Tell that to a funder when you're trying to convince him to take discounted company shares trading in the low triple zeros then deal with the headaches of attempting to clear and sell them.
Why do you think the partial chill got slapped on this and hundreds of other pos-land co's anyways? Educate yourself on how funding in pos-land works dave and you'll see from all the blog hints that the only LOGICAL next steps in keeping this attempted growth story going is to either deliver millions of dollars in top and bottom line numbers from a rapid increase in overnight retail sales OR restructure and start the process all over again ie: Start issuing a fresh batch of discounted stock to new funders and new penny playing dreamers after "professional advisors have deemed a reverse split necessary" of course.
Dave, on so many levels WNBD fits that criteria its not LOL by any streach. When your as deeply in debt as he is (thru dilution) and you have ZERO collateral its not rocket science to figure this out. It gets hard defending the defenseless isn't it? Your points being made are to weak to respond to. The DTCC smells the problem and they deal with it. Its a black eye not matter what. You really need to study toxic financing closer and R/S's. WNBD looks right now as though they don't even qualify for that with just about all shares diluted. What isn't holding water here is the CEO and company. Its a sieve for shareholder value and 9 mil has already passed thru. His time is up and cash is gone...we can bantor all day but the facts remain.. .0003-4 and a chill and dilution and not enough revenue to sustain this company.
toxic loan does not have sufficient collateral to meet the outstanding debt obligation when the borrower defaults. The lender is left with a large loss on the balance sheet and no way to recover the debt
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