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User-65225

05/24/09 1:47 PM

#79020 RE: extra #79019

"We think that wnbd DOES USE TOXIC CD's ,,,
and Always has , for at least 3+ years.

The wnbd CEO EVEN JUST STARTED ADMITTING THAT HE IS
CURRENTLY USING SUPER-TOXIC "504's""

Nope, like most of your info, its WRONG and supported with NO FACTS... 504's are the financing vehicle here and we have filings and the CEOs word as PROOF... Im also capable of doing the MATH

Learning session for noobs: The word "toxic" when used with equity financing is when a large bond/debenture is sold and has "floorless" conversion. This allows the bond holder to sell/short the stock lower and lower and increase his shares due to it being floorless.

504's are sold as a tranche (discounted to market) to the financier and are not held as a bond. Sorta like a private placement, but with no 144 restrictions on when they can start selling.

From what i understand, 504's are much cleaner than convertible bonds/debenture (CD's), cause when the deal is signed you NKOW how many shares are being issued. Whereas the amount of shares needed for a toxic floorless CD are unknown at the time of financing....

PS: I wont expect you to stop making your wild unsupported claims. Obviously "some" like to post the worst case scenarios, even tho theres not a shred of proof that it exists with WNBD.
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cooljet

05/24/09 4:04 PM

#79027 RE: extra #79019

Why don't you speak plain English on this board....half the time when I see your post, I just smile because your posts do amuse me....you are trying too hard......Plain English will do just fine:) maybe then people might actually READ your posts intstead of IGNORING them!!! Have a great day!
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maverick one

05/24/09 4:46 PM

#79030 RE: extra #79019

That's what I have been thinking Extra...that's why I think there is just way too much dilution going on here with a sinking pps regardless of the sales. The amount of sales they are having allegedly... that's 2 different things. And it doesn't add up with that amount of dilution going on. They more than likely are supplementing their sales numbers combo with the incomes with those 504's to pay the bills etc.

It has potential of getting into a mass market here in the States sure any company has that opportunity we all know that this is America and how is works. But, that doesn't do anything for an investor today or in the past that has bought into this companies stock and is therefore acquiring dilution shares. That's why I want too see what it is they have in place for financing.

How long the 504's will continue and who is holding and selling them for what purpose/intent. Just simply looking for information that's all. We'll see what happens by simply observing.