posted
This thing is movin...short mm's are covering their butts. This traded at .06-.07 just two weeks ago and is headed back to that level. Extremely oversold and undervalued IMO.
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WSBL micro cap about to shine in my opinion, here is some dd. My target is .10+ Management is suppose to be rolling out many products during this quarter. They stated that in the last few PR's I believe.
WSBL in a 20 billion dollar industry and after being in a downtrend looks like reversal is coming.. There was a doji 2 days then a confirming candle for overall trend.
I expect to see shorts aquuezed as buying comes in. With only 18 mil in float and 9 of that locked up for 9 mos, i expect one hell of a short squeeze here. The stock traded at .065 2 weeks ago and i think this represents a great entry for a 1-6 week swing or longer depending on your inverstment objectives.
1-6 week target is .06-.13 longer target 1-3 months .20-.45+ Their last report showed decreasing debt and increasing revenues. An entry at .015-.03 is a gift.
See chart, unlike most pennies this is a company with a real product, revenues and more then a po box. hypo top on chart is .45 Revenues are projected to increase significantly quarter to quarter. With in roads into a 20 billion industry not limited to medical industry but also governmental entities the potential is endless.
Some bullets from shareholders letter
4. The company applied for and was successful in the receipt of a Commercial And Government Entity (C.A.G.E.) identification number, and will be actively seeking contracts with the federal government for transcription and document production.
3. As part of the company's expansion efforts, the WordMates brand of typing and document production outlets is expected to open its first location to the business community and general public in fall 2005.
2. The company has an exclusive agreement with JBD Consulting to institute national and global sales and marketing strategies of the WaveScribe products and services through JBD. JBD corporate executives have a resourceful and capable past that includes major corporations in the transcription and mass document production industries.
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WaveScribe International Corp. (Pink Sheets: WSBL) is poised to revolutionize the medical transcription industry. WaveScribe offers the first web-based transcription software that was designed, developed, and deployed by transcriptionists. The WaveScribe software advances the industry to the next level of efficiency and productivity. MT's love using WaveScribe because they can easily access voice files thereby increasing their productivity and income. Transcription companies and end-user clients love WaveScribe because it gives them unprecedented control and accountability of their transcription process. Documents created through WaveScribe have a 128-bit security encryption, HIPPA and Privacy Law compliance.
Letter to Shareholders (August 24, 2005) The board of directors is pleased to announce that the company has taken a positive direction this year. The company is on course to do $1.4M in revenue, a 6% increase over 2004, with a minimum gross profit of 38%. This year is a landmark time for the company because of tremendous internal efforts and positive outcomes currently taking shape as a direct result of those efforts. The company, moving forward with the development, deployment, sales and marketing of the flagship product WaveScribe out of cash flow, faced an uncertain future just one year ago. At that time, our energized and diligent management team rolled up their sleeves and put forth uncommon effort to move the company on to a new, more level path for 2005. Prior to this, the company had been dormant for a little over a year due to the fact that the previous management team failed to secure the necessary funding for the company. In addition, so far this year alone, the company has successfully reduced its debt burden by approximately 15%.
Since the beginning of the year, management has taken several steps to continue this positive track that should ultimately help transform the company into a profitable enterprise:
1. The structure of the shares of the company was vulnerable to attack by unscrupulous entities. Therefore management executed a reverse split of 1 for 200 and changed the ticker symbol.
2. The company has an exclusive agreement with JBD Consulting to institute national and global sales and marketing strategies of the WaveScribe products and services through JBD. JBD corporate executives have a resourceful and capable past that includes major corporations in the transcription and mass document production industries.
3. As part of the company's expansion efforts, the WordMates brand of typing and document production outlets is expected to open its first location to the business community and general public in fall 2005.
4. The company applied for and was successful in the receipt of a Commercial And Government Entity (C.A.G.E.) identification number, and will be actively seeking contracts with the federal government for transcription and document production.
