Just trying not to embarass my m-m-m-m-m-mama.
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3. Where is the money for the buyback supposed to come from? To this point, they've produced 20k dolls, which from reports haven't sold out, and are retailing at $20.00 apiece. They DO actally cost money to produce, so any "profit" from sales would be whatever is left after COGS of $400k in revenue. Less management salaries, marketing costs, etc...
OWOO has no income to speak of, and the potential upside to sales is not going to be great enough to support their costs of operation, PLUS having funds left to buy back stock with. The talk about a buyback is simply danging a carrot out in front of the horse, metaphorically speaking. It's to trick guys who aren't sure into staying the course.
You'd have to trust that they won't do what they've already proven themselves ready and willing to do. I mean, if Hitler offered you a train ride but said you were just going someplace sunny, what do you do?
The buyback was never going to happen... it was "suggested" by the CEO to reassure shareholders who were worried about the runaway dilution. There simply is no money to buy shares back with. The company has spent millions of dollars and sold 800 million shares of stock, but has so far only produced 20k dolls (no sold, produced), plus however many OVERPRICED Cynthia Bailey dolls.
Trent intended all along to do the r/s, but not this soon. I mean, nobody buys stock in a firm with no income but 800+ shares O/S with another 700 milly ready to go. It became obvious after the 12/4 PR that the "shrewd investors" weren't buying it.... LITERALLY. They'd hoped that with some alluded to "exceptional sales" and the feigned "buyback" they could get the PPS to turn around. But it didn't. The only option at that point was to move up the r/s and once again try to get the PPS back into a range where real investors would consider buying in. What remains to be seen is whether or not the stock prices will hold post r/s. I'm sure they won't. When PPS doesn't hold, and the pig needs fed (salaries, consulting fees, creative writing, child support, etc....) they're going to have no choice but to go crazy with the dilution again. The only problem is, the "shrew investors" won't be here, and there are so many former believers spreading the word about management that it won't take 8 months to hit the triple 0s next time.
That first 20k dolls haven't sold out. The folks at OWOO are all still drawing salaries. The pig needs fed. You're not buying stock in a company, you're supporting OWOO managements' lifestyles. I mean, what other tangible benefit can be seen for 4 million plus spent to date? Some doll molds? 20k dolls that aren't selling? Some fancy dinners for investors, plane tickets, and booth rental at events Trent wished he could go to, but couldn't before we started funding his lifestyle?
Trent is the Ric Flair of junk stocks... "I'm the Rolex wearin', kiss-stealin', wheelin'-dealin, jet-flyin',limousine-ridin' son-of-a-gun! And I'm having a hard time holding these Alligators down! WHOOOOO!!!!!"
The first O in OWOO is silent. "WHOOOOO!!!!!!!"
Don't hate! 450k shares have already changed hands @ .0002 this morning. That's $90.00, man!
NOBODY is buying going into the R/S, and nobody is going to be after, either.
You're watching the death of a company unfold. "World Class Management Team" strikes again!
C'mon, luvsum... we know you're cruising these boards because the phones aren't ringing over there at that single family residence y'all run this pig out of.
But, I really appreciate OWOO filing an 8-k to announce that last pr they did with SECFILINGS.TV...
Trying very hard to get out in front of that impending SEC investigation, I see. What a bunch of hacks.
Like all con men, Trent believes in his ability to convince his marks, err... "investors" that everything will be okay, if he can just get them to talk with him. He still believes that he can spin this debacle to OWOO's advantage. Overconfidence is the Achilles Heel of all scammers. Trent's got it bad.
Luv is Trent... Who else would be pumping and buying at above .018, and still buying and holding at .0002 and looking at losing more in the RS? But still bullish on mgmt? At least that's what luv has said in his/her posts.
Before I answer any questions, how did you go from "I'm new at this" and "how did you find out about this company" in post #530 to being able to explain and defend dilution and the r/s in less than six months?
Pretty steep learning curve, wouldn't you say? Or more like just a front for the company, if not The Man himself.
Guys, Trent has been to prison, and he's smart enough to watch what he's said in PRs, etc... He doesn't intend to go back.
Class action is a joke... Trent knows it. The only thing you can do is write off your losses and move on. And make sure that everybody who is thinking about investing in this turd knows about management and how much they care about their shareholders.
Trent was fairly certain he could R/S, convince some of his current longs (the big ones) to stay the course, and attract new institutional investors. He's certain that nobody pays attention to things like diluting out a billion and a half shares, then doing a 750-1 r/s, and mountains of toxic debt. He wasn't worried about the effects on "silly" little investors who invest based on emotion. Sadly, that's the only type of investors that scam artists can attract. Trent NEEDED the investors who bought into the ideas of what the company was trying to do, and weren't so worried about technicals. Now he's burnt all of those guys, and might be realizing that these voices can't be silenced, and this fiasco WILL scare off future investors of all types.
It's just another failure by the guy who still believes himself to be the smartest guy in the room.
Don't look here... you'll find this one on the pink sheets, if you can find it at all.
Sorry about that LuvSumPENNIES. Stupid auto-correct.
But seriously, how did you go from "I'm new at this" to being able to fully explain and compliment management's decision to dilute and later r/s?
It's obvious to all that you were lying then, and are still doing so.
You shouldn't worry about reporting me for anything. You should be worried about all of your investors that are reporting you to the SEC.
Well, He/She claims to have started buying at above .018. He/She seems to be pretty supportive considering that He/She has been a bull all the way down, huh?
Liars, one and all.
Hey Trent, you're not paying attention to which account you're logged into... Now you're asking yourself questions.
