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Re: extra post# 136459

Wednesday, 06/16/2010 7:50:11 PM

Wednesday, June 16, 2010 7:50:11 PM

Post# of 241143
I'm wondering if you've even looked at the quarterly financials? The company doesn't need to make 27 million dollars to be profitable, more like 4-5 million. That's why the "self sustaining phase" starts at 5 million. They have about 1.5 million in operating costs per year and 2.5 million in debt/loans.

Why would the company need to reverse split? They've only issued 1.5 billion shares out of 4 billion authorized.

The CEO has stated many times he would only reverse-split if they were going to up-list to fulfill certain exchanges requirements.

IMO, nobody is shorting WNBD except for MM's occasionally to meet liquidity demands. Shorting a pink stock is probably the dumbest thing an investor could do. *edit* I see that you've noted this...



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