Brad, thanks for a level-headed post...
I spoke to Keith, Jack's out with lawyers through tomorrow's signing. He's been fielding calls all afternoon. He didn't know about the contents of the PR til it came out. He was not surprised. He said the PR was Jack's idea to keep stockholders appraised of what was happening. He specifically said your post (#3461) sums it all up. It is now up to WOTD to inform the shareholders and execute their business plan.
He said the WODT folks are not fooling around. They have the credentials, the contacts in place, and a business plan to follow. After signing, he expects WOTD to come out of their "privacy status".
IHO, those with shares in the .02-.03 range will fare ok. He said those who don't understand the numbers and potential of the business plan are gonna sell while those who understand it will buy.
He said the WOTD numbers he's seen are large and show real revenues within the first year. Initial acquisitions will focus in the western half of USA although interest has come in from the east coast. Expansion there will most likely follow.
Most of us paid higher prices for a shell that represented nothing. Now it represents a business, with revenues, and profits (about 10% for the industry). Wayne has been very good at keeping the risks in front of us, this being one of them.
Most SI participants are short term traders that demand immediate gratification. Well this today has become an investment that requires us to look a little further down the road.
For those frustrated, excited, curious, or have nothing better to do, please call CVIA at 918-747-2842 and let them know how you, as arm-chair executives could have put together a better deal.
These are some of my thoughts and some notes from my call. If anyone does not agree, call CVIA (or WOTD after tomorrow) and post your own summary...
Everyone must do what is best for their situation. |
