InvestorsHub Logo
Followers 0
Posts 33
Boards Moderated 0
Alias Born 11/18/2009

Re: zabone post# 6709

Wednesday, 12/07/2011 5:18:30 PM

Wednesday, December 07, 2011 5:18:30 PM

Post# of 9501
Zabone, if you add up all of the WLSA money that changed hands from WLSA to NLI over the past few years, and what that money was actually used for, I would have to say a significant portion is still unaccounted for. Some posters will criticize my numbers below as being not purely factual, but here's my point without taking excessive time to get all the numbers perfect:

WLSA purchased 14M shares of NLI at $0.60/share = $8.4M
WLSA "loaned" $8M to NLI = $8.0M
WLSA received what in return? Plasma technology that's not being pursued? A return of NLI stock at 10% of the rate we bought it at?

I'd have to say the management team is still way ahead in regards to what they've taken out versus what's been put back in to the order of many millions of dollars. So I'm not buying the "management invested millions in the company" position. From a certain perspective, management is taking control of the company with our money, and even if things don't work out, they've reaped a fortune over the past 4 years.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.