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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (36280)	12/23/2009 2:59:14 PM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Hi McSweet - Interesting 13D/A.... The filing party is a 5.29% equity owner. Wonder if he will get a response from management? Is it management that determines when to close the fund(s) and liquidate the proceeds for distribution to the equity holders? pinksheets.com From the filing:"...The purpose of the acquisition is investment. The reporting person may from time to time recommend actions to the issuer’s board of directors or management for the purpose of increasing the market value of the issuer’s shares generally. A letter to the issuer’s board of directors, dated and sent December 22, 2009, is attached as an exhibit hereto. That letter urges the issuer to release its consolidated annual reports for 2007 and 2008, as well as to resume quarterly updates; to hold an annual meeting of shareholders; and to consider appointing an independent outside individual to the board of directors. The letter also asks that the issuer’s affiliates consider abandoning the protection provisions of Maryland Law (specifically the Maryland Control Share Acquisition Act) and any other poison pill provisions...." When you go to the Pink Sheet site to get a quote for WNMLA you get the following alert: pinksheets.com ":: INSIDER TRADING WARNING This company may not be making material information publicly available. If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties. What is insider trading? Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale. Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice. Why is Pink OTC displaying this warning? Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available...." ================================================================== This company is not worth the risk IMO. EKS

To: MCsweet who wrote (36280)	12/23/2009 3:05:44 PM
From: Madharry	Respond to of 78753

ouch! I hate these companies with sleazy management. I invested in one such company which shall remain nameless. I carefully looked at their investments and the company seemed very cheap, unfortunately the company has not released any financial info in about 3 years, the stock has lost 95% of its value and I have no idea what the **** they are doing. The problem with this type of company is that all the assets can sucked out through less than hands on transactions and the investor becomes a bag holder. The same situation to a lesser extent happened with Endeavour Financial. They used to release decent if not great info, but after they cajoled investor into authorizing the purchase of the investment bank, they provide minimal information, which hast cost shareholders big bucks. Im holding on in the hope that eventually they will want to cash out their shares and start providing info in order to lift the share price, but its not a confident position and Im not holding my breath either.

To: MCsweet who wrote (36280)	12/23/2009 3:18:05 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78753

Thanks for WNMLA report, MCsweet. I likely wouldn't have seen it otherwise. In since '07, I'm underwater on my shares. Stock seems undervalued based on numbers that were available then, and I suspect stock is still undervalued. However with apparent continuing obfuscation by management, the small capitalization and the stock's low trading volume, it seems like another value trap. Having only a few shares, I can financially afford to hold and wait. Psychologically though, it is and has been, discouraging.