GREY:WSCEE - Post by User
Comment by
Bigfoot99on May 05, 2011 3:10pm
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Post# 18536142
RE: RE: 12 cents
RE: RE: 12 centsAt .12 cents, in order for someone to have doubled their investment they would have had to get in at under .06 cents. So I have no idea where you would come up with sellers are selling because recent buyers have "more than doubled their money".
Selling can be expected because management is good at making shareholders wait longer than anticipated. Because with every news release it only raises more questions in the minds of shareholders, questions of how long? They told us that 45 days of testing is all that was needed and its now over 75 days. We all expected to see test results but of coarse we have seen none. Instead of reading about an order for a unit, we read about how Wescorp can deploy a h2omaxx unit and a filtering system (or membrane) unit "which are both mobile". After yrs of bragging about how filters are not needed, they dedicate a good portion of their newsletter talking about filters. Shareholders have the usual thoughts, how long will it take this managment team to incorporate some kind of mobile filtering system? I can assure you, it will take longer than any of us anticipate.
Shareholders are asking themselves, if this tech was so great and does not need filters like other technologies, then why is management persueing applications that need filters? Why are they not pursueing applications that only need the H2omaxx tech and we don't have to sit through months of deciding or building a mobile filtering unit and we can get on with the sale of h2omaxx(without filters) and obtain some desperately needed revenues?
Its clear that management didn't know a whole lot about the customers needs when it comes to oil/water seperation. I appears that management is learning as they go when it comes to the h2omaxx tech. and that is not a very good thing for us shareholders. That is why the share price is where its at! If we had a more experienced management team, we would have revenues from this tech yrs ago but we are stuck with these fools as our investment continues to erode.