GREY:WSCEE - Post by User
Post by
cerebuson Apr 02, 2005 9:48am
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Post# 8850414
Doug Biles
Doug BilesActually Doug is an professional engineer and has a very impressive CV.
You can call him a plodder but I think a better term is methodical. I had the opportunity to meet Doug and some of the promoters. Lets just say that I invested more in the Company after meeting Doug and not after talking to the promoters. I don't like smoke and do not like investing in Companies with no substance.
As I have said many times the current stock value is impressive based on historical fundamentals - in fact I would say it is over valued.
I also would like to see the share price higher but saying it should be $1.50 right now is unrealistic. It will take time to get there and we will need to see sales numbers. That means end of May for 1st quarter financials to validate and August for 2nd quarter financials. That doesn't mean the Company won't put out some news releases before then. Management is working on building a real Company not a pumper dumper. They now have lots of cash - I am guessing close to $2.0 M USD based on debenture financing and $1.00 warrants exercised. So really their focus now is managing sales, production, building inventory and moving forward. The Company does not need to pump up the share price. If they get results the share price will go up. So would you rather they focus on the share price or building the fundamentals.
If you are looking for a quick flip. Good luck and sorry about your disappointment. I really think it will be the end of the summer until fundamentals validate a higher share price.
Sorry for the verbage - too much coffee this morning.