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Re: doogdilinger post# 213370

Thursday, 06/08/2017 8:28:04 AM

Thursday, June 08, 2017 8:28:04 AM

Post# of 241024
Even if Eric files WNBD's long overdue unaudited financials by June 30th as he's been promising to do for 19 months now...in order for Eric/WNBD to even dream of ever being in a position to provide Reg A funding to any private company the 4 following additional steps would need to be taken:

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!


Never buy or sell based on my posts! My posts are just my opinion!