Wellstar International (WLSI)

[GuNnEr0325]

This is pretty interesting...I don't totally get the benefit it could provide us in the long run, but interesting none the less...this is from that Yahoo Finance thread..read the comments below then check out the link. Is this old news? I don't remember seeing this anywhere...

"maybe the need of financing is a factor, but it is the old financing that is killing them. Look at the SEC filings and see how many shares the $50,000 promisory note holder can convert his promisory note for. It is over 3 billion shares and he has already started selling those shares causing the float to swell to over 2 billion shares. The promisory note holder was supposed to wait a year before converting and the contract says he shouldn't own more than 5% of the total O/S at the time of conversion. The holder broke the contract and a law suit has been filed against him. If wlsi wins the case, he has to repurchase all the shares that he illegalay flooded the market with, which will reduce the number of O/S significantly and send the price thru the roof."

http://biz.yahoo.com/e/100513/wlsi.ob8-k.html