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Don't think so. I don't expect news before Q2. Probably going back down to 2s or 1s.
Is there anything else you can contribute to this board, except bashing the number of shares ?
Did you ever have contact with Frank ? Lots of us here did, and might have more info than you have.
I believe:
a) One can make money on plays with far more outstanding shares.
b) Most pinkies that do reverse splits are none reporting, this one is going to be reporting prior to any merger or RS.
c) If they merge with a profitable company, they would not need to do a RS straight away.
I used to own pmti and vsnt, both were reporting when they RS-ed in the late 90 (or so), and they made huge profits for anyone that would stay with them.
They will trickle, first a 8-K/A, then followed by the Q's and K's for the past periods.
Did anyone hear from Frank recently. E-mailed him on Monday, but did not get any reply. Quite period.
Would suit me just fine, I am not yet done loading.
Just picked up 5 mio @0.0002, no problem to get filled.
Why only 360 mio ? Do we know how much he is owning already ?
I am not going to sell my millions of shares to him.
He said he would know for certain, which I don't believe if he talks to several companies.
I am puzzled, to some of us Frank mailed
- that he knows the merger candidate for certain (post 32207)
- that he is already in talks (post 32143, 32286)
- and now he mails that he is beginning negotiations (post 32329)
Now, only one of the three can be the truth I'll guess.
Which one is it ?
So, first Frank says it is not a candidate, then it is a maybe, .... guess what comes next ?!
Wrong, byers is his fallback (if this post is not made up):
----------------------
Posted by: carnelsonG
In reply to: mtgman27 who wrote msg# 32009
Date:1/17/2008 4:41:45 PM
Post # of 32016
"...We are talking with a small pharma company that wants a shell. Another is entertainment related. Another is a oil drilling and well program. Maybe Byers Food as a fall back. There will be something!
Frank ."
-----------------------
Hopefully not. I would like to see a real company (that is already up and running) to merge with/into WNSH.
If it is buyers, I am out of here in a split second.
Can you please elaborate on this ?
Does anyone know how much of the 3.7B float is held by Frank?
Could if be as little as the iBox info suggests ?
If yes, then we don't need 1B share trading days to move this up.
Accourding to the SEC filings they have the majority of votes, and don't need to call for shareholder meetings. What percentage of ownership is required for this ?
I started to build up a position with 0.0002 shares.
Read & post the whole part about adjustments, is all about possible forward or backward splits:
Adjustment Provisions . The Fixed Conversion Price and number and kind of shares or other securities to be issued upon conversion determined pursuant to this Note shall be subject to adjustment from time to time upon the occurrence of certain events during the period that this conversion right remains outstanding, as follows:
(a) Reclassification . If the Parent at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock (i) immediately prior to or (ii) immediately after, such reclassification or other change at the sole election of the Holder.
(b) Stock Splits, Combinations and Dividends . If the shares of Common Stock are subdivided or combined into a greater or smaller number of shares of Common Stock, or if a dividend is paid on the Common Stock or any preferred stock issued by the Parent in shares of Common Stock, the Fixed Conversion Price shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.
3.7 Reservation of Shares . During the period the conversion right exists, the Parent will reserve from its authorized and unissued Common Stock a sufficient number of shares to provide for the issuance of Conversion Shares upon the full conversion of this Note and the Warrant. The Parent represents that upon issuance, the Conversion Shares will be duly and validly issued, fully paid and non-assessable. The Parent agrees that its issuance of this Note shall constitute full authority to its officers, agents, and transfer agents who are charged with the duty of executing and issuing stock certificates to execute and issue the necessary certificates for the Conversion Shares upon the conversion of this Note.
3.8 Registration Rights . The Holder has been granted registration rights with respect to the Conversion Shares as set forth in the Registration Rights Agreement.
5
--------------------------------------------------------------------------------
3.9 Issuance of New Note . Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. Subject to the provisions of Article IV of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.
3.10 Rights of Shareholders . No Holder shall be entitled to vote or receive dividends or be deemed the holder of the Note Shares or any other securities of the Parent which may at any time be issuable upon conversion of this Note for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a shareholder of the Parent or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon the recapitalization, issuance of shares, reclassification of shares, change of nominal value, consolidation, merger, conveyance or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise, in each case, until the Delivery Date applicable to the respective Note Shares purchasable upon the conversion hereof shall have occurred as provided herein.
Here is more :
Posted by: sippinpurp
In reply to: ucantfoolmee who wrote msg# 31839 Date:1/8/2008 5:13:38 PM
Post #of 31842
I also had an email exchange with Frank today. He never told me to keep his replies to myself so here it is:
From: "Francis Manzo" <francismanzo@comcast.net> View Contact Details Add Mobile Alert
To: "xxxxxxxx" <xxxxxxx@yahoo.com>
Subject: Re: WNSH
Date: Tue, 8 Jan 2008 13:31:47 -0800
Just that it's taking longer than I would of liked. But an audit is at the speed of the auditor. Something will come of it, for sure! No delivery date from the auditors, but that's expected.
----- Original Message -----
From: xxxxxxxx
To: Francis Manzo
Sent: Tuesday, January 08, 2008 1:05 PM
Subject: Re: WNSH
Thanks Frank. Your tone seems to have changed. Are you still confident something will come of this? If so, what are the accountants giving you as a timeline these days?
Francis Manzo <francismanzo@comcast.net> wrote:
Basically Mark Ellis took out over a million dollars in salary, and we've got to document everything for the audit. The accountant expanded the scope of the audit, so that's why it's taking some time to complete it. Besides, I have never read the message boards, and really don't care what may be posted. All I know is I got to clean-up WNSH, and that's what I'm trying to do.
