Sorry I do not follow your reasoning, could you expand?
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Relax, I was only joking about ACC.
One would assume if WDT's product is any good, one of the big boys (FPA, Whirlpool etc) would have taken them out or bought a chunk of their shares by now.
Time for a bit of good (well I think it may be) news.
I note that the WDT e-store is now selling ECR ONE and ECR95 motors.
The ECR ONE has very little metal on the outside. As I recall they tryed selling a product like this five (?) years ago but the market wasn't ready for a motor that didn't look like a traditional motor. I wonder if the market is ready now? Perhaps with a few years of good market performance behind them people will trust WDT enough to buy them?
The bigger ECR95 is being sold for approximately twice what the smaller motors go for. Hopefully this one has a decent profit margin? Their business model of selling more and more motors at a loss isn't a great one...
Looks like a bit of a bounce off the lows of late Feb and late Mar. Perhaps of the 'dead cat' variety?
http://chart.findata.co.nz/?e=NZX&s=...76&h=360&n=180
WDT finally on the move today on news:
"Top US motor manufacturer signs distribution deal with Wellington Drive . . . "
Excellent - Bring it on Baby!!
Yes, finally some positive news!! I have held WDT from the start and have been a long time fan of this company (as I have been with BLT), but this past year or so the WDT sp has tested my patience, but I have grimly held on to them (as I did with BLT). I have always thought the energy saving aspect to WDT motors was a significant plus in a world that has become more aware of "green" issues. Maybe my faith in both these companies will be rewarded in the future....
I sold most of my WDT and put the money in BLT so WDT will have to get to about 90 cents for me to break even.
I still worry about WDT becoming insolvent. Perhaps another capital raising later this year? Or will they deliver on their promised breakeven before they run out of cash? I doubt it as they have told that story far too many times before and it hasn't been true.
Good luck WDT. You will need it but I hope you succeed for my sake as well as yours...
At least with BLT they don't look like they will run out of money. Quite the opposite actually :-)
Thanks Emearg, your comments make sense. I have drip fed into both BLT and WDT over the years and my break even price for WDT is 20c (did I really pay $1 all those years ago??? ...... I must be in denial!!); I think BLT has a far better chance of success given the large number of products coming on to the market that contain K12 and M18 probiotics. Still it would be great for both these NZ companies to succeed on the world market