Different interpretaion of todays WNSH PR. Can anyone prove this isn't what happened??
"Our agreement with the former CEO Mark Ellis was to transfer 90% control of the firm to Appletree BDC, Inc.
QUESTION 1: What if Mark Ellis told Appletree there were only let's say 1.0 billion shares outstanding in WNSH. He transfers 900,000,000 million shares to Appletree. Appletree finds out another 2.6 billion shares were sold into the float by Ellis.
"We find that Mr. Ellis misrepresented the situation in the transfer and control agreement."
Appletree finds out Ellis lied about O/S count. They also find out Ellis sold an extra 2.6 billion shares into the float. They now find out there are billions more shares O/S.
"What we know at the present time is that there are 3,620,241,722 common shares issued and outstanding. "
If that's what happened the float is 2.7 billion and there's no short.
Reread today PR again and decide for yourselves.
No short, a float of almost 3 billion and no one to cover a short or buy back any shares. If Appletree thought they could go after Ellis it would have said so in todays PR.
It appears Mark Ellis pulled a fast one on Appletree and all WNSH longs
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