DickMN, WLGS has seen the bowels of H*LL!
With the downturn in the market, WLGS could not find 'traditional funding', like so many other Internet Companies today.
Unfortunately, they got themselves into a 'covertible subordinated debentures' form of financing. As the market continued downward, it is apparent now that what these debentures have been called.....DEATH SPIRAL BONDS....has sadly come to pass.
At best, I would say that WLGS share price is a 'victim of circumstance', however I and MANY other investors who post on Raging Bull still have a strong belief in the long term success of the WLGS Business Plan.
There is a long history to this stock, and I would recommend that each investor do their own Due Diligence before investing. But for me, I am looking to buy more, as quickly as possible.
(Meme, where you hiding?)
