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Micro Penny Stocks, Penny Stocks Under $0.10 Warning Model Management Inc. (OTC BB: WNMI) $0.003 (Page 12)
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Author | Topic: Warning Model Management Inc. (OTC BB: WNMI) $0.003 |
Just Learning Member |
posted April 12, 2004 07:49
Wow this company has a bright future. And speaking of Paris Hilton.. there was a HUGE documentary on E! last night about her. It was great. Shes is definately one of the biggest, if not THE biggest, rumor working its way around the top of modeling companies. Way to go WNMI!! GLTA B IP: Logged |
tigerontop Member |
posted April 12, 2004 07:51
This is Huge!!! quote: IP: Logged |
brandwilliams Member |
posted April 12, 2004 08:06
I believe Bob Frey posted that there were 160000000 shares O/S. At .025 thats a market cap of around 4 million.(I think my math is right) Thats nothing. Paris alone has much much more than that. No way to lose over time here. And I dont mean we will be holding for years. In my silly opinion. Brandon [This message has been edited by brandwilliams (edited April 12, 2004).] IP: Logged |
realityinc21 Member |
posted April 12, 2004 09:55
quote: http://biz.yahoo.com/iw/040412/065656.html ------------------ IP: Logged |
glassman Member |
posted April 12, 2004 10:00
Dennis is bigger than Paris..... and the 1066% gain (showing up on the gainer's lists) isn't hurting either...LOL IP: Logged |
WWJD-thru-me Member |
posted April 12, 2004 12:35
I bought more this morning and hated to see a dip after I buy BUT-the Dennis thing is possibly big not because of modeling but because if ROdman designs a clothing line for Warning it would be huge. I am not a fan of his but he has plenty of them. IMO-Debi IP: Logged |
whizknock Member |
posted April 12, 2004 19:55
Matter of time before this thing goes. They didn't sign the Worm without a plan. Remember that! ------------------ IP: Logged |
BroBro Member |
posted April 12, 2004 20:31
Just my luck! I buy right at resistance .028 this is starting to become comical... IP: Logged |
keithsan Member |
posted April 12, 2004 20:55
your fine. after this new Pr. support should be a little higher than it was. I didn't like the way this one played in the afternoon today we'll see how she runs tomorrow. PLKC- should move for you this wqeek to.
quote: IP: Logged |
whizknock Member |
posted April 12, 2004 21:33
quote: Oh No! You bought over two & a half cents a share! That's sad. When this thing hits .32 in the not too distant future you'll no doubt have to find a way to reconcile living with a mere 1,000% profits. Oh it gets worse, much worse! A year from now you'll have to cope with no less than a dollar a share & maybe more. God forbid that you're forced into a higher tax bracket. Chin up BroBro & face the harsh reality. You're in imediate danger of becomming a millionaire & having to soil you hands with large denominations of cash. I know it sounds pretty bad but someone has to do the dirty work. I'll remember you in my prayers! ------------------ IP: Logged |
brandwilliams Member |
posted April 12, 2004 21:49
I noticed watching T&S today that the buys where coming in strong, the ask hit .0295 then started falling like a rock while posting .0295 buys. It fell to .027 within 5 seconds while posting buys. Then slowly sells started coming in but they were small amounts. Looked to me that it was manipulated a bit. I could easily be wrong. Brandon IP: Logged |
NukeMeds Member |
posted April 12, 2004 22:28
This is what you are refering to. What appears to have happened was before 10:06:57, the Market Makers put off filling sell orders as long as possible so they could keep selling their shares at premium prices(notice all the buying at .0295). Then at 10:06:57, they started filling like crazy, sending the stock tumbling. Naked Shorting gone or not, this is still the MMs game.
quote: [This message has been edited by NukeMeds (edited April 12, 2004).] IP: Logged |
StockMinister Member |
posted April 13, 2004 10:48
Form 10KSB for WARNING MODEL MANAGEMENT INC
13-Apr-2004 Annual Report
General Plan of Operation Short-term Objectives: º Continue to expand revenue through organic growth of existing business lines; º Source and develop new talent in both male and female models. º Seek additional financing so as to provide capital to rapidly growing components of the organization, such as the Talent Division.
