We are looking good to go into pennyland, but let's read the facts as stated, unless anyone knows different.
The retirement of the debt of $950,000 according to the PR on Jan 07 (below) says has been assigned. So we don't know if more shares are being released or not. So without over speculating, that could be a reason the share price hasn't risen.
I take this as a buying opportunity to keep loading up at these bargain prices.
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wcrash655 Member Level Monday, 02/10/14 09:53:02 PM
Re: TheHungryHippo post# 19237
Post # of 19377
At .003, you are looking at 300M or more to get rid of the debt he says has been retired. How man shares are you estimating are being sent to the float for the retirement of the $950k+ that has been retired??
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Worldwide CEO Releases Shareholder Update
Jan 07, 2014
OTC Disclosure & News Service
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Worldwide CEO Releases Shareholder Update
NEW YORK, NY--(Marketwired - Jan 7, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR), a company focused on making investments to diversify its business operations and holdings, released the following update for shareholders from its President and Chief Executive Officer for the period ending December 31, 2013.
Dear Shareholders,
We are pleased to announce the following accomplishments for the company for the year ending December 31, 2013
The company has satisfied US $995,013 in indebtedness to affiliates by assignment to third parties for the retirement of the debt.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
The company is committed to continue to develop its proprietary technology with significant telecommunication and software partners.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
The company intends to make distribution of some of its interest in its portfolio companies as dividends to shareholders in 2014.
I would like to thank our investors and shareholders for their patience as we build a foundation that will help to ensure our long term and sustained success.
Sincerely,
Frank Kristan,
President
