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Alias Born | 11/08/2011 |
Thursday, June 25, 2015 1:24:17 PM
BTW - congrats to those who played this for what it is - a short term pump - pretty amazing volume and spike in price.
For those still thinking this is "all about the dolls", one should consider the following:
1. The Founder is a convicted felon with a number of charges including tax evasion, fraud, and breach of contract.
2. The dolls have been selling at a loss or breakeven for the past year. One Million (or tens of millions) of doll sales does not erase the fact they are not selling for a profit.
3. The Outstanding share count has been growing at a blistering pace over the last two years. The company's latest financials show that they may need to increase further into the "billions" to cover outstanding convertible note liabilities that may be converted.
4. WHC still has a pending lawsuit for breach of contract with the company - if WHC is successful in getting a judgment in their favor, the result will be significant dilution.
5. Robert Hines, Board of Director at OWOO, History: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83768067
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