extra,
As always you are correct! But you and I have seen all the excuses for the gagged TA: "TA gagged to keep shorts in the dark" (what about longs) "company buying shares and doesn't want the shorts to find out" (with what money?) or one of my favorites: " shorts will have to cover ____ weeks from now".
Of course Eric knows all this and that is why he gagged the TA.
When a company like WNBDs refuses to release financials (and you are right, it really doesn't cost anything extra), there can be only a few reasons:
-Eric doesn't want shareholders to know how little there stock equity really is.
-WNBD expenses far exceed income probably expenses even exceed revenue.
-Eric doesn't want us to see how he makes up for the negative cashflow by selling common shares
-Eric doesn't want us to know how little of the company common shareholders really own.
Just the fact that WNBD apparently has enough money to promote the stock thru websites, NASCAR, local TV and a bunch of PR's but claims to lack the resources to file any financial statement makes you scratch your head. I bet any of us honest investors can produce their tax return by just openening their desk drawers.
I own a company myself (12 year old private corporation) and if I wanted to, it would take me about 5 minutes to publish the share structure and the financial statements of the last fiscal year. How about it Eric? Maybe an e-mail campaign will get him to come clean!
Good luck
News 
Market Data 
Discover 
