Also, Extra, Crash, and anyone else who doesn't understand how stocks work, let me take a few moments to explain it to you.
See, along time ago emerging companies realized that they could get the public to help fund them when they needed money for expansion, rather than having to rely on one or two wealthy private investors, or borrowing absurd amounts of money at high rates of interest. It was on this idea that the stock-market was formed. People soon realized that if they invested their money wisely, in companies that showed real promise, they could make small fortunes; if they got in early, or if the company’s margin for growth was potentially high.
Now, stocks are always inherently risky, as there are no guarantees in running a successful business...except of course when it comes to government intervention. Some companies grow slowly over time, but are such leaders in their industry, or well known enough, that when it comes time to go public they are able to trade on a big-board stock exchange, in a relatively higher price range. Some companies (like WNBD) are somewhat lesser-known, and come out OTC, and must issue a greater number of shares because the price offered is so much lower.
Now, when a growing company needs more money, they can do one of two things; they can either borrow the money from a creditor, or they can issue more stock. If the company knows that it has a loyal investor base that is willing to pick up some extra shares in order to help the company grow quicker and more efficiently, like WNBD does, perhaps they would rather generate money that way than borrow the cash...which would ultimately cost a lot more? I think people sometimes forget that stock exists primarily to help the company first, and profit the investor second. However, if the company is a good and successful company, both should profit greatly in the long run from each other. As long as the company uses shares from dilution to help fund expansion and growth, I don't see anything wrong with it...because that is why they issue stock in the first place! Starting to sell your product in big-banner retailers in the United States and beyond doesn't come cheap; its an investment all around, with everyone involved, but the rewards are great.
Now, I wouldn't say WNBD is particularly careless about the price per share of their stock, but it certainly seems that they simply care more about their business than inflating the pps, because they know that if their business does good the pps will do good, and they can even start to reward the people who helped fund their little venture. And, the share price of this stock has been relatively stable in the past year or so...we've traded in a relatively small range and stayed there, especially for a penny stocks. If no one was buying this stock and holding it, or investing in it, the share price would have plummeted faaarrrrrr down by now.
Now, I think you guys just get upset because, typically, penny stocks are beautiful for shorting - because most penny-stock companies are either failures or not companies at all. I think you just can't stand the fact that there could actually be a real successful business here, and only hang around because you know it is good for a pullback every few weeks or so after the price shoots up. But why you continue to bash it when we arrive at prices that are traditionally the base, and you know this, is beyond me.
You don't like the rule WNBD breaks by being a penny stock AND a successful company - you want all penny stocks to trade like penny stocks, which is, not well and with no genuine interest from genuine investors. You want to be able to flip and short this for gains and get out quickly, but let me tell you, there is more than just one or two of us that keeps sinking money into this stock, because we know our money is going towards something good.
The fact that you continually scoff at ‘longs’ is ridiculous. ‘Longs’ are in fact ‘investors’ and ‘investors’ are the only reason the stock market exists at all.
