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This is from last year. Old news designed to create panic. GERN should take legal action for manipulating share price. Disgusting!
Ok, first of all the pricing closed late Monday, secondly the people who were a part of the offering took possession of the shares Tuesday. The TRADE DATE was the 14th, the SETTLEMENT DATE is the 17th. If you do some digging you will find this to be true. My final point on this subject is the discount. Anytime there is an issuance of shares for cash there is a discount. For bigger more established companies it is usually 5%. For penny stocks it is usually 25%. This was 30% plus - the biggest discount I've personally ever seen. I will admit that I misspoke when I used the word "majority" have already sold. should have said "many". So sorry.
I believe the majority of people who got in on the offer have already exited this stock with an easy 20% gain in the pre market or at some point that day. Incredible discount on those shares.
I would be happy with a house plant or an ashtray at this point. Each would probably have a better business model than Eric's scattershot master plan.
That's a good thing here since all pr's do is give the 504 the volume to dump at .0002. imo
"Bafoon" is a word my generation never really embraced, but I believe if you look it up in the dictionary there should be a little picture of Eric next to it. As far as being a ceo goes that is. Now his ability as a con man is quite different. If he could only con one buyer in a national chain like he did the many shareholders here he'd be on to something. Wonder if his girlfriend is proud of him?
Another thing he could do would be to "officially apologize" for suckering many of us into this money pit by telling us Lowe's is imminent when it wasn't even close to that. Still isn't. Also, for being an idiot and congratulating all of those who bought in at 2 cents while diluting us down to .0002. A company "worthy of study" alright. Wow.
I couldn't agree with you more. Spot on. IMO
From what I have seen and heard from this "ceo" over the past three years it is clear to me he belongs in prison. Maybe then he will get to do what he was put on this earth to do, write science fiction!!! IMVHO
"Where do you suppose any collateral will come from? Not inventory, not receivables, and I would bet any money Eric isn't going to stand behind this with a personal guarentee of his own."
Someone please correct me if I'm wrong, but didn't the shareholders pay for the house where Eric resides? I believe the house is owned by WNBD. I'm trying to remember where I saw this, but if it's true there's your collateral. LOL
Between .0001 and .0002 if no r/s. I truly hope I'm wrong, but Eric has shown me since day one that shareholder value means nothing to him whatsoever. Why would that change now?
Glad to see your still around. Good analogy. Hope you have a great Christmas!
About 2 1/2 years ago I wasted 36,000 dollars on this ill-advised "investment" because the ceo strongly implied WNBD was on the verge of it's first national account in America. I have also never sold one share for the same reason as you. I have never really been up on this stock and today I have a couple of grand left. Anyone dumb enough can buy more shares than I have for less than a thousand bucks. I can hardly wait for Eric to tell us all why a r/s will be the best thing for WNBD and it's investors.
p.s. It really cracks me up when Eric blogs about morality and ethics.
Very well said.
If Eric were truly a stand up guy he would put his enormous salary more in line with WNBD's revenues and stop some of this rediculous dilution to give his overly loyal shareholders a break. IMO
Wow. 600 bucks will buy you a million shares today--if you can find a broker to buy this crap stock through. I remember paying 15,000 dollars for a million shares a couple years back. My only question is how did Wall Street let a crack CEO like Eric get away? He's been talking a great game for years now. He's truly wonderful for shareholder value. Damn shame.
Eric has much to be thankful for. His shareholders, on the other hand, not so much. Speaking only about WNBD, not life in general.
Too late for the first round of shareholders. The people who bought at much higher levels. What do you think WNBD's market cap will be? If a r/s happens and we start all over again with a new share structure and dilution continues until the company does become profitable (whatever year that might be), it would be very difficult to recover from.
In my opinion Eric needs to get his salary a little more in line with WNBD's revenues. It really looks bad when the CEO is making that much money and the revs are so low. Remember a year and a half ago when Eric said we were in phase two of his master business plan? We're still not there, obviously. I still believe the company will eventually become profitable, but it's too little too late in my opinion. Eric's plan took too long and now a reverse split is "imminent". His reason will be that we failed to become SEC compliant and there is no choice. JMO
I guess whether he lied or not depends on your definition of the word "imminent". Personally, I don't think he intentially lied, but he definitely should not have made that statement. When a ceo says something like that he had better be sure. I think Eric got overly excited about the possibility of Lowes and spoke too soon, but it did a lot of damage to peoples portfolios.
The 504 is never through. They just keep coming. That's the problem with the share price. That's why we sit substantially undervalued at a 2 mil cap.
LOL Yea they've been loading for more than two years now. LOL
Perhaps they should try to sell one of their many formulas for some working capital instead of diluting us to death.
LOL Stick around for a while--you can set your watch by it. Very consistent behaviour for this stock. I dread every pr for this reason. If we ever get a national roll out this stock will probably go to .0001. At this point all I can do is laugh about it. Eric's business plan is taking too long and as a result there are too many shares issued to the 504. If I was him, I would definitely defer some of my salary until the company becomes profitable. I would care about my shareholders where Eric, in my very strong opinion, does not. His actions obviously show this clear as day.
I doubt he would use his i-hub name in an e-mail, but who knows?
Very well said.
I'm sure it was both. Eric loves to dilute into PR's and obviously this stock has its share of flippers. A very bad combination for the share price. I remember a long time ago when we were supposed to be in phase two (self-sustaining) of our business plan. Needless to say we're not. Correct me if I'm wrong, but that would take about $625,000 per quarter to attain. I'm beginning to think the only way this will go up at all is if we can get to that point. It's been a little over 5 1/2 years now, but I think we're getting closer. Perhaps the third quarter (November 15th) will show us almost half way there.
