Woodbrook Group Holdings Inc (WDBG)

[trader59]

While some of the preferred shareholders may liquidate their holdings, I'm talking about the sale of common stock to raise capitol for the company. If a preferred shareholder converts and sells, it benefits them, not the company. The company will need cash for its alleged expansion plans.

And, no, the net profit shown on page 9 was about $170k. There was over $40k in finance expenses, gross profit was $212k.

And, I'll say it again, if they're not going to use their newfound access to the public markets to sell stock, they would have stayed a private company. No reason to take on common shareholders from a failed prior business at all.

They have no allegiance to the currently trading stock, they received no benefit from it. That's why it the RS was done and the A/S was put back where it belonged, to wipe that equity off the books. Without the RS, that legacy stock would actually be dilutive to any offering they would make.