º Continue business expansion through acquisition, merger or joint venture with modeling agencies located in other geographic areas to provide economy of scale, incremental revenue and a larger talent pool; º Acquire complementary product lines to provide a broader service offering for customers, expand modeling careers and revenue sources.
In our opinion sufficient working capital will be available from internal operations and from outside sources during the next twelve months thereby enabling us to meet our obligations and commitments as they become payable for the following reasons: 1) We have signed a letter of intent for a credit facility, and we will be doing a registration statement for the underlying shares shortly, 2) We are in process of negotiating with a financial institution a credit line, and 3) $2,900,000 of our debt is with management. Additionally, historically, our operations have provided sufficient funds to met our obligations and commitments as they became payable. ----- Results of Operations Year Ended December 31, 2003 versus Year Ended December 31, 2002 Revenue for the year ended December 31, 2003 was $1,746,075 as compared to $2,208,535 for the same period in 2002, or a decrease of $462,460. The decrease is the result of a fall off of business in general throughout the year. WNMI has seen a pickup in its business towards the end of the fourth quarter. Gross profit for the year ended December 31, 2003 was $659,682 as compared to $ 920,221 for the same period in 2002, or a decrease of $260,539. This decrease is a direct result of the decrease in revenue. Our gross profit percentage has remained stable. Operating expenses for the period ending December 31, 2003 were $1,735,620 as compared to $1,365,297 for the same period in 2002, or an increase of $370,323. The increase in operating expenses were mainly attributable to: 1) an increase in salaries and wages of $72,861 due to an increase in head count from 11 to 13; 2) rent of $31,645 due to move to larger office space; 3) general and administrative of $ 368,406; which was mainly due to an increase in bad debts of $26,733, Consulting Fees of $221,628, accounting related expenses of $78,765 and other general and administrative expenses of $41,280, offset by decreases in 1) business development cost of $18,020; 5) non-recurring expenses of $ 86,375 attributable to the closing of the reverse merger with the remaining difference of $1,806 consisting of other miscellaneous items. Management engaged the services of consultants to assist us in developing strategies to increase revenues and other business related matters. Interest expense was $562,655 for the year ended December 31, 2003 as compared to $122,426 for the same period in 2002, or an increase of $440,239. The increase in interest expense in 2003 was primarily an increase in the use of our secured line of credit and an increase in interest on convertible debt. Other income of $39,233 increased $7,313 over the same period the prior , which was primarily due to miscellaneous items. Our net (loss) for the current year ended December 31, 2003 was $1,601,006 as compared to a net loss of $535,937 for the year ended December 31, 2002, which is an increase of $1,065,069 or 198%. This increase in loss is mainly attributable to the increase in interest expense and the decrease in business experienced as a result of the Iraq war and the overall softness of the advertising marketplace during 2003. Net change in cash used in operating activities in 2003 versus 2002 was $566,904. This change in cash from operating activities was principally due to an increase in net loss of $1,065,069, plus a decrease in payable and accrued expenses of $549,806 and model fees payable of $254,155, offset by increases in 1) bad debt expense of $41,123, 2) bond and warrant discount amortization of $241,919, 3) stock based compensation of $307,500, 4) accounts receivable of $291,112, 5) advances to models of $307,366, 