Ok, to date they've made no money, but we are supposed to be excited that they diluted further to pay off 65k worth of toxic debt?
It's like borrowing money from me to pay off a payday loan and then crowing to everybody "Hey, I paid off my payday loan!"
20k dolls that haven't sold out yet aren't going to pay off 65k dollars worth of debt. They borrowed to make that payment, and keep pointing at that act of kicking the can down the road as evidence that things are on the up-and-up.
This pig will be down in flames faster than anybody who intends to hold can possibly imagine.
I haven't heard the radio spots, I have't seen the real Santa Clause, and I'm pretty sure those natives on the Congo are going to be waiting quite a while to get their allotment of the Prettie GirlZ! dolls.
Go OWOO!
Let me help you understand, LuvSumPenis... The "World Class Management Team" issued stock, then diluted over and over until their stock is now, for all intents and purposes, worthless. They put forth a R/S that will certainly destroy any worth that existing stockholders have at this point, but they promise not to do it again? And that's good enough for you?
What's going to happen after the R/S if their pps doesn't remain high enough for them to be able to sell enough and operate, knowing they need 2.5 mil for 2014? They're going to dilute again, and blame their newbs for their own losses for not "believing in OWOO." Did you read the Imagine International responses from the same management from a couple of years ago? It's almost verbatim for what they're telling folks who've bet on OWOO and lost this time around.
If a stock has lost 99.x percent of it's value since inception, then drops 76 percent of what's left in a single day based soley on management actions, how can you claim that this thing is a well-managed?
They only people who think OWOO is well managed is those who've enriched themselves by managing OWOO. Everybody else has taken a big ol' bite of a dirt sandwich.
There will be good PRs... Heck, SECFILINGS.TV just had a outstanding piece on OWOO the day after the stock lost 76%. Double down if you wish. Trent's counting on it.
I think I'd go easy on the whole "World Class Management Team" moniker if all we'd manage to do was destroy the investment of every single one of our shareholders. You could see the disgust in that paid-for interviewer's facial expressions. I hope that SECFILINGS.TV didn't agree to promote them in turn for a few milly shares!
Are you serious? Count me in! Go OWOO!
Not.
You haven't dug deep enough, my man.... Trent's got a 400k judgment out against him by a former employee in Houston. His "face" for Makeover Houston sued him as we'll. Trent did a little time in Texas in the 90's for forgery and credit card abuse. Kinda funny how those things didn't make it into his bio.
Not to say that a man can't change, but with that kind of track record and all indications that nothing has changed....
Everybody who has ever dealt with Trent got BURNED. OWOO Investors are just the latest in a long line of Trent's victims.
Trent T. Daniel collects failures like his Daddy collects old busted down white Cadillacs! Lol.
Just so you guys know, I'm fairly certain that LuvSumPenis is actually Trent. No investor would be this supportive of management after taking a beating and THEN losing the rest to a RS. Also,Trent loves to go on and on about how smart he is.... He wants credit for being able to predict how bad Friday's sell off would be.... He blames his investors for the losses they suffered, and parrots how nothing mgmt has done is illegal, and "unfortunately" for the investors it's merely unethical. Trent has one flaw, though... He still thinks he's the smartest guy in the room. It lead him to prison in the 90's, and has bankrupted every venture he's ever been a part of. Right now he's dismissing the losses of all of the "small guys" and believing that this thing will come back around because he is smart enough to trick enough idiots to keep buying in.
Am I the only one that notices how fervently LuvSumPenis defends Trent's wife? Does anybody else notice how luv defended that last 85 million shares Trent gave himself? Ask yourselves "who is the only person that was not negatively affected by the sell off and RS?
Trent T Daniels....
And who is the only poster not upset?
Check the DD... Everybody they've ever worked with lost money or ended up suing them. Three years ago these guys were holding MLM workshops in motels and then skipping out on the tab. This is familiar territory for ol' T.
She still can't find a legitimate company to work for, apparently...
Why would mgmt use money that they got from diluting stock to make a token payment on a mountain of toxic debt and then issue a fluff pr? To make a last ditch effort to stabilize a floundering stock, perhaps? Better yet, why would OWOO mention a proposed buy back to help shareholder value 15 days before presenting a plan to do a 750-1 RS? Once again... They were trying to wring a few more dollars out of a few more marks, errr... "Investors."
I wish somebody had given me 85,000,000 shares to ease my pain during this RS, right, Trent?
Thanks, LuvSumPenis! I forgot the one about "you only lost money because you sold in a panic.... It might have bounced back, but you bailed too soon. Too bad.... The Management."
You got admit, though.... That 45k worth of creative writing was worth every penny... It convinced you guys to give away, errrr "invest" a lot of dough.
There is only one way to win this shell game....be the one that gets the other guy to play.
You mean BACK to jail. These guys exist simply to separtate investors from their money. This is just the first time they've done it with a publicly traded stock. I've known Trent personally for thirty years and this is not surprising to anybody who knows him. You make the Colonel proud, son!
What did you see?
We need more b-list celebs appearing on c-list talk shows!
T-trade;(noun) An issuance of stock by founder Trent T Daniel that will enable him to enjoy a steak dinner for supper.
Oh, you'll get your cheapies. These guys are doing what they do best.... separating investors from their money. Down over 99% since the IPO.
I kinda wish it would have been revoked... at least then there would be an excuse for being down 99.9% YTD....
The SEC must be shorters.
Dear Lord, this stock opened for better than .20, and this morning it's revoked and trading at .0017. My friend, this pig has lost over 99% of it's original value and you still say it's "going strong." In your defense, I guess one can strongly head off to the pits of hell, too.