Thoughts on A/S and O/S. AND, Non-reporting status.
Non-reporting status, means WNBD does not have to report Financials, not, not follow other SEC rules.
O/S shares are Issued and on the market. This number is Approx 680 Million and documented in our DD. TO change this number, Eric MUST FILE, typically, a 504 report with SEC, and sell, (usually a large block), to a sofisticated investor. If he does this we will know because the 504 will have to be filed with sec.
The large investor is not stupid and will not flood the market, or he just kills his investment. THINK ABOUT IT.
The higher the pps, the less shares Eric needs to sell to gain access to CAPITAL, (which it appears he is using well). He can olny do these 504's to raise less than $1M, so if he does it, he has to be careful in how often and how many. THINK ABOUT IT.
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