6) accrued interest on convertible debt and secured line of $100,426 plus miscellaneous items of $12,680. Net cash provided by (used in) investing activities was $3,762 and $ 15,743 for the years ended December 31, 2003 and 2002, respectively, reflecting a change of $11,981. This change is due to a decrease in purchases of property and equipment. Net cash provided by financing activities was $361,814 and $807,914 for the years ended December 31, 2003 and 2002, respectively, reflecting a decrease of $446,100. This decrease was principally due to a decrease in proceeds from convertible notes of $450,000, net decrease of borrowings from a secured line of credit of $357,999, a decrease in payment on notes payable of $118,000, offset by an increase in advances from shareholders of $56,788, an increase in proceeds of notes payable $427,000 plus miscellaneous items of $3,889. Liquidity and Capital Resources The Company's revenues in 2003 have not been sufficient to cover the cost of revenues and operating expenses. WNMI has relied on debt and equity financial to meet its cash needs. For future requirements we will continue to seek funding through debt issuances and equity financing. Therefore over the next twelve months management is of the opinion that sufficient working capital will be available from operations and financing activities to meet the Company's liabilities and commitments as they become payable. ------ Inflation We believe our operations and financial condition have suffered no adverse material effect due to inflation. Subsequent event: On February 4, 2004, Mr. Michael Rudolph resigned as Chief Executive Officer and as a member of the Board of Directors of WNMI. Also on February 4, 2004, the Board of directors of Warning Model Management appointed Brian Bonar as a Director. Brian Bonar is currently serving as a director of Imaging Technologies Corporation ("IMTO") since August 1995 and became IMTO's Chairman of the Board in December 1999. From August 1992 through April 1994, Mr. Bonar served as the IMTO's Director of Technology Sales and from April 1994 through September 1994 as the IMTO's Vice President, Sales and Marketing. In September 1994, Mr. Bonar became the IMTO's Executive Vice President and, in July 1997, was appointed as the IMTO's President and Chief Operating Officer. In April 1998 Mr. Bonar assumed the post of CEO. From 1991 to 1992, Mr. Bonar was Vice President of Worldwide Sales and Marketing for Bezier Systems, Inc., a San Jose, California-based manufacturer and marketer of laser printers. From 1990 to 1991, he was Worldwide Sales Manager for Adaptec, Inc., a San Jose-based laser printer controller developer. From 1988 to 1990, Mr. Bonar was Vice President of Sales and Marketing for Rastek Corporation, a laser printer controller developed located in Huntsville, Alabama. From 1984 to 1988, Mr. Bonar was employed as Executive Director of Engineering at QMS, Inc., an Alabama-based developer and manufacturer of high-performance color and monochrome printing solutions. Prior to these positions, Mr. Bonar was employed by IBM, U.K. Ltd. for approximately 17 years. ------------------ IP: Logged |
Nikodemis Member |
posted April 13, 2004 12:41
always trade by warren buffets motto: "NEVER LOSE MONEY!" hold on to your stocks until you cover your commission + $1. hehe IP: Logged |
rajarammx Member |
posted April 13, 2004 13:29
Sometimes it might just take too long....to recover losses..... ------------------ Raja Always do your DD before Investing or Daytrading IP: Logged |
e2brutay75 Member |
posted April 13, 2004 14:52
Speaking as a newbie... what does all the financial biz mean about WNMI? We came up short under expectations? Is this really relevent giventhe big announcements that have happened towards the end of this quarter? Opinions? I'm totally exausted from all the QBID action today lol! e2 IP: Logged |
keithsan Member |
posted April 13, 2004 14:55
New announcements are not reflected there.
