But are they going to even come close to the 80% drop in sales the company has had in the last 4 years? I seriously doubt it with the huge retailers the company has lost in the last several years? And to make things worse Eric got rid of his entire sales team so it's just him and his old van traveling around the country.
It would be one thing if Eric only needed to increase sales some 20%, 30% or even 50% to get sales back to whee they were but he needs to increase sales some 350% and that not likely when he will likely never be able to get back into all the big box stores the product has been booted from.
Large retailers like HomeDepot Canada, Home hardware, Walmart Canada, Canadian Tire, Spartan distributing, and Duane Reade just to name a portion of the stores they were booted from.
The only way Eric has been able to keep up with debt and pay bills is through constant dilution. Now that may be great for the CEO but it destroys all shareholder value.
I hear comments that Eric won't have to dilute to pay bills and pay of debt if he gets funding but I thought that funding was supposed to be used to bring in a new partner and clients, not for Eric personal use. Nobody has a clue as to what Eric did with all the money he has collected through the 7 Billion diluted shares over the years, at the shareholders expense. The company is just an empty shell with 1 employee and no cash according to the latest financials.
The company makes NOTHING. Eric buys the products from another company, that company put the WNBD label on the products, and they get shiped out to retailers. If any money is to be make on the products it's made buy the company that makes, bottles, labels and ships the products, and the retailers that sell them. And if there is anything left it goes to WNBD.
So if Eric gets funding I have no doubt there will be NOTHING to show for it a few years from now just as there is NOTHING to show for all the money collected through all the dilution. The only thing Eric has to show for it is an 80% drop in sales.
Remember that when someone tries to convince you to sell there is something in it for them. It's not because they are concerned about your investment.
