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Tuesday, May 19, 2015 2:07:21 PM
Even I, the most vocal OWOO doubter, never imagined that this 10q would be as bad as it is. The debentures are piling up at an even more feverish pace, and sales are non-existent. $739 for all of Q1. Seven hundred and thirty-frickin-nine dollars. Not to mention the fact that they LOST money on those dolls. Do the math. How much does a pretty girl doll sell for wholesale? Ten bucks? They sold seventy of these dolls? Maybe a hundred? In three frickin' months?
It's time to thrown in the towel, OWOO investors. This share-selling scheme is running out of steam. They even promise to raise A/S in the near future, as there are now over 2 billion shares worth of debentures maturing, with only 275 million outstanding. Reverse looms.
I guess a 532% increase in sales sometimes turns out to be $739 dollars worth of dolls sold at a loss.
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