Fits in with wnbd's 'explanation' for their ,,,
Always-Gagged Transfer Agent , and
Always-Hidden Fully-Diluted Share Structure , and
Whatever part of 'The wnbd Group' is 'owned' by the commons ,
and, Whatever is UNdilutably Owned by the wnbd 'Preferreds' ,
and, How easy it is for them to 'vote' themselves many more ,
any day they accidentally dilute the commons too much, or
any day wnbd 'sells' itself , and goes private .
Usually, such a 'sale' only happens if the 'company' ever
accidentally is actually 'worth' anything , which rarely
ever happens with pinkys ; because the 'execs' just remove
All cash via 'salaries + expenses'. But, if such a 'sale'
does happen , it's slightly After the 'Preferreds' secretly
'vote' themselves up to 99++% 'ownership' ; And, guess who
privately 'buys' All of the 'assets' ; while All common
'share'holders share $zero. And, it's perfectly legal ;
and easiest to do , for pinkys , based in Canada.
Which is also the easiest place for U.S. shorters
to short Any pinkys , Anywhere in the world.
Anyway, here's the Real Explanation of wnbd's attempted
'explanation' for Permanently Gagging Their Transfer Agent :
**********************************************************
" What is a "Gagged" Transfer Agent?
A 'Transfer Agent' is a company's means of managing shareholder records, issuing and canceling stock certificates, and processing investor mailings. Some companies can act as their own transfer agent, but most often, especially with penny stocks, the job is outsourced to companies specializing in the business. Transfer agents are normally the most accurate, and often the only way of finding the current O/S, A/S, and float for a penny stock. Some will require a fax with shareholder details to retrieve the information, others simply a phone call or email. This type of transparency is desirable among investors.
A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is NOT a good situation. There is no legitimate reason for a company to gag their TA. It is almost always done to hide dilution. Without knowing the current number of outstanding shares, an investor has no idea if shares are being sold by the company. Concurrently, without knowing the number of authorized shares, the number of shares that can possibly be sold is not known either. Companies that practice this scam will often issue press releases, or other investor communication containing excuses for having the TA gagged. Unknowing investors will buy these up, and continue holding shares, or even buying more. We absolutely do not recommend touching a stock with a gagged TA, unless you are experienced with penny stocks, and it is purely a short term momentum play. "
*********************************************************
It's really that simple. And a Green Light for Shorters.
The other Green Light is any company that Permanently Hides
All Financial Details , especially if they are supposed to
be a 'brick+mortar' , with supposedly growing revenues ,
with any possibility of any profits ever flowing down to
the common 'share'holders. Here's why. IT COSTS NOTHING
FOR A CANADIAN PINKY TO 'RELEASE' ITS COMPLETE FINANCIALS.
IT'S JUST A COPY OF THEIR ALREADY-FILED CANADIAN CORPORATE
TAX RETURN. Easily attached to Any [Already-paid-for] PR ,
or just publicly posted on their supposedly 'informative'
website. Shorters know why wnbd Must hide its Financials.
Others will soon learn. But, most will soon forget ,
and find another pinky unvestment.
extra , Sincerely . And, thanks. From the shorters.
Averaging-Down is profitable for shorters, only [and All pinky CEOs].
