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Amazing news, this says Gesturetek does have the assets and technology that WNBD needs to move and succeed. .
How do we know it was not covered under the NDA?
Dilution of restricted shares can be very good news, as those restricted shares can have a time limit on when they can be excised, and it also means someone has faith in the company and technology behind it.
Yes, but again he wasn't even able to disclose the name of the company itself for over a year, why should he disclose anything related to it when he is not supposed to?
I am not having trouble with anything. We all already knew the company had problems and as a result of debt it was placed in trusteeship, this is not news to anyone. The patents and technology that $WNBD is going to gain from the healthcare sector of GestureTek is worth a lot of money itself.
"Bankruptcy unfortunately indicates far worse financial problems than we were lead to believe"
Bankcrupty can still be good for a business, it does not necessarily mean the worst news. This article below explains the positive effects of bankruptcy Positive effects of Bankruptcy link.
Eric Lehner is also the Co-founder of Space Horizon Canada.
https://ibb.co/3MZ9YyQ
For real, any day now and we get more PR coming from the CBD wine project. Very excited for the future of the company!
They can also do so by issuing restricted shares and put a minimum of 2 year and up to 10 year hold on who ever borrowed before they are able to sell, which is amazing.
No, obviously there are a lot of ways to raise capital in a public company.
"Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them."
It could have cost nothing but restricted shares to GestureTek CEO. Gesturetek was in debt and put in trusteeship, the only way to get out of it is to go public and we are talking about millions of dollars of debt erased when they go public. Gesturetek was the only to approach WNBD and not the other way around. Also, as for raising capital, It is not the end of the world. There are many ways to raise capital, only WNBD and GestureTek know how they are going to do it. GestureTek is also a respected company, so there will be trust in them.
True, I am loading at these levels easy 2X-3X from here as this is the bottom.
"Eric only wants to share what sounds good." Again, he did not share a lot about the whole new division itself, why should he share the bad before the good? How does that make any sense? He has so much PR potential for good reputation, but he should share the bankruptcy first when nothing else was shares in the first place, what kind of logic is that.
You just answered your own questions. Why is this a good investment, and why did gesturetek fail after selling one of their divisions to Qualcomm? Because of those investors leaving, and throwing Gesturetek in the ocean with no backing. That means that they are worth a lot but circumstances did not allow them to continue on with production in other divisions. Also, why does Eric have to tell the investors about the bankruptcy when he is under NDA? If he wasn't even able to say the name of the company, why should he say any other information about it?
Did you miss the part where they went bankrupt because the original investors pulled out even though they were profitable? that's why they went bankrupt and in trusteeship, that's according to Eric tweets in the past.
That's why we don't want to assume the worst because we don't know anything. The tech acquisition is happening because there is potential that Vincent and Eric see that we don't see.
This is exactly why WNBD is looking to acquire GestureTek.
That's a good question, maybe send Gesturetek an email with the question? Also, from my guess the metaverse was never popular until the very last couple of years where crpytocurrency and NFT came to light, the metaverse came with them as well..
"Since Metaverse has been around for awhile and if GestureTek has the experience to develope products in the Metaverve field of technology with Founder/Ceo Vincent & engineers, what do think has stop them from doing so?" ...
I believe it has been explained multiple times that this acquisition only happened because Gesturetek is placed in trusteeship and to get out of it, they have to go public making any debt null and get out again to perform in full capacity.
Why Eric Lehner? Eric is the Co-founder of Space Horizon Canada, and the CEO of WNBD with products in store all of the US and Canada, so why not Eric is the question? I wouldn't put a dollar in 99% of the OTC companies, but I put a lot in WNBD because I know the potential.
Gesturetek Health and signage are only one aspect of it, the second aspect is Metaverse technology. Gesturetek has the experience in their field to develop for this technology, I think WNBD will have a great future.
All I am going to say is just wait for when the Technology gets acquired, thats when you will see the real chasing happening.
Definitely, even without saying a word the PR that will be coming out after the Tech acquisition will make us rocket.
WNBD Niagara falls perfume Catalyst SEPT 16. East .004 and will be moving up from there. Tech acquisition still in the formal process, easy .01 stock MINIMUM.
This definitely is the bottom, there is a lot of exciting news as well.
I was on twitter and apparently someone made a telegram for WNBD but I don't like telegram, can someone join and tell me if they have ERIC in there https://t.me/WNBDgroup