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Alias Born | 02/04/2004 |
Friday, August 22, 2014 2:02:13 PM
So when SQUEEZER posts the following>>>
All he's really doing is pointing out the obvious fact that after over 8 and a half years of selling over $12M worth of discount stock to fund Eric's salary, employee salaries, branding endeavors & sales attempts...Eric hasn't been able to deliver any relevant/meaningful sales despite plowing through millions and millions of dollars in discount share funding...all paid for on the backs of WNBD shareholders who had to continuously absorb that dilution over the years at lower and lower share price levels since WNBD's inception!
Taking the pre-reverse split starting share price into consideration way back in January 2006...WNBD's share price has now eroded down from over $300.00 per share to .0001 because far more discount stock gets sold every year than actual sales delivered!
Had Eric effectively deployed branding initiatives over the past 8 and a half years when he had all those millions of dollars raised from his constant sale of discount stock...sales should've/would've improved by now instead of falling off a cliff over 18 months ago and never recovering!
And with the current rate of dilution barely being able to cover his overhead each month according to his own posted fins...there's no money left to deploy to proper and effective branding endeavors that might actually give the products a chance to succeed!
The market doesn't just magically discover badly branded products for themselves that aren't delivering great let alone improving sales numbers no matter how many times that's been thrown out there over the years for consumption.
Which is another reason the post reverse split share price has eroded down as quickly as it has...due to constant bid whack attack dilution and because no meaningful/relevant sales are being delivered and there's no money remaining to try to change that terrible track record of results after over 8 and a half years...due to all the previous failed branding initiatives already launched under Eric's watch and the fact that beyond Eric...WNBD doesn't even have a sales force out there trying to change all the grave conditions Eric alone created...unless people want to consider his lady friend WNBD's sales force!
It's great to dream which many have done over the years when several were buying into the 10 year vision being pitched...but the moment the sales team exited stage left and the blog machine became the main branding resource 4 years ago...constant sales of discount stock have been taking place behind the scenes and no relevant sales increases are being delivered...a sure recipe for disaster!
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