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Any smart investor would ask why one of the biggest brands known now appears to be without a CFO and COO but with no announcement on either.
Gastro,
Thanks for this link because it allowed me to figure out which BIOs are missing.
Anyone know who the new COO of WOW is now that Rick does not seem to be there?
Anyone know who the new CFO of WOW is now that Dave is no longer on the website?
They were with WOW not long ago when Greensafeclean copied and pasted the info over from the WOW site but now their BIOS are not on the WOW site.
Is Allie doing all of these things now...CEO, CFO, COO?
Millenium
Are you sure Jordan Zimmerman is still involved other than as a shareholder?
I note from the WOW site that there used to be 4 BIOS listed (but not Zimmerman) and now just 2 are there (still not Zimmerman). Seems to me there are some changes that have happened recently.
Benefits of buying GRBG listed included:
Share ownership opp for distributors - they have not been piling in lately and IMO many MLM participants have high turnover and rarely extra cash for stock ownership unless they are top tier.
Transparency - let's see if this happens - depends what they roll into the company.
DFE compliance - this is good for them to have and a differentiator
GLTY...
papa,
That is correct, I do nto own any GRBG. My goal is to ensure that the yellow caution flags are at least present on this site in addition to the rosy outlook that some others seem to want to portray.
For the sake of those like yourself and Wadi who seem a little more balanced, I hope this works out for you - but for those who post outcomes that are incredibly unlikely and whose goal is to flip this to some unsuspecting newbie at a higher price and then disappear onto other boards - I hope I can have them be the one stuck with the shares and the newbie spared the pain.
Momo plays may work out well for those in early but you often find their boards cluttered with stories of first time buyers who thought the stock was a great long term investment and now realize they got caught up in the hype and greed.
Hope my good intentions are understood and appreciated for what they are.
Wadi - re: manufacturing revenue sharing
WOW needs a manufacturer for their 2nd generation products.
Their first generation products were manufactured by EESO and there was a stipulated markup on them in that contract. Why give away part of your profit? Move this inhouse and keep the markup.
With 2nd gen products, they can also stipulate a profit to be made by GRBG on manufacturing - trasnfer pricing within an organization needs to be done at reasonable prices but can be manipulated to place profit or loss wherever you want. I am guessing they flow some profit through to GRBG but then it gets dividended out to preferreds (Bill, Allie, WOW) as a tax reduced revenue source for them and while they show growing revenue for GRBG, the bottom line remains there is no money or value left at the end of the day.
That's how I see it playing out....but I may be wrong.
Abashii,
I highly doubt there will be a pop here. Rumour is out there as is most of the news too.
RS prediction is based on whether or not WOW needs to raise cash. If yes then they RS and sell into the bid. If no, then no RS.
I may be completely wrong on this but I see no reason WOW would pay anything to common shareholders at this point or in the foreseeable future.
Papa,
Which of my negative guesses do you guess are incorrect? We will score our guesses on announcement of completed deal.
If they are waiting for a big POP then they may be because I do not see it at all.
And hopefully the newbies that are coming here to read the posts and do some DD will at least see some signs of caution along the way that makes them think twice because they are the ones that re usually involunatarily here long term while those who pump the stock and suck them into buying on the basis of half truths are long gone.
WOW wants a public shell so they can use it for manufacturing revenue sharing and also for raising capital in the future.
51% of preferredsis all that is needed to do so.
IMO, they will RS the common at around 1 to 10,000 but only reduce A/S to 500 million or so and then start to dilute and raise cash that way for the WOW group.
Might work out well for you on the takeover hype but long term there is likely little here for commons and even short term the whole buy on rumour sell on news will likely see a very brief spike on closing of deal and then reality sets in.
GLTY...
Sorry - I mis-spoke in prior comment. Deal is not yet closed but remember that the LOI is for "controlling interest". How do you get controlling interest in GRBG? By buying 51% of the preferreds or more.
