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The largest gainer I have ever seen (I will research for that ticker again later) was from trip 1 to .50 cents on volume.
It's not over yet, and frankly could spell an even larger upturn if everyone counts them out and then they report huge financials.
It just happened with RXMD not long ago, they shot up over 4cents from dubs in one day and they are and were listed as Limited (yield).
I counted this out several times yesterday and checked and double checked the nt10k. The date is Sept. 28. Counting from Sept. 29 15 days = Oct. 13. The 10k was due yesterday and it was not filed, thus they are delinquent.
Dave should have spent less time at the cannabis cup in an empty parking lot (and probably partaking) and more in the office crunching numbers. AnythingIT had all these problems before switching over to WDHR. Read their last 10k, it states they have mismanaged financial records and they simply do not keep up-to-date with it all (per an audit report).
We all received our news yesterday.
WDHR is now delinquent and and hit with a yield sign by OTC, what does the yield sign mean?
Per the OTC Pink Guidelines:
" Companies that make the information described below publicly available on a timely basis (90 days after fiscal year end for Annual Reports; 45 days after each fiscal quarter end for Quarterly Reports) qualify for the Current Information Tier. Financial reports must be prepared according to U.S. GAAP or IFRS, but are not required to be audited to qualify for the OTC Pink Current Information tier."
WDHR is no longer at the Current Information tier.
Does this mean they are dead? Maybe. The Limited Information tier that WDHR is now in is for companies that have financial reporting problems (hint hint), economic distress and bankruptcy (WDHR, maybe?). BUT, the Limited Information tier also includes companies that aren't in financial distress, but are unwilling to file.
Does this mean WDHR is done for good? Well, not yet. They can still file and climb out of the hole they put themselves in. They will need to become compliant again and file on time. The SEC, investors here, and other private firms (such as the 4 companies they have promissory notes with) can take legal action if they want to. In addition, this will significantly hurt their brand name they were just awarded a trademark for. I would expect some social media backlash from current investors, namely Facebook etc. This could cripple if not destroy their brand entirely if agencies/businesses search for WDHR before making posts to their website.
This has been terribly mismanaged from the get go and WDHR finds themselves right where they put themselves, delinquent and facing harder times. I'm all for second chances in life and believe you can't make success without failure, has WDHR failed enough yet to get their asses in gear or are they just going to curl up like a little bi...
To all of us investors, it's not over until the fat lady comes out and sings "BK whopper"...BK might be on the horizon.
Search for 12b-25, SEC rule, all the answers are there. And yes, after midnight tonight they will no longer be compliant with the SEC.
We are all part owners of WDHR, as long as you own just 1 share.
If you do not understand a public company vs. a private then it's not worth my time.
Are you serious?
I have never had Dave Bernstein return my voice mails ever since I became a part owner. We all have rights here, we don't have to sink with them. Nothing like a noncompliance class action to set the record straight.
Ladies and gentlemen, I hate to sound like a Debby downer here, but I think we got the news already (albeit there is still 6 hrs left in the day). The no file will push WDHR into non-compliant status and it will not get better from this point forward.
Technically yes, they will not be compliant. They will then become subject to delisting. However, I doubt that will happen with a pink.
Rule 12b-25, they have 15 days. Here's the catch. WDHR checked the box in part 2 of the nt10k, so they are expected to publish by today. If they don't it can get messy. It depends though, the SEC will look at company history if their is a noncompliance and since WDHR has been on time they will take that into consideration. Usually if a company does not plan on meeting that 15 day extension they will not check the box in part 2 and leave it blank.
Today marks the 15th calendar day (starting with Sept. 29, the day after they filed the nt10k).
WDHR hasn't been compliant before and this hasn't stopped them one bit. When they increased the AS they did not ask for a majority vote, they just did it and filed with the SEC. A lot of these pinkies get away with these things (which is why they are pinks).
It's very possible they are the ones sweating it out, it could for all intent and purpose be a terrible filing. We will just have to wait and see.
There are no specified time frames that they have to be submitted by the SEC. It is just the norm. It is usually a pre-market release, a 12 noon release or an after hours release.
