Because when the CEO purposely projects market changing events/catalysts and purposely attaches timeframes to those supposed market changing events that never transpire he's accountable to explain why he keeps repetitively carrot dangling big expectations that he never delivers!
If you wanna make excuses for how he issued 1.2 BILLION discounted shares in the 1st 5 and a half months this year while his blog machine was running in overdrive making promises of friendly financing that never arrived so be it!
If you wanna make excuses for how he blogged for the 1st 6 months of 2011 about how close WNBD supposedly was to no less than 3 full scale national roll out accounts with BIG BOX USA stores while the discount share dilution machine cranked up to historical highs so be it!
If you wanna ignore the -40% declining quarterly sales so be it!
If you wanna ignore the fact that every single year for 4 years running the CEO has made all kinds of 1 line statements promising that next year is gonna be the breakthrough year when the direct opposite occurs so be it!
If you wanna pretend that having no remaining room in the treasury shares to even raise any further discount share financing doesn't have a drastic effect on this co's ability to brand their already poor selling products so be it!
If you don't want some real answers on how this company can possibly overcome the hole they themselves dug for themselves without initiating a large reverse split so be it!
The truth is excuse making isn't going to magically recover all the monies everyone poured into this stock over the past several years believing all the memos, emails and blog promises/projections made...and for everyone who doesn't demand real answers on what if anything besides a reverse split is going to be done about it the CEO here will likely initiate a reverse split and blame his professional advisors...as so many holders foolishly fell for all the complete "us versus them" bunk that's been spewed in the blogs and by paid company consultants and discount share funders posing as pro wnbd posters over the years weeeeeeeeeeeeeeeeeeeeeeee
Love the trend not the stock - If you fail to plan your trades you
plan to fail
"Never buy or sell based on anything I post - my posts are just my
opinion
