Hi Tony,
Yesterday was a severe drop, but it had nothing to do with the fundamentals of the company. The management has a definitive plan that they have implemented, and are working diligently to see that the shareholders realize value for their investment by getting the Dental Color Analyzer to the marketplace. As far as the stock price, I heard that there was a shareholder with a large position that had to meet a margin call as the DOW was dropping yesterday and the broker basically sold out his position. My guess is that this started a bit of a panic, the MM's jumped aboard and we closed at $0.29.
Everything's still on schedule with the DCA. Today, Pat McGowan (President) and Dr. David Gane are on the road, meeting with some strong potential distributors. As soon as a deal is finalized, I'll post it to the thread. The company is aiming to have the DCA on the market by September.
Wolf also has an analyst report coming out in the next couple of days that gives an extensive overview of the company, along with a Market Assessment Report which was funded by the B.C. and Canadian governments. The website wolfindustries.com will probably have copies of these reports shortly after they are released. In the meantime, if you would like a copy of these reports, please call me toll-free at 1-888-253-6657 or e-mail me your name and address, or fax number and I will send them to you.
There are also presentations scheduled in Toronto on Aug. 20 - 22 with different finance groups who have expressed interest in the company, and also in New York on Aug. 24 & 25. I will post an update on those meetings as soon as I hear anything.
Please do not hesitate to call me if there are any other questions I can answer for you.
Sincerely,
Amanda Marley-Clarke
Investor Relations
Wolf Industries (OTCBB:WLFND)
1-888-253-6657
wolfindustries.com |