12:00PM posting or after close?
"Cannabis debate: MPs in historic parliament meeting today to discuss legalising marijuana"
http://www.ibtimes.co.uk/cannabis-debate-mps-historic-parliament-meeting-today-discuss-legalising-marijuana-1523532
There is a company with 2 trillion AS a float of 50 billion and it moved north.
It's been working for a long time. The reason WDHR is much different than almost every single no bid company is they actually have revs (1 million + per quarter), almost every other no bid have 400$ or less in assets and you know they are just a dilution scam. This is why I came here, the numbers. They could still be a dilution scam, we will have to wait and see. That share structure needs to change above all else first.
Financial results.
Higher revs, lower operating costs, paid off debt, going forward statement, industry update, share reduction, increased sales and job postings, high WC ratio, refi any loans\notes. There's a laundry list.
They have until the 13th, as per nt10k.
Agreed, but you are only talking about one side of the business, the other side (AnythingIT) is where all the debt is from. Their operating expenses are pretty high (400k+) and a single job posting website (however, successful it is) does not need to be anywhere near that cost.
WDHR will do great things, but it will be interesting to see if they can keep AnythingIT afloat, technically we don't need AnythingIT to be successful (even if the large majority of their profits are from AnythingIT). WDHR needs to increase posting prices to stay competitive and break away from AnythingIT if need be (and might very well be forced to do so soon).
We'll see what happens, don't ever trade on emotion or on dreams, you'll lose every time.
They have until Wednesday, few more days ladies and gents.
Big week here for everyone that owns WDHR shares.
It might be goods news, it might be mediocre news, it might be terrible news, but we will all see news.
Great news for WDHR, look for those new job postings soon at weedhire.com
They are called death spirals and yes, WDHR would be prone to that.
They can convert all they want, but they won't. The reason the lenders won't is because there is no one to buy shares.
It's all about financials, WDHR has a lot of work to do.
Columbus day is not a market holiday. Trading will happen on all major markets including OTC.
2016 will be huge for rec around the country, not just Cali, we will launch then, mark this post.
Time is variable no one is taking into account.
Time is money, and the longer they "work" on securing financing for continued production the more money they waste.
It is surprising it is holding at high trips/low dubs right now. Many flippers are holding this channel, not longs.
What side of the business?
This is two companies in one, it's really a venture company (as stated in the last 10q).
If they were to shut the doors on AnythingIT (and it might not be a bad thing to do, depending on sales of course) WDHR could be run from a bedroom by one person, no overhead and tremendous upside. It would take a very crafty individual to get the right connections to do this, but it could be done. As of the last 10q most of their revs are coming from AnnythingIT.
In the 10q WDHR reported 2 closing warehouses, to save on overhead, in addition they announced reduction in force. They stated more reductions may be necessary (yes they are) and they need to focus on being a small powerhouse for what they have. WDHR needs to cut managers salaries or altogether, go light on top keep the working hands working and increase their 4.20$ (sounds kiddish, let's get real WDHR) postings to 25$ to stay competitive and drive in additional revenues.
What time frame, hourly?
All the debt is from ANYit.
Nor do they know what working capital ratios are and how they are adjusted for pinksheets.
That was current March 31, 2015. You need to learn more about financials. As I stated earlier, the WC from that 10Q was 0.37, the liabilities are a part of that equation.
And now you understand why the price is what it is, right?
WDHR has given the option of the lender to convert at any time, guess what...the lender hasn't converted yet. They are waiting to see if WDHR can be successful and bring up the pps organically (and perhaps pay back the loan the old fashioned way, with cold hard cash).
WDHR has been improving, with increased sales, workforce reductions, lower overhead, etc. This 10k will be telling to what WDHR has for a future (if any).
Good luck.
Those aren't dollars those are shares.
The last 10Q reported a WC of 0.37, if it were in the billions owed the WC would be in the 0.00037 (that's impossible).
They have until next week Wednesday to file. IF they do not they will likely be delisted as they have already asked for the extension and you are only allowed one.
No one can answer, the TA is gagged.
When does TBEV sign with NASA?
I hear they are taking this to the international space station and then the moon in the future.