Thursday, August 25, 2016 2:23:23 PM
I started reading you all maybe two months ago and have tried to understand how the market works. Why because I am curious about Trump and Clinton.
So I read back on WDDD's history and Sec filings and court cases and the debate here.
From what I can see WDDD has been bust and in debt for over a decade, paying it's staff each year out of nothing.
But as each year ran by a statute of limitations on its debts made things potentially easier.
Just hang on long enough and the the law lets your free of honour.
Then a patent success and a blatant which takes off because it's only a gamble ... but fun.
In all honesty it is incomprehensible that a legitimate financial system would not have ensured the closure of such an operation a long time ago if it had tried in the slightest to gain money from its trading position.
It survives because of its potential i.e. its patent ownership.
The whole reason for its relinquishment of debt and continual loss making survival is quite simply a market mechanism that allows a continually in debt organisation to manufacture money and generate CEO pay checks through the agreement of a handful of shareholders answerable to no one ..let alone common justice.
Recent WDDD News
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 06:34:14 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM