Averaging-down is much more effective,,,
for those who Don't hold old long 'shares' ,
during the steady slide, during the continuing
Dilution, which the CEO already admitted was
necessary. Of course, he said it was a good
'investment' for the 'company'. Especially,
for the ~80% Non-Dilutable Preferred Shareholder,
since Only the common 'share'holders ever share
the losses caused by common share dilution.
extra, Sincerely.
By the way. Some common 'share'holder should ask
the CEO : "Why does wnbd have 5 BILLION Authorized
common shares? But, less than 1 Billion currently
floating." We shorters think we know why.
It's because wnbd Needs them, NOW, to cover the ~80%
Never-Dilutable Convertible Preferreds, that were
issued long ago. Here's a 'head's-up'. When the common
float gets near 1 Billion, And, the Authorized is raised,
(because it Must be), it ~proves that the Preferred guy
has ~80% , and All commons combined are sharing ~20%.
And, of course, the 1 guy who already + always owns 80%
of all wnbd 'votes' , can just 'vote' for more Preferreds ,
for himself only , and all by himself , any day that
wnbd is actually worth more than $zero.
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