to be from Sommervail
Confirmed - Andrew answered that he had sold WDRP shares, then in followup he first said yes, then realized need to be more clear, and said he had not traded WDRP, but the he also needed to support his family (i.e. I took as reference to sale)
Note: detractors can/will say that can be true but his company could have . . .
I absolutely loved the fact that Dave found it important for him to take the time to be in on the call, all 1.5+ hours of it. His clarity of confidence did not go unnoticed.
Robert was Robert, no change there. I guess most everyone here has had a decent impression of him and his efforts and intentions all along. I am still willing to assess implications that Wanderport might end up with product without patent protection. What is not done is not done, right? Patent grants are needed for the company to have a leg up more than from time to market.
Andrew and Richard . . . A number of people here would probably prefer I not say this . . . I was disturbed at how a number of times when there were questions directed to Mr. Martel, or that one would expect to fall into his camp, the voice handling the answer was Andrew's, sometimes ending in such as Anything to add to that Richard?.
There were direct questions to Mr. Martel, about the plan for moving WDRP (the security) to the next level (QX I assumed) and about bussiness plan into the future (marketing, production, etc.) and I definitely did not come away with the feeling that I was hearing from a seasoned businessman or that there has been much in the way of forward looking analysis and strategy. (remember folks, jmo . . .) The one time I did "feel" Richard in his response was when he said *(paraphrase "") come on, remember we are just some R & D guys trying to move this to product on a shoe string" Nothing new there, but in that answer I did not hear him stumbling over how to respond as seemed to me the case in other of the few times he spoke.
Timelines: The impression I had was parts soon, a week to assemble prototype from the parts, then UL needs time for both roles, safety testing/certification and efficiency testing. I did not get any concept of the UL timeframe, and once I had impression that safety certification could not actually start with the prototype but needed a unit as would be produced. Just how I heard it.
I was left half-way thinking they were going to license production of units to the distributors, and half-way thinking some production would be under Wanderport contract probably in Asia.
Maybe someone can fill in some blanks on that for me ?
From having a product unit, again no timeline that I heard, then Dave clearly indicated that field testing and independent lab testing, was necessary, as he explained it the last thing one could want to happen is to have a recall needed after the product introduction started. So more time. Then possibility for foreign marketing in parallel with completion of UL certification.
Dave said he intended marketing / PR efforts via his outlets / website. If I had to guess I would be looking at sale mid-1012 earliest. IMHO as a guess.
OK so I tried to cover what I had not seen in the posts up to now, what I had seen but with expressed uncertainty, and what my impression was.
All in all, Wanderport should have done this three weeks ago !!!
I still have reservations (go to market without IP protection ? how to fund production/distribution etc., at what ccst ? oh, and at what cost the private loans they mentioned saying they were not free to discuss, etc)
. . . but I am feeling much more like I did while holding long position for over a year . . . just not quite back there at present.
Cheers