quote: IP: Logged |
rayman Member |
posted April 13, 2004 15:21
whats going with this one? starting to scare me. Someone use a crystal ball and tell me what to do. IP: Logged |
rajarammx Member |
posted April 13, 2004 15:28
quote: Wait for the next PR for a spike....10k just came in with not so good numbers of 2003 versus 2002...however 2004 contracts look very good....I am still holding.... ------------------ Raja Always do your DD before Investing or Daytrading IP: Logged |
Nikodemis Member |
posted April 13, 2004 18:46
i'm sellin' this biatch! all focus on our money maker QBID! IP: Logged |
Rics1997 Member |
posted April 13, 2004 22:46
quote: Qbid? come on. Yes it is on a run, and yes I made money on it, but this company hasn't made a dime yet and has a history of distrust. Warning, WNMI, didn't have Miss Hilton, Miss Jones or Rodman last year and the stock price showed the stock value for last year. The stock didn't go up until they signed these stars and so it should. All penny stocks are risky but my money is with a company that is improving there position and can show it. And once these stars start bringing in the money for WNMI, the stock price will reflect on it. This stock has already had a 2000% price increase this year so another 1000% ($2.00) won't happen over night. Rick IP: Logged |
NukeMeds Member |
posted April 14, 2004 00:00
Be carefull! A lot of big time holders bought millions upon millions of shares when it was in the .001's and .002's. There is BOUND to be some profit taking eventually. Don't be left holding that bag.
quote: IP: Logged |
whizknock Member |
posted April 14, 2004 02:36
If this thing dips anymore I'll buy a boatload & put it in my stash! Already own 100,000 shares & don't mind in the least if others give it away! This company is an up & comming monster! ------------------ IP: Logged |
Bob Frey Member |
posted April 14, 2004 09:41
Now there was a heart pounding Missprint 10,000 @ $0.205 IP: Logged |
Bob Frey Member |
posted April 14, 2004 09:44
Looks like the .205 missprint kicked in a bunch of sells. IP: Logged |
rayman Member |
posted April 14, 2004 10:08
What up with this one? Thought it would go up sooner. Do you guys think it is just because of qbid? IP: Logged |
whizknock Member |
posted April 14, 2004 12:37
quote: Might be! I own a ton of QBID at .0004 & won't sacrifice this to get more. Matter of fact this is now a verry stong buy! I'm Patient! ------------------ IP: Logged |
Nikodemis Member |
posted April 14, 2004 12:55
well, qbid is about to be worth more a share than wnmi. i know that it hasn't launched yet but i am one of those people who got in at 0.0002 and i have a few million so exciting times. i hope this goes through the roof as well, i'm not bashing. i held on to some of my shares, still have 20000 but this would have to hit 5 bucks for me to get excited. IP: Logged |
andykupe Member |
posted April 14, 2004 13:12
Not to be a basher, but at the current stock price, I don't believe this company is worth 1.4 Billion Dollars at this stage. Good luck to everyone though. IP: Logged |
glassman Member |
posted April 14, 2004 13:21
the money is flowing out of this into QBID---if you got any cash--look here for entry....LOL IP: Logged |
Rics1997 Member |
posted April 14, 2004 13:57
quote: Sounds like it because thats not right. If there is only 160 million o/s as most seem to think and at current price it puts it at 3.3 Million not 1.4 Billion or are you talking about Qbid which way over valued right now. IP: Logged |
rayman Member |
posted April 14, 2004 14:29
GLASSMAN i have a question for you. i know this is the wrong thread but i see you here so here it is. What do you think the real first resistance will be on qbid? I ask you because i have followed a lot of your post and you are usually right. thx man IP: Logged |
glassman Member |
posted April 14, 2004 14:35
the daytraders are playing hardball now.... i am not looking at a price beyond today--i expected .023 at close today..... could be higher.... i hold till at least April 30 because it is NEWS that will be the key here..... if they get on-air----it's $bill time.... if not....... remember--i have only a few hundred thousnd shares and have held since it first popped up here a long time ago.... it's your money.... IP: Logged |
rayman Member |
posted April 14, 2004 14:37
i hear ya, thx IP: Logged |
StockMinister Member |
posted April 14, 2004 16:44
I'm down 39% in this stock and currently do not have the cash to buy more. I'm trying to close my eyes on this for a little while but can't help but notice the drag it's putting on my portfolio. I don't know what it's going to take to drive the price back up. Haven't seen to 100 million plus in volume in a while. Came close the other day. I invested in a good company, so I know it is just going to take some patience and after awhile this will be at 10 cents then 20 cents and so forth. And all will be well. ------------------ IP: Logged |
Bob-on-the-golf-course Member |
posted April 14, 2004 17:27
Shares issued on WNMI are 388,101,535. Bob IP: Logged |
NukeMeds Member |
posted April 14, 2004 18:21
"Patience" is the buzz word with this one. This stock is getting the same cult following that GZFX had over 3 months ago. Each and every day more intermediate hands get in on this stock and reduce the float, in time there won't be anywhere to go but up. BTW, this has 100,000,000 less outstanding shares than GZFX, and that one had a high of around .18 a couple weeks ago. Patience.
