Yes, omissions by definition are selective. Shall I post Websters definition for you? Going back to the point that you continue to avoid, stocks tend not to conduct an R/S until the OS has approached the A/S.
Oh really. I suggest you take a look around the stock market. There are stocks with share structures much worse, making NO revenues (much less net profits), very little assets, yet they continue to fly high every now and then. Granted the catalysts for them are usually promotions, since they have no income, and little else going for them...unlike WNTR.
Shall I post a link to the SEC regulations for you?, or would that make things a bit too obvious for you?