Randy is going to present in New Orleans.......stock drops $1.25.
WG going to present in NYC........stock drops $1.25.
Randy is going to present in Houston....stock drops $1.25.
WG announces Randy is finally leaving after nearly leading the company into bankruptcy.....stock increases in value $.15...........and then drops $1.25.
Welcome to WG.....
And everyone here needs to remember that John was telling everyone to buy heavily at $13.40 per share just 10 weeks ago as he informed all of us WG was going to sour. And the entire time John was buying puts and selling shares outright on the open market according to his Fidelity account. Typically, one can go to jail for this. Particularly when he is using multiple yahoo Id's covering both sides of the fence.
"I want to do business with WG since insiders own 20% of the stock".........what John fails to reveal to the reader is that WG management was given 98% of those shares for FREE. Like the just under $1 million in free ZERO cost shares just given to the CFO. Two years in a row WG management has failed to meet the grand "forward looking" grand statements made by the CFO. If a small business made these kind of statements to attract capital or to artificially prop up or bouy the stock only to not perform, and then watch $200 million in value evaporate it would be jail time for that small business ownwer. But on Wall Street anything goes with the description of "forward looking" statements.
Of corse, the one constant is that each and every quarter WG fails to perform and hit it's profit targets. John, are you selling again today while telling everyone that you want to do business with WG.
And as usual Billy knows more about 30 year industry veterans. Perfect.
While Billy touts mythical contracts that do not exist for WG he once again fails to recognize that WG does not have the crews, the equipmebt, or the operational ability to perform fir profit.
The jobs WG receives and takes are the ones nobody else in the industry bids Or wants to bid on. This is reality. Irregardless, no matter what job, what bid, WG management will foci it up.
Someone asked how WG is so far behind on the financial results cyrve, How did WG get where it is? It started with the Chairman, then came Robert, and they surrounded themselves with highly paid yes men. But the poor decisions came from the top. After the Nigerian debacle WG was not in demand. $20 million Justice Department fine for I gusset what was confirmed bribery, ! 1 million per month in legal bills, and I guess the consultant who handed over the $6 million is still a fugitive. Which raised the question: where did the $6 million in bribe money come from.
So how did WG get to where it is ? Extremery poor decisions. But imo more telling I'd how the company operates: ZERO real PR (translation the market image of the company sucks), and investors literally cannot trust a word that come out of the CFO'S mouth. In 2013 WG was going to pay down $100 million (never happrned), and in 2014 the CFO publicly stated at the annual that $90 million would be paid down from money derived from "operations". Once again ZERO
Once again, do you want to do business with a company that whatever they say rarely takes place?
Finally, without the Pennsylvania utility mistake, WG makes ZERO in 2014! Think about it for a minute............
Unfortunately revenues are declining and profitability elusive.
The reason the CFO left is the company is going nowhere after the Roth situation was executed.
Black Rock is probably unloading now that they are even or underwater on their positions.
Nobody what's this POS company now. Even Billy T is unloading and selling as quickly as he can.
WG has no PR program whatsoever.
Fair market value is probably in the $350 million range if that. Ready for a 40% haircut?
Special thanks to Robert Harl and team for continual month in month out mediocrity. Question is, What will be his excuse at his last cc? Just think $30 million of shareholder value is missing in the last 5 days.
Great job Randy! Please don't forget to pickup your extra $1.5 million bonus (.03 per share), for staying on until your successor was picked. And $175 million is now gone. Why didn't he just leave and save the company the $1.5 million.
Is missing/gone................but as Randy might say, "everyone knows our little red trucks".
So in review there is $173.5 million in shareholder value has been erased in the last 90 days.
Classic Randy Harl, not only did his leadership take the company to the brink of bankruptcy, he is destroying
Market capitalization on the way out. How does one management destroy almost $200 million in valuation in 90 days of a company only worth $500 million that does 2.5 billion in revenues each year.
The sooner he and the bloated payroll are gone the better chance of survival WG has. In the biggest oil and gas construction boom in the history of North American and Randy Harl cannot turn a meaningful profit.
We will be able to purchase the stock at $6 and change soon. WG makes more to the downside each timr. It's all well coordinated.........a $200 to $300 million cull job. It is once or twice a year a managememt's seems to accommodate each time by creating a negative operational image of the company for public consumption.
Try and stay on Billy t's good, otherwise personal attacks will come your way end mass.
The guy is not right. If not for me he would have never heard oh wg. I have made him millions $$$.
Great..............KNDI is a $3 to $5 # and you have lost even more money today. At $10 you will love the company.
Problem with KNDI is they have no way to actually make a profit, a real profit. Look at the cash flows, the costs, etc. No way do they make money going forward. Trust me, they are not going to re-invent the car rental business.
But WG management is doing another worthless expensive investor conference. There, team WG will reveal the same meaningless talking points that they do every 90 days. Another pundit on this board has already stated the "new guy" has trouble speaking in front of people and delivering the vision of the company (not that there is one), so I guess it is more MEDIOCRITY for shareholders as literally millions of $$ in shareholder value is lost every 24 hours.
But why buy into this POS anyway. WG management has not had a real PR announcement in more than 2 years (investor conferences don't count). An order announcement, a sale, an exciting project...........are never covered or announced. Conclusion: There is virtually no reason to buy WG stock.
How long till Blackrock and others realize that everything stated at the annuals in the last 2 years never takes place and the CFO's comments are suspect to say the least.
Typical bill, telling everyone just 4 weeks ago to load up at $13.40. And then reveals he has been selling all along.
One of failure and disappointment. Shareholder value daily losses greater than the miniscule annual earnings being lost each and everyday. With WG it is all words and zero financial performance. A $6 stock........
The stock is way over valued on a ROI, or hard capitalization basis. KNDI is a $5 # even with the hope of growth that is not happening yet.....................
At $20 it was a joke, especially with the dilution. Since there are no profits, when does the reverse split occur.
Market cap at $700 million. Because?
A lot of overhead resistance now, and the company is more that fully valued on an operational basis.
But hey, it's kndi, they rent vehicles for $3 an hour. They are going to re-invent the car rental business.d
Reality: The build-out is not supported by the cash flows.
No, Spanspur sold 100,000 shares between $2.50 and $3.00, and the remaining 230,000 shares between $4.50 and $7.15.
Substantial difference, and $400,000 in profits. Either way, little bill is vermin.