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Virtual Drew

07/02/10 12:04 AM

#139335 RE: lbdave #139331

OK. 101.

1.3B shares entered the publicly traded market. At what cost basis?

.5c? = $6,500,000
1c? = $13,000,000
2c? = $26,000,000

At what price do you think Eric initially sold these 1.3B shares at?

The week of May 15, 2006, WNBD traded 23,900,000 shares for $11.9M* dollars alone!

The week of June 5, 2006 (only three weeks later) WNBD traded 64,551,700 for $24.5M*!

* Dollar amount calculated at week's "Daily Low"!

Eric had plenty of capital at his disposal. So, where did it all go?