How many common shares are needed to achieve controlling interest? NIL.
JMHO but there will be nothing for commons when this deal is announced and lots of Bill and Rebekah...
Time,
Read the PR again...WOW has already bought controlling interest of GRBG. There will be NO OFFER for the common shares - Bill is the only one getting cash out of this deal.
Why would WOW buy commons when preferreds get the only votes here and when preferreds get any dividends that might be declared?
Papa.
tried to create doubt on EESO if you look back to my original posts - after investigating EESO I asked what I was missing since I could not see any value and the financials that were posted were fabrications in my mind. Turns out the SEC seemed to agree with me as well.
On this one, I do not see the wording of the takeover leading to anything good for common shareholders let alone the actions of Bill since he started the company. Granted himself 300 millon shares and his wife another 52 million. That is basically your increase in OS other than the converted preferreds much of which seems to be to pay for Bill and Rebekah's salary unless they are working for free.
Actually Papa,
My post regarding valuation of SSPT was because Verdict had nothing to back up his crap when he posted it as being worth the asset value rather than taking a look down the financials and noting that the company GRBG paid $200,000 for was actually worth negative $500,000 at the time.
And Verdict has yet to correct his prior PUMP. I guess bullying works both ways if that is what you want to call it....
papa,
I hope for your sake I am wrong and for the sake of those who honestly think this will be a good investment (but not for he sake of those who are here to twist facts and pump his thing as they try to get out and leave someone else with a questionable investment.)
If this turns out well long term for common shareholders that is great but I am not convinced there is anything here short or long term.
Am I creating doubt? Maybe. I tried to create doubt with another company on here that I saw issuing PRs that were full of hot air. I wish I had created more doubt especially for those who are seeing this as their first foray into the investment world based on some hot tip. They are most likely to be burned on pinkies.
Well once you resolve your initial assesment of this, i will put forth my arguments on the value of SSPT.
You do understand that SSPT was worth negative $500,000 when bought by Bill...not exactly a bargain in my mind.
From the SSPT Sept 30 Financials:
Total Assets = $2,151,343
Total Liabilities = $2,657,774
Total Shareholder's Deficit = ($506,431)
I stand corrected, the deficit was greater than originally posted by myself.
Your turn to confirm my numbers....
Verdict,
Incorrect again. There are pink stocks with net assets (in fact, GRBG as at last filing date is one of them although its assets are also of questionable value).
So, you still have not answered my question? What number did you find as the book value of SSPT - not just the assets but subtract the liabilities.
Verdict...
Oh boy...where do I start. Let's just go with the obvious which says: a Balance Sheet does not stop after Assets.
There isthis pesky thing called Liabilities that comes next. And when liabilities are greater than assets then it means you are in net debt...in the case of SSPT to the amount of more than a half million and their one asset is of questionable value IMO.
Please report back once you have scrolled down the Balance Sheet and let us all know what the stockholder's deficit is for SSPT.
Verdict,
Really? You believe that the 4th Q revenue from Shot Spirit is going to be huge? That company did all of $600 revenue in Q3 and you believe Bill when he PRs that he thinks they will do $500,000 in less than 2 months?
That is a big increase and may even be something that Safe Harbour might have a problem protecting the writer from...
You do understand that SSPT was worth negative $500,000 when bought by Bill...not exactly a bargain in my mind.
I am guessing that you never hear another peep out of GRBG about SSPT other than perhaps a stock dividend to each of you that will be as useless as the GRBT dividend you already got...or did not get.
Verdict,
If you read the PR and read between the lines, there is no good news here for common shareholders IMO.
GRBG will be the manufacturer of WOW products. It will not sell to anyone other than WOW since it was stated in a CC that it will not compete with WOW distributors. So the distribution of the products it manufacturers will only be to WOW itself.
WOW is not buying your shares - they bought some or all of Bill's preferred shares for some amount of cash and Bill will be getting shares of WOW as well.
