WENR Corp. (WNRC)

[Farrago]

Yet some say they easily reach him. I say foul and no way. He never answers the phone and does not return calls.

Really?!? You're essentially calling me a liar. Whatever man. I have zero incentive to make up a phone conversation with Dan. Nor do I have any desire to get in a stupid argument on a message board about whether or not phone calls actually happened.

Just like I didn't make up this conversation, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87718695, I'm not making up that I called and talked to him last Thursday. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91268004

I don't know if it's a common habit of yours to ask someone to share details about a phone conversation and then turn around and imply that you think they're lying anyway and that it never happened. Sure doesn't seem effective to me, but whatever floats your boat.

But for the sake of other decently polite folks on this board -

It wasn't a long phone conversation, but 4 minutes is plenty of time. After a 20-30 second intro I went into receive mode and listened.

Basically Dan told me that:
- they're in discussions with two separate groups
- they're expecting one group to finalize discussions within the next 30 days (subtract 10 days if you want since the convo happened on the 15th)
- he said they expected them to be done already but they "asked for additional information last week that I am trying to get to them"
- he told me that basically WNRC has debt that cannot be resolved (I don't know what this means, Joe or someone else might have some insight) and that b/c of that they can't take WNRC to the next level, i.e., a higher exchange with more "legitimacy" and availability of funding to really expand
- he said that their plan is to use this merger as a way of resolving that debt, and the "purchasing" company is using it essentially as an R/M to acquire an already existing publicly traded company as a way to go public
- he told me that under the current negotiations, he and Tariq would not be involved in the company post-merger, and because of that he obviously won't have any control over what happens, which means he can't guarantee anything for shareholders
- he said he expected this to be wrapped up within 30 days and when it was complete, and official notification would be released

If for some reason you don't believe that all that happened in 4 minutes, feel free to read this out loud and time yourself:

"Hi Dan, I'm xxxx, I just wanted to give you a call and see if there's anything you can tell me about the ongoing negotiations you mentioned the last time we talked a few months ago?"
"Well, we're still in discussions with two separate groups. One of them we expected to be finalized already. They sent a request for more information last week which I'm in the process of trying to get to them now. I expect that this will be finalized in the next 30 days. Basically we have debt that we're unable to resolve and we can't take WNRC to the next level."
"And the other company is treating this like an R/M to acquire a publicly traded stock symbol?"
"Essentially, yes. We're using this merger as a way to resolve that debt. I can't tell you all of the details, but in the agreement we're discussing, Tariq and I will not be involved in running the company after the merger so I'll have no control over what happens post-merger and won't be able to influence how this affects shareholders. As soon as this deal is finalized we will release an official notification with all of the details of the agreement."
"Ok. Thanks for your time Dan. Have a good afternoon."
"Sure thing. Goodbye."

That was pretty much the conversation. That conversation in real-time is less than 1:30 ... so, yes, 4 minutes was plenty of time to have a real, valuable conversation.

Quite frankly, as I already stated, I've not had trouble reaching Dan. Maybe I just have amazingly lucky timing with my calls. Whatever the case, I've felt that Dan is nothing but upfront and honest when I've called him, so I've made the decision to give more credence to what the CEO says than a handful of stock board posters whining about not being able to get in touch with him and spinning theories about what that must mean is going on with the company.