![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 28, 2009 11:59:05 PM
Based on the recent trend :
05/27/2009 11:44AM EDGAR - Amended Small Company Offering
and Sale of Securities Without Registration (D/A) [$30,000]
05/21/2009 12:15PM EDGAR - Amended Small Company Offering
and Sale of Securities Without Registration (D/A) [$30,000]
05/12/2009 1:59PM EDGAR - Amended Small Company Offering
and Sale of Securities Without Registration (D/A) [$30,000]
04/24/2009 10:45AM EDGAR - Amended Small Company Offering
and Sale of Securities Without Registration (D/A) [$50,000]
Looks like ~$30,000 per week is ~always 'needed' by wnbd.
That's ~$1,500,000 per year ; so, we expect the Master 504
to renewed for another $1,000,000 in about 1 month.
And, that could [IOO] easily send wnbd to the 002's + below.
Especially if the wnbd CEO dares to publicly 'File' the
new 504 info. If he does, we can only assume that it Must be
part of some 'strategic plan' , to confuse the 'competitors'.
After all, wnbd is still pink. So, they Never have to 'File'
anything ; especially regarding borrowing money + printing
new common shares. Just like they didn't file any 504's for
their first 3 years of borrowing. And, the U.S. SEC never
even cared, and never will care about any non-filings of any
pinks , especially if they are non-U.S. , with No U.S. assets.
Anyway; when wnbd 'Files' that they get a new $30k , that
means that the lucky lender gets $60k-worth of new common
shares to unload , assuming that the 50% 'discount' remains
sufficient to keep attracting new lenders.
And, when wnbd drops to $0.002 , the conversion + ASAP dump
at-or-below the bid will require :
$60,000 / $0.002 = 30 Million New common shares per week.
We really can't see the longs continuing to average-down
that heavily , for much longer. Especially when they start
to realize that wnbd does not even 'plan' to be profitable
for at least 5 more years , IOO of course.
extra , Sincerely .
P.S. ; When the big longs finally start trying to unload ,
that's when wnbd will return to #1 at iHub. They have over
1 Billion more shares to try to dump. Even if they stretched
it out over 1 year , that would be an additional 20 Million
common shares per week. Or 100 Million per week, if they try
to unload within 10 weeks.
P.P.S. ; Obvoiusly , the 504 cash is Not needed to 'stock'
1 shelf , in the 1 lowest rural store , across a river , from
West Virginia , maybe next month , or much later , if ever.
Averaging-Down is profitable for shorters , only [and All pinky/penny CEO's + Brokers + M&M's].
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