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Alias Born | 02/04/2004 |
Wednesday, August 05, 2015 11:30:57 AM
And with accounts like Home Depot Canada no longer even carrying the product on their shelves and Canadian Tire and Home Hardware barely with any remaining product left on their shelves...the question now becomes what is eric's next move going to be?
We know he's filed all the required paperwork to dilute up to $10M via regulation D...so logic would suggest that the only thing he can do to try to resurrect his dead duck is to initiate another reverse split and hope that he can dilute again like the glory years of 5 years ago.
His last reverse split in april 2013 definitely didn't have the desired effect because he was only able to dilute approx. 1B shares b4 the stock went to no bid and liquidity was destroyed...which means he really wasn't able to raise squat from the post R/S dilution. So it's little wonder that WNBD remains stop sign status on OTC Markets which proves that eric doesn't even have the money to pay them their subscription fees...and without becoming pinksheet current again...there's no logic in even initiating another reverse split because the post R/S funders can't even clear dilution stock all the while WNBD remains stop sign status on OTC Markets!
So either eric finds some money from his couch cushions and pays all the required filing fees to get WNBD back to fully reporting pinksheet status on OTC Markets and pays all the required filing fees to initiate another reverse split...or he continues to let the dead market conditions of the past calendar year be his final PubCo market hurrah as he continues losing more clients like Home Depot Canada and continues watching WNBD's across the board sales decline without ever really blogging anything about the adversity he's currently facing!
1 thing's for certain there can only be 2 outcomes from here...eric either pays otc markets and regains fully reporting pinksheet status...or the market that's already been killed remains dead and WNBD continues to see sales decline with eric never really coming clean on his precious blog about how/why he allowed everything to whither away and die a slow death!
Totally hilarious looking back on all the old blogs with eric pounding his chest proudly proclaiming that WNBD was supposedly so superior to all its pinksheet company peers because eric kept WNBD at pinksheet current info tier! I guess all those repetitive chest thumping blogs about his supposed level of transparency have all come home to roost now as well as he continues to let WNBD remain at stop sign status on otc markets and not bother blogging the truth to any remaining WNBD shareholders as to why!
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