One thing for sure is that WNBD seems to be heading in the right direction. I believe in time this company will reach their goal, but God only knows what the share structure will be. My main concern is the reverse split. If we fall into the trip zeros can he still dilute the hell out of it? Perhaps the lion was right about one thing--an awareness campaign. I know how Eric feels about this, but there is no way we should be trading at a market cap of 3 million with all that's going on here. WNBD seems to be substantially undervalued right now. All IMO.
My guess is it's mostly shareholders buying it from Home Depot simply because the average person will not try a new product if they're forced to buy three of them. Unfortunately, people are not able to buy just one bottle online at Home Depot so I'm not counting on them selling many unless all 4,000 plus of us shareholders do most of the buying. Selling three packs of 1000+ is not the best way to get prospective customers to try our product IMO. I just hope internet sales don't hurt our chances of eventually getting on Home Depot shelves.
Alright, since nobody commented on this I'll ask these questions. Is anyone concerned about Eric's reply to the share structure question besides me? Will there be a sell-off as a result? Again, even though I'm curious about the o/s count, I would really prefer to wait for the quarterly report to find out. We know he's diluting and we know from what levels. At least the report would show the revenues up and the costs down to help offset the inevitable bad news of our o/s. IMVSO
Have you ever wondered why he hasn't done this or something similar? I would settle for him just NOT saying the wrong thing at the wrong time. Someone had a post yesterday suggesting Eric has a reason for wanting to keep the share price low. As crazy as it sounds, it does seem to be in the realm of possibility based on some of Eric's actions. I've been trying to come up with reasons he might want to do this. Just the thought of entertaining that notion is sad.
Great job. If we didn't hit trip zeros yesterday, we just might today-depending on his answer. Screw that stupid blog! Detrimental to anyone trying to recover losses here. If honest Eric had been this open about the true developements of WNBD over two years ago many of us wouldn't be stuck now. This blog, while so many like it, is truly unproffessional. For those who will be screaming about how wonderful his blogs are and how they want to know every time he takes a crap or some prospective retailer hangs up on him or whatever--it's no way to run a business IMO. Eric is hooked on his blogs and this board. For once I would like him to care about the stock price and his shareholders. I would like a CEO, not a priest. Part of his job should be to protect our investment in HIS company. For those of us who bought in 2-2 1/2 years ago, has he done this or even taken it into account?
I understand where you're coming from. We have alot going for us right now, though. I've been waiting for an NA since Lowe's was imminent, but somehow it looks like we're making headway and showing growth without a USA NA. Now is the time to focus on that, not give any more timelines like "imminent", not this year, etc. "Discussions are on going with both retailers" is all he needed to say. IMO
Don't confuse honesty with stupidity. Discussions are still going on with both retailers. Some things don't need to be fully disclosed until they're final. The world doesn't need to know 1000+ won't be in certain chains this year. PR it when it is a done deal and we will be in thier stores. IMO
We are much better off than we were two weeks ago. We got a rally because of WMT Canada, Do It Best & the higher revenues/decreasing costs of the 2nd & 3rd quarters. It had nothing at all to do with HD or Lowes IMO. Eric either chose to kill the momentum with his blog or he is too stupid to know that his blog would be damaging. Not real impressive decision making there. Actually, it's kind of scary.
I was being sarcastic about the pr thing. My point was: Why say anything if your Eric? If he felt he had to say something, how about something to the effect of: We're still in discussions with both.
What happened today is part of the ups and downs of business. It is certainly not news worthy so why blog about it knowing it will hurt the share price when you still have to dilute? It makes no sense at all to me.
IMO there was no reason to blog about this. Some will say it's great Eric is so honest, but did he really need to inform us of this in the midst of the first rally this stock has seen in ions? Very bad for business. We know WNBD still needs to dilute to operate so why would he blog about this? Congrats to all the "flippers" who bought at .0012--Eric loves you. It's all of us longs he could care less about. As always IMO.
P.S. I am truly grateful that he didn't pr this.
Don't worry, I do blame myself every single day since I swung for the fence on this. Once in a lifetime crazy a$$ move. It still doesn't mean that I have to agree with the way Eric operates. No need to reply to this.
I agree with everything you're saying. I don't believe you're one of those people trying to get in at a lower price. Those people are very easy to read. I haven't posted here because there is no point. People who post here will defend Eric to the bitter end as he takes everything they have. I am sitting on every share I have ever bought praying for a pop to get out with something. I'm down 90% and I would rather ride it to zero than sell at this price. You're correct, we have been sacrificed for sure. Most people here will not admit that, but it is what it is. I can't even bring myself to average down at these levels. I'm in at .0125 and I'm down over 20K--no BS. I have never owned a penny stock before or after this. I believed Eric's crap and got burned. I have come to two conclusions here: 1. You won't change anyone's mind about Eric and 2. Eric has no regard fo his early investors. What people don't understand here is that a good product does not make a good stock/company.
I feel Eric is doing a fine job for a man with a warped sence of reality. In fact, I don't think it would be out of line for him to give himself a raise. Perhaps 50% of WNBD's revenues sounds fair to me. He really does deserve it, especially now that he's got that blog.
P.S. For those with less sence than Eric, I'm being sarcastic! If it was up to me I would tie the SOB up, put rocks in his pockets and drop his fat a$$ into Lake Erie.