Thursday, May 14, 2009 2:08:53 AM
Just check the MM's who handled the 500+k packages.
Same MM's as last month. [And tomorrow, and 5 more years.]
IOO , Knospick's 'deal' was for $30k to start , All paid
up-front , in 504's , with a 50% 'discount'. And, he will
dump them ALL , ASAP ; no matter how much he crashes the
wnbd common 'share' price. And, ALL APPROVED BY THE wnbd
CEO , who picked the 1-guy IR 'company' , that 'works'
from home alone.
IOO , E+E will sell at any price , until he gets his $60k
[= $30k 'fee' + $30k 'profit' ; from his 50% 'discount'].
The 504's are UNdilutable ; so if the dumping price crashes ,
he just gets more free shares , until he clears $60k. Then,
he 'starts working' ; on trying to bring the price back up ,
to partially repair the damage caused by his 'deal' with the
wnbd CEO.
The most interesting part of this new fiasco of 504's is
that the wnbd long fans are the ones who forced the wnbd CEO
to hire any IR-guy , ASAP. [lolly pop]
Anyway , it looks like he dumped ~3 Million new wnbd common
'shares' , at an average price of ~$0.005 , for his first
day's take of $15k. So, it should only take 3-5 more days
of dumping new shares , to collect his remaining $45k.
The only question is : Will the wnbd fans be able to keep
averaging-down fast enough? They did OK today ; wnbd only
sank ~20% [not counting the EOD paint, which always flakes
off first thing , on the next sunrise]. If wnbd only sinks
another 20% per day , for the next 4 trading days , we can
expect to see the following closing prices :
$0.0040 [Thursday]
$0.0032 [Friday]
$0.0026 [Monday]
$0.0021 [Tuesday]
It may not be that smooth , on a daily basis , due to new
day-trading flippers + shorters ; and maybe a few of the
big 'multi-year-long' fans trying to swap out+in to double
their 'free shares'. [Those are the fans who 'demanded' that
the wnbd CEO hire any IR-guy , ASAP. Guess why?]
Anyway , we expect wnbd to be trading below $0.0025 , within
1 week. And then, the 1-guy E+E IR-'team' will start trying.
extra , Sincerely .
By the way ; All Of The Above Is Just A Retired/Part-Time
Day-Trader's Short Opinion , based on Facts + Experience ,
especially with scam pennys + Totally Non-Reporting pinkys.
Averaging-Down is profitable for shorters , only [and All pinky/penny CEO's + Brokers + M&M's].
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