Thanks Soapy! I love this company more and more each day. A CEO that listens to shareholders crys, he is so in tune with us! Now i'm not sure I want to see the PPS go any higher, I'd rather have Eric buyback at these prices. He even address the nay sayers to provide voluntary disclosure in the form of an Issuer Information Statement. How do you not want a piece of this pie! Go baby Go WNBD!
This is first rate Inspiration! something Steve Jobs from Apple would say to his shareholders!
I am driven to provide shareholders with a success story for their portfolio – namely, getting in on the ground floor of a business that may one day be studied as a role model of “coming from nowhere” and going on to a position of deserved respect amongst its peers, within the investment community and by consumers internationally.
In broad strokes I can say that the current share price is discounted because the market makers are betting that we are only somewhat likely to succeed. They have this view because most young public companies do not succeed. They feel that the odds favour that the company will eventually fizzle out. This is why there is a reluctance by them to hold shares for longer term appreciation or to let a price increase stay in place without profit taking. On the other hand, this creates opportunity for independently minded retail speculative investors who are more likely to go on a hunch as to whether a company has the “right stuff” to pull through where so many fail.
Any comment on that and how Market Makers really work?