scupX2; wnbd is pink,4-years,4-ONLY-1-REASON ,,,
which is 99+% probably the same reason for ALL other pinks.
And, it has Nothing to do with 'saving money for the common
shareholders' ; Or , preventing the 'competitors' from
peeking.
But, it does have EVERYTHING to do with Maximizing the Cash
Collected from ONLY the Common longs ; and getting them to
Just Keep On Averaging Down.
It would cost wnbd $ZERO , to Fully Report Everything ,
that they Already Report To ALL wnbd Insiders + Preferreds.
And, no 'competitors' ever try to peek at the Financials
and/or Fully Diluted Share-Structures of Any other pinkys .
The 'competitors' of pinky CEO's ARE ONLY THE COMMON
SHAREHOLDERS , BECAUSE , AS SOON AS THEY QUIT AVERAGING-DOWN ,
THE PINKY GOES BK , AND THE PINKY CEO GETS NO MORE 'SALARY'.
extra , Sincerely .
P.S. ; Any common long , who 'owns' more than 1% of the
common 'shares' , of ANY pinky ; could Easily Have Bought
"Preferreds" ; And , still can ; Especially if he is still
'Averaging-Down'. It's Actually More Cost-Effective for
the 'company' [because there are ~$zero 'Placement' costs
for the pinky CEO] ; And , the 'Preferreds' are often
UNdilutable , and often pay cash dividends , and are often
'toxicly convertible' , no matter how low the common sinks.
Bottom-Line : Any long who really 'believes' in his pinky ,
and has more than $10,000 unvested , should switch-over to
'Preferreds' , especially if he is still averaging-down.
The wnbd CEO will be happy to to collect 100% of All of the
Newest Cash you want to Unvest , without sharing it with
any Broker or MM or Lawyer. We know. We've done it , many
times , with 'Private Companies' ; but Never with Any pinky ,
for statistical reasons. [Pinky longs lose 90+% per year ,
and ~20-30% of their contributions go directly to pinky
shorters , and ~50% to the CEO , and the rest disappears
as 'placement transaction costs' , mostly to MM's + Brokers ,
and lawyers.]
Finally ; wnbd may actually not go BK in the next 3 years ,
while it IS ~guaranteed to keep burning cash , and needing
to constantly dilute. It All Depends on the longs , and how
much New Cash they Keep contributing , and if their pinky's
Share-Structure is Legally Structured in a way that the
Insiders + Preferreds CAN'T just keep keeping it all.
If it happens with ANY Non-U.S. pinky , it will be a 1st.
And , probably the last. None have been documented , for
the last 20+ years ; since such statistics began to be
collected by the SEC + Respected World-Wide Universities ,
that sometimes do Academic Research On All pinkys. It's
pretty easy these days , using the Internet.
Anyway , scupX2 ; Hire a Securities Lawyer , ASAP.
There is 1 thing for sure. No wnbd common 'share'holder ,
will Ever be able to sell $1 Million-worth of wnbd common
'shares' ; Not even the 1st one , and even if he sells all ,
before the 2nd one wakes up.
By the way : Pinky shorters + wnbd day-traders are Only 'paid'
from the profits of their own Personal Trades ; based on their
Totally Verifiable REAL DD , which includes zero 'info' from
wnbd's CEO , or his personal [+ often repeated] emails , to
only his best fans. But, we do 'use' that 'info'.
AI