5. A team of software engineers and specialists has been assembled for the enhancement of the WaveScribe product, and to make significant and useful upgrades to the WaveScribe platform. This will allow the platform to service and encompass an even wider range of industries.
6. Unforeseen circumstances notwithstanding, management has set a goal to roll out the company's latest products in the third quarter.
In summary, it is the intention of management to develop the best possible product and service line that will allow WaveScribe to become a strong dominant competitor in the transcription and document production markets. Should the company be successful in acquiring just 1% of this $20B industry, the success of the products as well as increased shareholder value will be a positive reflection on the hard work of the last two years. Thank you for continuing to believe in the company during some of its most challenging valleys and peaks. The company has made a number of changes. There have been some difficult choices, but we will continue to put the company -- and our shareholders' interests -- first. Currently, we are well positioned to develop and market our leading-edge products and this will create significant shareholder value in the future.
WAVESCRIBE INTERNATIONAL CORP. 4311 Wilshire Blvd., Suite 204 Los Angeles, CA 90010 Telephone: (866) 669-WAVE (9283) Fax: (866) 702-WAVE (9283) E-mail: info@wavescribe.com http://www.wavescribe.com
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Man I hope so breadwinner. Its been sad watching this thing slump down below .01 (briefly yesterday). It should be trading at .20, but the MMs drove WSBL way down.
I doubled my shares today. It has no where to go but up from here.
posted
Patience is virtue people. Shorts are gonna run like chickens with theyre heads cut off this fall. Good contracts in the making. This is way undervalued. Look for volume to start picking up as we approach October.
posted
Crazy action today. Chart said it all yesterday...mm's are running to cover. The swing has started and .10+ is my target. Good call guys.
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quote:Originally posted by hotpicks1: With only 18 mil in float and 9 of that locked up for 9 mos, i expect one hell of a short squeeze here.
Do you know the authorized and issued shares [including those held by insiders]? What's your source for the 18 million float?
The company website Investor Relations FAQ has the following old useless info:
"How many shares of WaveScribe are outstanding? As of January 1, 2005 there were approximately 275,000 shares outstanding." [why do these pinks make it so difficult to get this basic info?]
A link to an SEC paper filing from may 2005 references registration for issuing securities, but it does not give details. That's the first time I've found an SEC filing without an electronic version available.
I took a small position on a flyer, but will await a response from the company on capitalization before making a significant purchase. Phoned and got answering maching, sent an email this afternoon.
-------------------- Logic can protect you from the hazards of faith, hope and trust.
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This is in bunce mode It's starting to pop up on people’s filters and strong hands are holding...
MACD is turning upward, getting ready to cross, and RSI still has much upswing left in it. Shorts are still trying to get out, and like I said in previous posts, we will see .04+ by end of week. If not in yet, don’t hesitate to get involved, as it’s destined to climb over a dime in due time. (2-4 weeks)
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Company had first in many contracts today, you have to look at bigger picture here, Getting noticed by global Players huge industry. Capitol structure improving through revenue increases. Stock was shorted in a downtrend now nitre running for cover. The chart is very bullish with rsi adx macd crosses.. It took 3 months to downt trend, upotrends alwasy happen quicker with simply put more rewars then risks.
Do your own dont let anyone shake or manipulate what youare doing, like the guy who started the thread wsbl everyone out.. I wonder why he wanted everyone to sell, probably so he could buy.. Think people you have a good company here in a uptrend, if u bought this on dumb luck consider the gods smiling down on u.
Now pay attention>>> to Ssft...hints to future partnerships deals, potential. You can bet people will be buying this as Nite is goona get spanked on news ah, .04 ma break coming. SFST 12 mil, wsbl is a buy out or merger candidate if the price is right, so be happy with what you are holding i am.
WSBL), providers of on-demand Internet word processor WaveScribe, continues to emphasize the importance and size of the medical transcription market. Recently, speech recognition solution provider ScanSoft (NNMS: SSFT) acquired the transcription platform provider MedRemote in a deal valued at more than $12 million in stock and cash.
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