Doesn't remotely answer what this year long court approved asset acquisition is costing WNBD...nor how Eric's gonna be able to fund the new WNBD tech division subsidiary without diluting any WNBD stock.
GestureTek definitely has assets...but according to Eric's recent tweet, none of GestureTek's debt was any part of WNBD's asset acquisition court process...nor will any of GestureTek's debt be utilized as a means to fund the newly created WNBD tech division subsidiary post court approval.
So the key valuation metrics questions have yet to be remotely answered...but I'll give Eric credit for flat out stating that there's gonna be no reverse split of WNBD and no dilution of WNBD's treasury shares to fund the new WNBD subsidiary...leaving a whole lots of unknowns before the investment community can even gauge what kind of value this court approved GestureTek asset acquisition will truly mean for WNBD.
Vincent's looking forward to Eric and his action team supposedly funding him and his colleagues post court approval...yet no-one has any clue how Eric's supposedly gonna fund the new WNBD tech division subsidiary company(if he ever gets around to creating it)...let alone what the year long key rights and assets acquisition is costing WNBD because even though Eric's been pumping out non-stop carrots about the GestureTek since June 2021, nowhere in any of his carrots has he once said what it's costing WNBD.