RE: RE: RE: RE: Don't get it. Like I said in my last post, IMHO the stock should never have gone above $12.00 per share in the first place. Gasoholics $5.00/share average could be either pre-consolidation or post, I really don't care which. A post consolidation value of $5.00/share can still net him a tidy profit, if he chooses to sell.
My question is to Gasoholic... "What did the company do to warrant the sp to go to $50.00/share?
Obviously, I don't think it should have, and now that the buyers have dried up in that sp range, the stock is falling.
Remember the days when the company was talking about 10,000 and 100,000 unit sales per year? (all be it with a safe harbour clause)... unless I missed a lot of days smoking crack, they didn't come; nor do I think they are about to come in the near future.
I also think that the two back-to-back studies that agreed that fracing causes earth quakes is going to have a dramatic effect on the NG drilling and thus the upward pressure on the cost of NG as a transport fuel; which in effect will effect WPT through all the NG divisions.
The last point that I will make is that I bought my first shares of WPT in either '95 or '96, shortly after the IPO, and the patent was issued not that long afterwards... it's what year now?, and how long do patents run?...
In short, IMHO, there are WAY more reasons to sell the stock at $30.00 (and would have been more preferable at $45.00) than there is of buying at at $30.00; and right now the market seems to agree...