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Message Boards Settings Wellstar International Inc. - Quote Info
Noteholders R Dumping @ 0.0001      6-Nov-09 12:47 pm    
to rubes who think it can not trade any lower, ten more increments in 5 digits all the way down to 0.00001 - before the Reverse split - why do you think they already have 20 BILLION shares authorized?

huh ??

Re: WTF can this trade 2 Billion shares and not move

The company has already told a month ago that the noteholders are converting their notes to UNrestricted shares so that they can DUMP this POS into the market, evidently because they do not expect they company to be able to ever repay them.

They are so desperate to geta fracction of their money back that they are willing to sell @ 0.0001 rather than wait for months of Bk litigation later, I $uppo$e.

maybe U $hould actually READ the 5 Oct Corporate Update

( btw, is it at PINK SHEETS "dot" com for a REA$ON? huh ?? )

http://tinyurl .com/y8a5gcx
(remove "space" b4 "dot" com)

click on Oct 5 Corporate Update

paragraph 6:

"Another issue that I would like to address is the current volume of shares that are being traded. The high volumes of shares that are and have been selling are the result of our debt holder's ability to convert into shares of common stock. Our promissory notes allow for the note holder to convert the outstanding principal and interest due to them into shares of common stock, which shares may be issued without a restrictive legend as the shares tack to the date of the issuance of the promissory notes under Rule 144. By the note holders converting to shares and selling into the marketplace, the company is reducing its debt.

Until the company is cash flowing and able to meet it's obligation to the note holders as well as its overhead, the conversions will continue."

"UNTIL THE COMPANY IS CASH-FLOWING . . .
CONVERSIONS WILL CONTINUE..."

$o, HOW LONG do ya think it will continue?

probably right up until it stops trading . . .

Reading comprehension is wonderful,

huh??
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jawz_2020

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when the Total Outstanding is 1.7 Billion?? Naked Sh...
maestro_of_... (1 Rating) 2-Nov-09 01:14 pm  
 
Authorized Shares Now is 20,010,000,000 Make ca...
twosail002 Rate it 5-Nov-09 07:39 pm  
 
Noteholders R Dumping @ 0.0001
jawz_2020 Not rated 6-Nov-09 12:47 pm  
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Wellstar International Inc. (WLSI.OB)

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On Dec 28: 0.0001 0.00 (0.00%)
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