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Friday, September 25, 2020 12:50:26 PM
Formal press releases on newswires cost thousands of dollars. The weblog is free. The weblog is a legal way for the CEO to keep all shareholders informed of company happenings. It may not be sufficient for the impatient $500 flippers, but it's sufficient for me, and it's sufficient for the other large investors in this company.
The WNBD CEO uses the very limited company capital wisely. He doesn't even take a salary for himself. He works for free. He's not going to waste valuable resources on press releases and a superficial label on his company's stock. Those things aren't crucial at this time.
It would cost thousands for a press release, and it would cost about $50,000 to remove the stop sign on OTC Markets. The company doesn't have those kinds of extra funds at this time.
It costs all OTC companies $50,000 to become Pink Current. I don't think many people realize that.
If the stock being Pink Current is so important to some shareholders, then they've been given the option to help fund it, as the company's current working capital is being used strictly on product production and getting products on more store shelves. I agree with the use of company resources at this time.
$WNBD
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