WOW will not be folded into GRBG - GRBG will be a subsidiary of WOW and may be set up to lose money or make it - if it makes money then expect that to all go out in dividends on the preferreds leaving nothing for you.
In my opinion this was the fastest way for WOW to get a public shell that they use as the manufacturer to replace EESO and keep costs and income inhouse. If WOW needs cash in the future, expect them to R/S the GRBG commons and then go to market with more shares diluting you to pay the top few distributors and management at WOW itself.
As I see it, the details of this will not be great news when and if the true details come out...
Good luck. You may need it.
Doughboy,
You do not know that there will be much if any revenue to GRBG. You know that WOW will buy controlling interest in it but you do not know what revenue or expenses they will flow through it.
Bill gets cash and shares for GRBG. The shares will be in WOW which will remain privately owned - any net revenue that flows through GRBG will likely go to preferred shareholders in the form of dividends leaving nothing for the commons.
WOW gets a shell through which to do whatever it wants including capturing its own manufacturing revenue and expenses or who knows what...
If you check Epic's board you will see that the group is not looking at this again until they see 0.005 so they have not faith that this is the right price to buy and would likely be selling here.
Re-entry is 20% below here or worse.
Re: Year end write-offs for tax loss selling. I think the final day for selling is past already as you count settlement date but I may be wrong. These sales have nothing to do with tax losses.
I think the people who are selling today are either insiders, Big Apple or other investors who no longer have faith that this company will reward common shareholders but will be positioned to favor the preferred shareholders. Time will tell.
Good luck.
Almost like they forgot about Christmas when they made the announcement. Not the brightest light bulbs if that is the case.
Blame Christmas for delaying the deal like it snuck up on them or something and they thought it was in January instead of December....
tutu,
do you want us to call an ambulance? I think the insane guy said you would be dead by now.
A few questions for those believers here waiting for WOW distributors to buy in?
How many distributors are there right now that are active?
How many have any disposable income to even buy stock?
What is GRBGs actual role in the future of WOW? I am more convinced that it will just be the manufacturer of the product and with trasnfer pricing may be a good place ot either store profit or loss depending on how they srtucture the deal. If LOSS then nothing here for shareholders, if profit then watch it go out to preferreds shareholders before any makes its way to the common shareholders.
JMHO but this one smells like it is not in best interest of commons...
They get RS'd too.
Assuming of course the restriction was for more than a day or two...and the recipients have not already dumped their shares prior to this.
Of course, some restrictions turn into fully vested stocks on a liquidity event depending on how that is defined within the agreement.
And I have been nice with this post and not even pointed out that IMO most of these buyouts were to gain nothing for GRBG. Really whee is the revenue stream to justify the prioce for any of these transactions....
Buyout as a combination of cash and shares - here is how - Who actually owns control of GRBG? The preferred shareholders = Bill.
So he sells 51% of preferreds to Allie in exchange for cash and some common shares of GRBG.
There is your cash and shares combo.
What did you get...nada...why? Because that is what you own now and control right now. There is no cash for the commons hee and no shaes unless you count the Greenbridge Technologies shares you were to be dividended out - oh yeah, what happened to them - anyone have them yet? Some of the newbies don't even know about that great PR...
The RS comes next to increase the overall price of the shares. Hard to have people think you are a legitimate company when your PPS is sub-penny let alone sub - $10 or so.
Even after the RS Bill still has a huge whack of shares, as does his wife according to latest amended filing so even after RS they have lots of commons and some preferreds that are convertible into even more common. He will do well out of this.
Allie gets a cheap shell into which to merge his multi-level-marketing company and I do think that common shares will be issued at Platinum or Diamond Level etc to those who sell sell sell the product. Great way to bring in new distributors although few will ever see the shares.
