WDSL is shown to have an OS of 200K by both pink sheets and OTCBB. Ameritrade shows it has an OS of 156K which was immediately after the RS. There has been no signs of new shares hitting the market and getting shares near the bid is almost impossible. Hence the huge spread which now exists.
This company is basically a shell. If they ever do have a merger it could be huge. No need for a reverse split, in fact they could have a nice forward split (> 10 to 1) and still do a 93% type of merger. With a 10 to 1 FS and a 93% stock issuance merger you could have a stock with an OS of 30M shares and a float of 2M.
When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass!
Robert Montgomery Knight - The General