I'm already down about 50% on what I paid, but I expected this before the split. It's a gamble, it's a penny. I pity anyone who didn't go in with their eyes open or bought at 0.07 and held.
Honestly, I expected it to dive after Aug 3, even after the split. I'm just thinking that there should be good news when this all settles and a little momentum at what will be the new price could be very nice.
For me, the money I put in was pure profit from my last couple of penny plays and I'm hoping this stock is due a little momentum that'll lift all boats. Doesn't mean I want to take a bath though. Thae a look at the charts and volume (I use barchart .com). But hey, I've been wrong before.
But IMO somethings up, check out the "News" on PinkSheets .com
yesterday: "www.MarketGainer.com: Releases Coverage for Wineco Productions Inc"
Today: "CollegeStock, Inc.: CollegeStock.com: The Deans List for August 3, 2006 WNCP, IACH, BCLC, NEOM, and ECFL"
An Re the Split:
Wineco Productions Reminds Shareholders Today Is Record Date for 15-1 Forward Split
Split Will Increase Market Liquidity and Shareholder Value
SUNRISE, Fla., Aug 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Wineco Productions Inc. (OTC: WNCP) as of August 4, tomorrow the Company's stock will be quoted on a post-split basis. On July 27, 2006 the Company announced that its Board of Directors and majority shareholders had approved a 15 to 1 forward stock split of the Company's common stock. Each shareholder of record at the close of business, today, August 3, 2006, will receive 14 additional shares for every outstanding share held on the record date. The ex dividend date will be August 10, 2006. The Company has advised that shareholders do not need to take action to receive the additional shares. Existing certificates should not be destroyed nor returned to the Company, and will continue to represent the number of shares indicated. New certificates will be issued for the balance of shares due. The fifteen-to-one stock split will not change the shareholders' existing proportionate ownership.
About Wineco Productions Inc.
Wineco is in the process of acquiring mining properties that show recoverable "Nobel Metals." The various properties are for the most part, mines that have been worked in earlier times. Working these mines have left tons of "Tailings" that contain valuable material. The company will process the material that had already been mined and that material is referred to as "Tailings." These tailings yielding better extraction of Noble Metals through advanced equipment. www.winecoproductions.com
On August 1, 2006 Wineco entered into a Letter of Intent to negotiate for a non-exclusive license of a cutting edge oil and gas perforation/blended rocket fuel exothermic down-hole oil and gas stimulation technology from Capital Energy.
Wineco is in final negotiations to acquire the mine tailing from World Wide Consulting. The tailings consist of approximately 1 million tons and are very prolific in platinates. World Wide Consulting is the first of 5 companies that Wineco is in negotiations with. All companies have shown excellent results in their tailings. Wineco has proven its test in chemical extraction of platinum in addition to its previously proven micron gold extraction process.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of Wineco Productions Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
Contact: Wineco Productions Inc. James Logan President 954 575-7296 or 954 316-1326
SOURCE Wineco Productions Inc.
CONTACT: James Logan, President of Wineco Productions Inc, +1-954-575-7296, or +1-954-316-1326
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