----- Original Message -----
From: xxxxxxxxx
To: Francis Manzo
Sent: Tuesday, January 08, 2008 12:38 PM
Subject: WNSH
Frank-
Haven't heard from you in a while and I'm sure you're tired of receiving emails from nagging investors, but are we still on track for financials, acquisition, etc? What kind of acquisition are we talking about?
There was a message posted on a board that claimed there have been some roadblocks and perhaps all is lost. The poster claimed to have received an email from you. I also noticed a couple of your staunchest supporters are beginning to question what's going on.
Now, I know message boards are to be taken with a grain of salt, but it's all we have sometimes. I just want to hear it straight from you, and if you want me to keep any info you give me off those boards, I will.
Thanks Frank.
xxxxxx
Found this on another board:
http://www.wallstreet-online.de/community/thread/1126589-32.html
From: Francis Manzo <francismanzo@comcast.net>
To: xxxxxxxxxxxxxx
Sent: Tuesday, January 8, 2008 3:58:25 PM
Subject: Re: wnsh
The accountant/auditor expanded the testing on the financials as a result of previous managements activities. The bank is sending the records early next week. We're still on track to get WNSH into a reporting situation as we do have acquisition candidates for merge. As soon as the audit is completed we'll announce some news.
----- Original Message -----
From: xxxxxxxxxxxxx
To: Francis Manzo
Sent: Tuesday, January 08, 2008 12:49 PM
Subject: Re: wnsh
Mr. Manzo,
I was wondering if you had an update on when we might see some news.
Sincerely,
xxxx xxxxxxx
Maybe Byers Food as a fall back ?! Merging two of his own companies into each other ? How much sense does that make.
Has anyone proof that Byers Food is actually a real company with real products ? Or is it just a nice looking web site ?
Why is it safe to say all of 2008 gone be black. SKVY made a loss in 2005 & 2006, and each reported quarter Q1, Q2 and Q3 of 2007. So nothing is given here.
Also, if they make a profit, it's gone be tiny, and with 120 mio. shares outstanding, P/E gone be high already at this share price.
The only indication for something good is the insider buying, and that's why I keep an eye on this.
Brief summary of a long e-mail I received from Yotty a week ago:
- hopefully early 2nd Q, WRNW is contracted to begin O&G drilling and servicing for DVFI
- approx. 2 yrs of well work-overs and new drilling (reoccurring income for the Co.)
- upon closing of the JV with the OTCBB O&G Service Company and the M&A’s, WRNW is contracted to provide mgmt oversight and will be handsomely compensated.
- all remains pending as final NYK investment banking and SEC audits and Corp attorneys on both sides are working feverously to close each M&A.
- WRNW has not been dormant, but all is seemingly on track and should bode well for shareholders. (News will be forthcoming soon).
- Personally, I believe the stock will respond accordingly (favorably) to any and all of this news as it unfolds this Q and in the future.
Now, which one is better to own, WRNW, the holding company or DVFI, the asset holder ? Or maybe none of them?
Guess what, got you.
This is the European way to write the date. For you US folks it would be 01/09/2008.
Maybe he is travelling, I got an e-mail from him on Sunday morning, and on a 2nd e-mail I send Sunday afternoon, I did not yet receive a reply. This would be the first time he would not reply to my e-mails.
So, I assume he is out for whatever reason.
I'll take some at 0.0001 !!
09.01.2008 to be precise
I got the following info from Francis:
a) in the process of hiring a PR firm
b) main focus is on getting our financials back to reporting condition, which is the first step of merging something into it.
c) we don't think RS right now.
I don't expect any news soon. Looks like they are still doing the financials. "Merging something into it", does not sound like a solid plan. RS not right now, well, later then!? How much later ?
"couple of companies purchased"
Can you please explain how those purchases gone be paid for ?
With the current share price he is going to buy nothing real.
How do you know that ?
How do you know ?
Can you please fill us in what that info would be ?
Did Rees also tell you what that would mean for WRNW shareholders ? Yotty gave me the same 20 mio. story about 2 months ago, with WRNW getting uplisted etc.....
Surely, they are not going to uplist WRNW & DVFI. SO will there be a share swap or what ....?
To me this is like WRNW sells its assets to itself again. Just no benefit to anyone. And the same management that run the show.
If there are any newbies here, be careful, and do your DD. Without a proper closing of one of these M&As, nothing is going to change.
My guess is down or flat.
We closed green on two 50.000 shares traded at 0.0007 (from a total of 6.750.000 shares traded). This is MM play, nothing more. None of the holders could have sold his shares at those prices.
Wide B/A, what do you mean? I see a bid of 0.0004 and ask of 0.0005, can't get much closer than that.
Just face it, no buyers want to get in.
Ask back at 0.0005, but no buyers.
I spoke to Team on Monday, and they wouldn't confirm anything, not even that the deals are still on. And they also did not gave a date.
I still have a few mio. shares which I'll keep, just in case.
If we would be holding 0.0001, would you call this a base too ?
Just imagine how we will run when we get confirmed VIA PR the information we have been confirming over the Phone & E-mail.
What did you confirm over phone & e-mails. As far as I remember your posts, Cementers and Team only confirmed that the deals were still on, but would not talk about anything more. I contacted both within the last 10 days, and they refused to comment on anything, even that the deals are still on.
Either WRNW closes a deal or not. That is what counts. PRs are useless.
Why don't you give up on Yotty ? If Rees & Yotty don't want to talk to you/us, it does not matter how often we call or send certified mail.
Does anyone have good ideas on which stocks to recover our losses ?