wnbd, like All pinks, has 2 possible outcomes ...
1] It goes BK within a few years , and All remaining
common long 'share'holders share $zero. While Insiders
keep their previous salaries + etc's , and lucky flippers
[mostly Insiders] keep their cashed-out profits , and
shorters keep all previous profits , Plus 100% More
profits on anything not-yet-covered. [Minus $zero to their
Broker , who just pays them , with No Commissions , since
there is no possible way to 'cover'.]
2] It does great , and gets 'Bought Out' for cash or some
other stock. Assuming that "there will come a point at which
the targeting company will start the process, will that point
be based on accounts, revenues, growth, all the above? thats
what i want to be around for."
#2 sounds good , but happens less than 1% of All Times for
pinkys. But, let's pretend that wnbd is a lucky pinky , and
actually 'succeeds' , even after Massive Dilution of Only
its commoners , and even after the Insiders + Preferreds ,
and 'execs' siphon off ~All cash + assets , for several more
years.
Then , for a current long to possibly profit , he would have
to keep averaging-down , for many more years , just to try
to retain his "Percentage of Ownership" , on the day of the
"Big Buyout". [Still sounding good , for the very-long-term
and constantly-averaging-down-for-many-years commoners.]
Except for 1 Massive 'detail' ; which pinkys Always Control,
and Must Always Hide , to keep the common longs Always
averaging-down. And, it's even legal ; Even For Pinkys ,
Even If They Always Hide It. It's called "Fully Diluted
Share Structure" .
And It Is The #1 Reason To Ever Be Pink. Everyone Knows That
All Pinks Always Lose Cash , and Must Keep Diluting. So, the
common pink longs never care about Never seeing Any Real
+ Verifiable + Audited Financial 'info' from their pinkys.
Unless , they seem to be growing , or even profitable ,
and may even be able to 'up-list' , or 'buy-back' some of
their previous Massive common dilutions , or even sell-out
to a "Big-Buyout-er". Then, the curtain is finally raised.
But, don't worry much about #2 , and the "Big-Buyout" .
It happens way less than 1% of the time , for All pinkys ;
for at least the last 20+ years , since the first time
Universities started collecting the statistics.
But , if wnbd is ever bought , it will occur After the
Insider wnbd "Preferreds" re-use their [current, ioo] 80+%
'votes' + ownership ; and 'vote' themselves up to 99+%
ownership. And, they will have deserved it. Because they
did All of the work. And, sold the 'strategy' of staying
pink , and hiding All Important Facts , from All common
wnbd longs and buy+holders , and 'encouraging' averaging-down
for as many years as necessary.
extra , Sincerely .
P.S. ; It's amazing how easy it is for pinky CEO's to just
keep collecting new cash from old longs. Especially in this
growing recession+ economy , with crashing stock markets ,
and booming unemployment.
P.P.S. ; Pinkys Never 'buy-back' common 'shares'. They Only
sell them , as long as they can keep the longs believing.
That's the #1 reason why pinks start+stay pink, and pay
'helpers' [usually in 'shares'] to pump+dump.
By the way. Occasionally a pink will have enough revenues ,
but no chance of profits before BK , to attract a take-over ,
and set the 'price' at just enough to pay off the Loans and
the "Preferreds" and CD's , to avoid BK Court ; and legally
speed up the 'process' , without Any risk of any judge
being able to disagree. We see that as the most likely
best-case 'strategy' for wnbd , with less than a 5% chance ,
[ioo]. But, in all of the above cases , all longs get $zero.
Because ALL "Preferreds" MUST BE 100% PAID-OFF FIRST. In 1
of those rare pinky take-overs , the 'deal' even included
a 'consulting contract' for the ex-pink CEO , to 'enable'
the take-over + integration 'process' ; at what appeared to
be excessively high pay , for a very low amount of 'work'.
Most of the Real work was done by the Lawyers , to prevent
any complaints from the ex-common pink longs. Good work.
And , Good Luck , to those who see the hidden handwriting ,
and act Before the invisible ink dries up , and evaporates.
Day-traders + flippers + All shorters are Fully Paid from
their trading profits , way before the pink ink dries up ,
and the buy+hold longs evaporate. As the pink CEO moves away.