quote: [This message has been edited by NukeMeds (edited April 14, 2004).] IP: Logged |
whizknock Member |
posted April 15, 2004 01:11
I'm getting ready to buy more of this if it dips anymore. This thing is all a matter of time! ------------------ IP: Logged |
keithsan Member |
posted April 15, 2004 08:25
WARNING! Project Updates Thursday April 15, 8:19 am ET
Paris Hilton is finishing Simple Life 2 and is shooting cover after cover in the few days available before flying off to Australia and the set of her new movie. "Paris is in such demand and IS literally the hottest property on the planet at this moment it is hard trying to fit bookings into her schedule. Many projects and developments cannot be announced as the magazines and clients have their own agendas and publicity machines and do not want to be pre-emptied," commented Steve Chamberlin (Warning's COO). He added, "Warnings slate of new projects are progressing rapidly but these are long term projects that take time. Publicity and brand awareness are paramount and a solid base needs to be built .The company has many exciting projects to announce and is sorting options for growth by both merger and acquisition." About Warning Model Management Warning Model Management is a full service model and talent Agency. We develop and supply models both male and female for assignment for a variety of jobs. Including but not limited to Fashion Editorials for nearly every magazine in the world, for catalogues, newspaper advertisements, for advertising clients for use in magazines, posters, websites, billboards, bus sides, look books and many other outlets. We also provide models and actors for all forms of TV work as well as industrial videos and in some cases personal appearances and promotions. Forward Looking Statements IP: Logged |
RockBats Member |
posted April 15, 2004 08:56
Excellent! I hope that this PR results in good upward movement in the PPS. Good Luck To ALL! IP: Logged |
Rics1997 Member |
posted April 15, 2004 08:56
I keep a pretty good watch on the stocks I own and I tell you what, you people are fast. Didn't even finish seeing the new PR and its already posted here. lol Rick IP: Logged |
Just Learning Member |
posted April 15, 2004 10:28
Looks like it didnt help as much as we had hoped. Hopefuly it will continue to crawl up. We need a day in the green. GLTA B IP: Logged |
Nikodemis Member |
posted April 15, 2004 11:30
daddy needs a couple cents today, come on Paris! IP: Logged |
bauer Member |
posted April 15, 2004 12:09
I think we need someone like Tyra Banks...
quote: IP: Logged |
StockMinister Member |
posted April 15, 2004 12:24
The PAIN!!!! I'm down almost 50%!!! I certaintly can't sell now. Anybody know what the support levels are? ------------------ IP: Logged |
Bob Frey Member |
posted April 15, 2004 12:25
Back In @ .0165 IP: Logged |
bauer Member |
posted April 15, 2004 12:26
Nice. I'm in between .021 and .024. Waiting for it to reach .04 or so ATM.
quote: IP: Logged |
will Member |
posted April 15, 2004 12:31
Caught it at .017 IP: Logged |
bauer Member |
posted April 15, 2004 12:38
Put an order here too. Freetrade taking their time to fill.
quote: IP: Logged |
bauer Member |
posted April 15, 2004 12:38
Ah there it goes. I now own 182000 shares. GLTA! IP: Logged |
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