Wayne and the SI thread, everyone is smarting from this deal, and its hard not to take it personally, when a company or individual has cost you your hard earned money, in a less than agreeable way.
Lets look at this from a business stand point.
Because this is what worries me more than the current loss. WOTD is planning on acquiring business's in the $1 to $50 million dollar range... so we are told. My question is with what? Stock? If they use stock many of the "mom and pops" arent going to trade their lifes work and money for stock in a company that has a history of treating the investors they way they are treating us.... it will never happen. My guess is any half informed business person will demand cash on the barrel head thanks to the last week of bumbling and fumbling. How do they get the cash sell stock or generate debt...
Hmmmmm boy I like the idea of this......... NOT!!! HEY LETS BUY SOME WOTD BONDS, TOO <LMAO>
A $50 million oil distribution company? With what? company stock? get real that $50 million private company is worth multiples over the value of WOTD/CVIA, Huh? a company of this size could do an ipo, buy a shell or most anything they want... why do they need WOTD? Better yet why would they trade $50,000,000 for a company that has a record for investor abuse? So lets say WOTD does pull this off and generate a truck load of debt... more delution with a mountain of debt piled on. Looking pretty feasable so far... NOT.... HEY LETS BUY SOME MORE WOTD BONDS AND STOCK
We are being told they have 1 to 10 "mom and pops" lined up ready to merge, cool give them some paper and "TA DA" instant corporation. WOTD had better sit back and rethink things... look at the hostility generated by the treatment we have recieved, just imagine what the treatment they will receive from some of these guys that worked their whole life, building a business and then handed RESTRICTED 144 stock, unable to trade it while WOTD wheels and deals, yeah I guarantee we will look like a bunch of nice guys with the treatment we are giving them.
I am telling you WOTD had better set things right, soon with us and clean up their Investors Track record, or all they will do is talk and talk and talk about these grand plans and not get anything accomplished. The mom and pops are WOTDs and our future, and if the ones that merge start getting yanked around like we have been... well you get the picture.
WOTD people judge you from you past track record, thats why Standard and Poor Zacks and many of these other investor services exsist, this will not go away, any time soon if you push the issue... and any half competant CPA or financial institution checks these in order to properly advise their clients.... IE WOTD its TIME TO GET YOUR ACT TOGATHER, before you "go public."
The CEO says he has an MBA, so if this is true why is he doing things in such a bone headed way? JMO IMHO IMO JHMO ect ect
Oh yeah I have my garden tools ready, for them <LOL>
KAA
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