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Thursday, June 08, 2017 8:28:04 AM
1. WNBD would have to file with the SEC to regain SEC registered status.
2. WNBD would then have to pay someone to prepare and file a Form 1 filing with the SEC.
3. WNBD would then have to pay someone to prepare and file a Reg A offering with the SEC.
4. The SEC then has to review the Reg A offering prior to approving it.
And even if this CEO did all 5 steps above...he would then have to pay registered/qualified PCAOB approved accountants/auditors to file 2 years worth of fully audited WNBD financials...if he expected to open up his Reg A offering to all USA citizens...otherwise if he didn't file fully audited fins less than half of USA citizens would be able to even participate in his Reg A offering.
And as it currently stands right now...since putting out the carrot dangling January 2017 PR about having a commitment from GPL funder to supposedly fund a WNBD Reg A if WNBD's CEO ever gets WNBD into a position where they actually have a qualified SEC Reg A Subscription Offering...5 months after his January 2017 Reg A PR this CEO hasn't even done a single step necessary yet to even file a Reg A!
And finally, according to WNBD's own financials, WNBD has no money to even afford to do all the necessary steps to file a Reg A...and even if WNBD did have the money to pay all the costs in each associated step required...it would take months from now b4 WNBD could even be in a position to have an SEC approved Reg A offering out there...and at the current rate of dilution of 800M shares per month...the chances of the next reverse split occurring here are far more likely than Eric/WNBD ever paying all the associated costs to go through all the steps/requirements necessary to put WNBD into a position where they have a Reg A approved by the SEC!
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