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Serenity

11/23/09 1:08 PM

#110351 RE: just_an_ant #110345

"To simple go "OMG" is a lack of understanding to what the company has been doing for the past year and half."

I would like understanding of where all the money has gone from selling product for the last year and half. I believe my understanding is pretty d*#n clear given I have watched it happen.

It is a recurring argument and until we see the IIS and understand what is going on there is no way to answer the questions. To dilute this stock again at this level.... not a good decision from a shareholder or attracting new shareholders although the flippers will come in droves and then dump at .01 - .0115. If deals take so much time to put together as has been professed... they would have known they were going to need money to move forward.IMO Why do it at this level? Why not have taken a chunk earlier in the late summer/early fall? Is there no money over and above operating costs? Is there any profit at all? Not one of you know the answer and all of the guesstimates are useless.

All questions that still have yet to be answered. I don't disagree it takes money to grow...but maybe...while it seems slow to us... the level of growth is too fast and we are not selling enough product to support it...so ....guess who pays for that?

Not being a negative nellie.... just feel that dilution at this level is a kick in the stomach.

That is all I will say about this issue.


EOM
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J-Rhino

11/23/09 1:15 PM

#110357 RE: just_an_ant #110345

Private placements have a few advantages over 504 financing. I'll quickly detail a few and anyone can feel free to add on.
Private placements are usually done in exchange for restricted shares, usually 4-6 months. This means there is no immediate negative impact on share price. The cash injection would allow a company like WNBD to build inventory for a major retailer and have the funds to launch a nationwide ad campaign.
Its DEFINITELY something that Eric needs to evaluate going forward.