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Re: Flatsixer post# 4236

Saturday, 08/25/2007 8:17:27 PM

Saturday, August 25, 2007 8:17:27 PM

Post# of 9314
Flat6r > I agree - History Channel is not only very good, it is very popular, the problem with WEGI is for sure not the market FOR ITS PRODUCTS or the relevancy of there services to current market conditions for their product...

The issue is the current financing is going to be hard to work thru , even if u had the nearly 10 million to payoff Laurus, look at the number of shares already pledged yet to be registered.

WEGI needs to get financing that does not require stock sales , from profits and revenues, they need to leverage positive operations into more freed up cash for expansion, Currently Laurus funds and others like them will reduce current holders equity... Or if u do sell stock, do an IPO or 2nd offering, all legit maybe even do dividend to longholders for the dillution, anything but current form of financing would be better then current IMO WEGI needs to refinance and get some new cash$, that IMO would be positive , very positive IMO.
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