"the large sellers" are scheduled to return,,,
starting 2009-05-12 , which is Next Tuesday ;
which is the 1-Year-Anniversary of This :
" o
New Notice
Date of First Sale
2008-05-12 o "
Which is the current $1-MILLION-PER-YEAR "504" ;
That the wnbd CEO 'almost forgot' to file with the SEC ;
But finally 'remembered' on 2009-04-24 .
Anyway , it does not really matter , since wnbd is a
permanent Non-U.S. pinky ; so the SEC never cares.
But , what DOES Matter , is that wnbd CAN RE-START
ANOTHER $1-MILLION-WORTH OF UNDILUTABLE + SUPER-TOXIC
DEATH-SPIRAL "504's" , IN JUST 4 MORE DAYS. Because ,
The LAW Is [even for Non-Filing + Non-U.S. pinkys] :
No more than $1 Million 'worth' of 504's yearly ,
Even if the wnbd cash is constantly needed dearly.
And , if wnbd does Not re-start another 504 on 14 May 2009 ,
those delay-days ARE LOST FOREVER. And their 'anniversary'
for next year's 504 in 2010 also slides downstream.
Next week should be interesting.
extra , Sincerely .
P.S. ; How come the wnbd CEO Deliberately 'forgot' to File
ALL OF THE PREVIOUS YEARS OF wnbd "504's" ?
And , will he 'forget' to File the new one , that re-starts
next Tuesday ?
Remember , those "Lucky" 504-Insiders get a 25%-50%
"Discount" , for a Minimum "Investment" of Only $10k-$50k .
And , they are "guaranteed" to get Every Penny Of Their
Real Investment Back ; whether wnbd Common Stock goes Up
or Down. And , the sooner they 'convert' to commons , and
dump their 'discounted' common shares ; the sooner they can
collect their Riskless Cash 'profit' of 50%-100% , which
results from the 25%-50% 'Discount' to Lucky Insiders.
Clearly , for Real Investors , the "Incentive" is ALWAYS to
CONVERT&DUMP ASAP. For 2 Obvious Reasons :
1] It's much better to make 50+% Profit ASAP ; because it's
Frozen , whether it's collected in 1 day , or 1 year.
2] There is a Huge Risk for waiters. [Especially for a
multi-year + always-cash-burning + Non-U.S. pinky , that
always needs more cash , and always hides All Financials ,
and All Share-Structure Facts.] Because , if wnbd goes BK
Before the '504' is converted + dumped , the 'Lucky Insider'
is converted over-night into a 100% Loser of All Profit AND
ALL OF HIS ORIGINAL INVESTMENT [just like All of the Outside
common 'share'holders].
By the way , most pinkys hide their Financials , because
always-losing-money scares away new pinky unvesters. But ,
we have Never seen a pinky try to hide its 'Revenues' ,
UNLESS IT DOES NOT REALLY HAVE ANY , OR MANY. [Which just
might be the secret 'explanation' for "The wnbd Group".]
Anyway , we plan to call the wnbd CEO next week , on their
annual 504 Anniversary ; just to find out what the minimum
new Investment will be , for new Lucky Insiders to 'earn'
the 50% Maximum 'discount'. It might even be more than 50%
this year , because wnbd now needs more cash , more than
ever before , to pay those new extra execs.
By the way , the "Rule" is ; that wnbd can COLLECT $1 Million
per year from their newest 504-Insider Lucky Investors ; even
if they get a 75% 'discount' , or 99%. It just depends on
the 'credit market' in our growing recession , And , on the
desperation , and immediate needs , and 'credit rating' of
the borrower. In wnbd's case, it's not lookin good. Still
stuck in "Phase #1" , for 3+ years so far , with Admitted
YEARLY 'Revenues' UNDER $1 MILLION [including a full year of
'sales' in Canadian HD's + WM's]. And, the wnbd CEO still
admits NO CHANCE OF PROFITS UNTIL THE MIDDLE OF PHASE #4 ,
which is $27,500,000 ; Which, IOO, is AT LEAST 5 YEARS AWAY ,
AND ONLY IF wnbd's 'revenues' MORE THAN DOUBLE EVERY YEAR.
Bottom-Line : Flippers paradise, [as long as wnbd survives] ,
especially for day-trading shorters, and wnbd exec paychecks.
AI
