QUESTION
Over the past few weeks I have observed that hundreds of millions of shares are being purchased in large (30 mil at a time) chunks at almost zero value. What is this all about?
ANSWER
Short Answer:
I do not know who is buying the large blocks of shares.
Additional information if you are interested:
It may be market makers for their own purposes, or it may be people through their trading accounts. The company is not in discussion with any person officially or unofficially to foster purchasing of shares. The company also has no stock promotion campaign underway. The company is in the highest risk category of investment – a WNBD share purchase decision would need to be their’s alone, as it is highly speculative. This is also emphasized in an audio visual greeting on the investor page of our website. It comes on automatically. It cannot be missed. The plain spoken, sincere, cautionary note is exceptional in our peer group for its responsibility and conservative tone.
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Of further help in avoiding promotional excess, there are some very hardworking skeptics on the discussion boards doing their best to disuade anyone from purchasing our shares as well as encouraging anyone who still has shares to sell while they can. They follow the company day and night, paying a great deal of attention to it. Accordingly, there is no possibility that anyone in the discussion board environment is uninformed about the risks. We thank these skeptics, truly, because they serve the company’s interests through their 24 hour attention to the company. By fostering skeptical discussion on their own time (the most active of whom not even being shareholders), they ensure that all WNBD share purchases made by readers of those boards are made on a fully forewarned basis. This helps to ensure that our shareholders are truly the best profile: self-assured in their buying decision without any illusions as to the challenges, fully aware of the company’s shortcomings (as skeptics would see it) and familiar with our products, policies and objectives with as much prior disuasion as possible. There has been no promotional excess to stimulate the buying – it is organic to the market and occurs despite the efforts above.
Also, the trading volume of WNBD considerably exceeds the volume of share issuance. There are people who feel that our operational accomplishments represent a foundation for future positive developments, and that our current market cap of approximately $500K – $1Million is low compared to what may happen “one day” if key tipping points occur. Even taking a reverse split or other resturcturing into account, their view is that a trading upside exists at current levels.
My own opinions are expressed in this weblog, which is an uncommon service for our shareholders. It provides frequent operational highlights regarding our aspirations and our setbacks, and answers to shareholder questions. My overall opinion is that we face the same challenges that thousands of other aspiring junior companies face, most of whom fail – but that we have more spirit than most, more determination to get through the obstacles and a greater willingness to share the good, bad and ugly of the process with our stakeholders. Our filings over the years have been professional, easy to understand, fully disclosing all that is challenging and also sharing our vision. Even when a filing is delayed, it is ultimately made to the Pink Sheet Current standard. Thousands of OTC quoted companies never provide information of the quality that we do.
Bottom line, I very much appreciate the large block purchases to which you refer. I cannot promise those buyers any specific outcome for their shareprice or for the company’s future, of course. What I can promise is that we remain devoted to our goal – and such comittment is well understood to be an important factor in success in life, whether for individuals or for companies.
