jollyjack
2日前
And chaaaa-ching, all fall down🙈, as Eric raids the piggy bank yet again🤑! Hang on in there, 3rd time's a charm🙏🙏🙏
November 9, 2005: A 1-for-200 reverse split.
April 25, 2013: A 1-for-500 reverse split.
May 28, 2026: A 1-for-1000 reverse split
satter
2週前
It can't be more obvious. TruthToPower asked Eric about this from the recent financial filing.
The issuer emphasizes to the reader that it anticipates material capital restructuring in 2026, such as a reverse split, and/or
Section 3(a)10, and/or Regulation D, and/or Regulation A, or other substantive means for the issuer to reduce liabilities and
to meet capital needs associated with planned growth of the issuer’s technology division, GestureTek. Notwithstanding the
material nature of such restructuring, management assesses the impact of same as preferable to what would have occurred
to shareholder interests had the special litigation settlement referred to as Note 2 in the Convertible Note Table not occurred
in September 2025. This voluntary notice of anticipated material restructuring developments is for the benefit of shareholder
decision making, current and future. Management considers the scope of GestureTek’s anticipated positive impact on the
issuer’s long term profitability and long term shareholder value to outweigh the impact of the restructuring itself. With COVID
and bankruptcy litigation issues now resolved, GestureTek, if adequately funded, can provide substantial advancement
intended when GestureTek was purchased by the issuer.
Below is TruthToPower asking Eric about the RS mentioned in Q1 financial report above. You need to read what TruthToPower asks Eric. Eric does not deny it, The RS. instead he tries to justify it. Again it's obvious if you read the whole discussion.
TruthToPower -"I am a facilitator of combined vested interests so that better insights, experiences and contacts benefit WNBD shareholders." Eric, with #GestureTek patents, a RS shouldn't even be in discussion.
Gesture Recognition Market size report 2024-2032"
Eric - "The stakeholders includes shareholders and creditors, both. It is vital that the company find a way of reducing its debt, now that the bankruptcy litigation has been settled. The remaining creditors still have legal and moral rights too, including having a voice in the proposed restructuring. In the absence of a significant, immediate capital infusion, or restructuring, the continued support of the remaining non-litigious creditors cannot be taken for granted".
satter
3週前
Eric is discreetly announcing his plans. 75% it includes Section 3(a)10, and a reverse split. I wish people would read my comments and not dismiss them as bash.
This stems from when Eric was bailed out from the bankruptcy application by an undisclosed now creditor who bought out the creditor who made the application to be bankruptcy court.
In all that celebration, I tried to warn ok the company is save for now but there still a debt, this new one to the new or existing creditor who bailed out Eric. I can almost guarantee you it was agreed upon back then in the agreement between Eric and this new creditor that Eric had to do a Section 3(a)10 and a reverse split so this new creditor could be paid back. Now maybe its Regulation A or D and not Section 3(a)10, but we should have already seen an application for Regulation A, D.
Eric owed hundreds of thousands of back taxes to the State of Delaware. Surprisely last time I checked it was suddenly paid off. That had to be done before any restructering could take place. So I am saying that in my opinion, must likely the RS is coming and further to that Eric knew this for a long time now, but kept it undisclosed.
I don't have to tell you that assuming this does happen, it will be painful for shareholders. I repeast that GestureTek is a loser.
satter
3週前
Eric is discreetly announcing his plans. 75% it includes Section 3(a)10, and a reverse split. I wish people would read my comments and not dismiss them as bash.
This stems from when Eric was bailed out from the bankruptcy application by an undisclosed now creditor who bought out the creditor who made the application to be bankruptcy court.
In all that celebration, I tried to warn ok the company is save for now but there still a debt, this new one to the new or existing creditor who bailed out Eric. I can almost guarantee you it was agreed upon back then in the agreement between Eric and this new creditor that Eric had to do a Section 3(a)10 and a reverse split so this new creditor could be paid back. Now maybe its Regulation A or D and not Section 3(a)10, but we should have already seen an application for Regulation A, D.
Eric owed hundreds of thousands of back taxes to the State of Delaware. Surprisely last time I checked it was suddenly paid off. That had to be done before any restructering could take place. So I am saying that in my opinion, must likely the RS is coming and further to that Eric knew this for a long time now, but kept it undisclosed.
I don't have to tell you that assuming this does happen, it will be painful for shareholders. I repeast that GestureTek is a loser.
satter
3週前
Eric is discreetly announcing his plans. 75% it includes Section 3(a)10, and a reverse split. I wish people would read my comments and not dismiss them as bash.
This stems from when Eric was bailed out from the bankruptcy application by an undisclosed now creditor who bought out the creditor who made the application to be bankruptcy court.
In all that celebration, I tried to warn ok the company is save for now but there still a debt, this new one to the new or existing creditor who bailed out Eric. I can almost guarantee you it was agreed upon back then in the agreement between Eric and this new creditor that Eric had to do a Section 3(a)10 and a reverse split so this new creditor could be paid back. Now maybe its Regulation A or D and not Section 3(a)10, but we should have already seen an application for Regulation A, D.
Eric owed hundreds of thousands of back taxes to the State of Delaware. Surprisely last time I checked it was suddenly paid off. That had to be done before any restructering could take place. So I am saying that in my opinion, must likely the RS is coming and further to that Eric knew this for a long time now, but kept it undisclosed.
I don't have to tell you that assuming this does happen, it will be painful for shareholders. I repeast that GestureTek is a loser.
satter
3週前
Eric is discreetly announcing his plans. 75% it includes Section 3(a)10, and a reverse split. I wish people would read my comments and not dismiss them as bash.
This stems from when Eric was bailed out from the bankruptcy application by an undisclosed now creditor who bought out the creditor who made the application to be bankruptcy court.
In all that celebration, I tried to warn ok the company is save for now but there still a debt, this new one to the new or existing creditor who bailed out Eric. I can almost guarantee you it was agreed upon back then in the agreement between Eric and this new creditor that Eric had to do a Section 3(a)10 and a reverse split so this new creditor could be paid back. Now maybe its Regulation A or D and not Section 3(a)10, but we should have already seen an application for Regulation A, D.
Eric owed hundreds of thousands of back taxes to the State of Delaware. Surprisely last time I checked it was suddenly paid off. That had to be done before any restructering could take place. So I am saying that in my opinion, must likely the RS is coming and further to that Eric knew this for a long time now, but kept it undisclosed.
I don't have to tell you that assuming this does happen, it will be painful for shareholders. I repeast that GestureTek is a loser.
satter
2月前
🙄WNBD ANNUAL REPORT WITH THE GREAT GESTURETEK
In Dec 31st 2021 without GestureTek WNBD reported Sales of 407,234 with a net income profit of 66,273
In Dec 31st 2025 with the Great GestureTek WNBD reported Sales of 201,903 with a - minus net income loss of (103,196)
What a great business decision that was, that Eric made of buying Bankrupt assets for over $300,000 to revive a Bankrupt company, the Great GestureTek. He has hurt WNBD sales and just caused net losses ever since. In Dec 31st 2021 loans payable were 1,994,793. In Dec 31st, 2025 , loans payable are 2,930,452 , 1 million more. Great work, Eric.
Every year it's a different made up story. How there is a rebound, a recovery happening. This is bullchit.