May turn out different but this is how they accomplish the cash plus shares terms for control of the company. Everything to Bill and nothing to you other than a RS and then massive dilution to fund many more salaries.
Yep, RS will come first IMO as he will not want a penny stick representing his company. I fully expect some massive RS in the 10,000 to 1 range but AS will remain as is.
That leaves most people here with barely more than a board lot of shares.
tutu?
Where did I ever have anything good to say about EESO. Called it a scam from the start - recall you being a supporter though even while I was trying to point out the problems there.
Issue here with WOW moving in is that shareholders will likely get nothing out of this other than a RS and then ridiculous dilution as WOW is valued and moved into company - kind of like how the formulas at EESO were valued and moved into the company in exchange for shares or IOU from company that is then paid off through shares being sold through outside firm.
JMHO but beware...
But you must know - my understanding is that Gelato ended in bankruptcy with alot of franchisees feeling like they were scammed.
person at the top of franchise operations will always do better than those at the bottom - same with MLM and penny stocks IMO.
maninnepa,
Waiting for an answer to my question about Gelato Di Roma - you knwo the brainchild of Allie and what makes him a WHIZZ kid in your mind.
Just curious how that whole best franchise ever worked out?
Thanks...
Have to think Epic and gang are mostly gone on the run. Might be a few still around but none of the leaders, just the followers.
If they still cared they would be here posting or may have even updated their website with the most recent news.
No shares, no care IMO.
Manninepa,
Not sure if you are serious in saying he is a WIZZ or not.
Why don't you check out the current status of this amazing franchise opportunity and then let the board know how great Allie is at coming up with ideas on his own...
Could work out for you. Happy for the long time holders here.
Still do not see a business worth owning based on what I know of WOW from EESO days as well as looking into Mallad's most recent ventures.
They bought "majority control" of the company for cash and stock which means they bought about 10,000 preferreds and will give Bill some cash for this plus some common shares.
The rest of the shareholders get squat. Watch for the A/S and O/S to skyrocket as the current owners of WOWGreen vend in their various private shares of WOW for tons of shares of GRBG further diluting your value IMO.
Porbably some initial hype on the way with lots of shares being sold to raise cash for WOW.
Play whatever POP there is quickly IMO.
And no one asks the name of the Promo Firm?
Seems to me that is the big unknown question and answer and there could be some interesting DD to be dome once the name is known.
JMHO...what is being hidden? Why no name?
And interesting that they are being paid by a third party shareholder and not the company...who has that many shares that cheap that they will pay a company to raise visibility of the stock?
Good luck with that.
The problem is, the sells are the 500,000 orders and the buys are the 100 share ones.
Now where are all those shares coming from that are being sold...there certainly were not that many shaes around a week or two ago?
I guess it can be counted as a victory that the loss today was only 4%.
The 0.003's will likely come tomorrow based on this one's pattern when the people sitting at 4 start to wonder if that is the bottom after all and if they are the bagholders this time.
Quick. Someone put in a buy for another 100 shares so you only close down 5% instead of 11%. (Phew, that was close!) (Oh no...another big dump right near close. I hope you were able to get another 100 buy in.)
Lost...
Did not have an alias before May.
Was researching EESO at that time and oined to ask some questions but quickly realized it was likely a scam and tried to warn a few people on taht board.
Since Bill (CEO here) was with EESO during what is now known to be the share wrap agreement time (who knows if he knew or not), I started following his little venture and that of Mark Newbauer at MIKP.
All are very typical pinks in my mind with little revenue and seem to print shares to pay the bills.
On the EESO board there are many people saying they should have listened to the "bashers" and "why sell now I am down so much" etc. Some of the big supporters of EESO are now on the other two boards. Guilty by association...not necessarily...but your antennae should be way up and you should be aware of the connections...
Hope that helps give you perspective on my contributions.
Stocks are not the only things that get "played" here...so do newbies.
Good luck Lostiniraq.
No idea...what do you think?