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On December 3, 2008, the President of the Company issued Promissory Notes to AJW Partners, LLC, and related entities, in the amount of $57,500. $50,000 was loaned to the Company and $7,500 was paid as Loan Acquisition Costs. The Notes bear no interest unless and until an event of default occurs, as specified in the Notes. The Notes are due December 31, 2009. The $50,000 is included as a Current Liability in Note and Loan Payable - Officer.
If you point to the filings, then you should show the whole picture. AJW Partners has an interest in WLSI for it to suceed or they wouldn't be investing with them.
The only positive is that it confirms all the converable selling is out of the way. WLSI should start to rise soon
Whatcha talking about Eminem?
Good morning Wellster's! Maybe this is the calm before the storm! We held up well yesterday. Don't think it would take much buying to get us back to 8's and 9's
I agree. To test the bottom we need more volume. This would confirm if convertibles are done.
Having a Patent on a product can sometimes be more lucrative then cash flow.
Lets take this a step further - I want the company to post an update. The last of the convertable Notes seems done so I'm thinking the bottom is in. This will be tested in the next 2 weeks.
If this product gets in the right hands somebody will want to own these Patent Rights!
I just saw one of those "Has a family member or loved one been injured or neglected in a nursing home,then you need to call $$$$ Attorney's at Law" commercial. One of the items they mentioned were bed sores. I'm sure an insurance company or large hospital is very interested in what Wellstar might have.
They just might have something that someone else needs.
Good Luck!
Why whats up?
Wow! Pre market trading for WLSI!!
WERE CLOSE TO THE BOTTOM!!!!!! WATCH FOR THE UPTURN!!!!!!!!
Seems quiet in Wellstar land today. I don't think that it would take big $$$ to get this moving.
Good morning Wellstar's! lets get those 7's out of the way!
Slojab, I agree I (we) have seen all those things happen too. All I'm saying is cash is moving in (i.e. pp for $1m plus $250k private investor) to complete the products. Let the cash do its thing so we can be rewarded in the near future.
your agenda seems to want this to tank further. Unfortunately, we will be reversing soon. Cover your short position and move on.
Slojab, you seem pretty negative. I can only assume you bought in at higher prices or you have another agenda. At this price point, this stock is now looking like a great entry point. The investors in this company are pretty smart guys and thats why I jumped in.
I'm a buyer if it dips below .0005. The dilution is looking like its over and now we should start to form a bottom. Once WLSI is clear to start delivering there product we'll jump to penny land fast.
Look for my buying on the dips tomorrow! She's almost ready to roll over and head to greater heights. IMO I think we should see a series of PR's rolling out in the next few weeks updating us on recent events.
Just jumped in today gang. I think word is spreading about the potential here. I think some "heavy hitters" are starting to look at this. Will try to pick more in the days ahead, we may drift here and there but WLSI will be rocking soon!
Cool! Thanks all!
Ball park as to when we might see a PR released?
What would that mean? The test thing?
sorry, I just realized i was checking the old site.
trying to catch up today, did I read the website is up?
If don't mind posting when available, I would appreciate it! Love those 'kini's!!
Could someone post the BID/ASK lineup - Thanks!
I wouldn't be surprised to see some buying volume the last half hour. Might get close to even today. This should pump a few more times.
...that and spring is coming soon so the orders are probably picking up
What gives today????
I this company just looking to sell its shell? reverese merge?
How does a business that has not been in business have such a tax loss?
What are you talking about??? I thought there building houses and condos in Mexico!! and financing mergers and aquisitions!!! Wait until the cartoon royalties kick in!!!
Those Merchant Banking fees outa cover a measley $13k!
IS THE AUDIT DONE YET?????????????????
Is the audit done?
Awe! 2009 and were in triple zero land. I can't believe it took so long to get down here. Its unfortunate this couldn't amount to anything. FNLH USED to be a decent shell company i.e. small float had a working business etc. But now they (the pumpers, pushers and the main share holder) have ruined this company.
Too bad, because even if this could have ecked out a small profit BP had alot of $$ ready to support him.
Who ever said .0005 is still to high of a price is dead on.
Later dudes! But this one sucks
oops! RME
Who is RMG?
Again I'm trying to get up to speed.
Thanks!
Thanks!
One more question, the 13g, is that to account for the "actual" shares in the float?