WPNV ,this is there quote from this morning pr

WPNV ,this is there quote from this morning press release "Company has no intention of further utilizing the Excelerate facility at anytime in the foreseeable future . "


What they need to do to capture back the investment world ,not just a few chat boards is CANCELL ,announce that they intend to cancel the spiral funding they have entered too until then no one in there right mind will touch this ,not we may not use it now but who knows in the future . This stock continued to have a convertible that is the bottom line with no commitment from the company to cancel it   for those that don't know what spiral debt is please read I encourage all to ask the company to cancel this not play with words in a press release if you are interested in preserving the stock and increase its value get rid of the convertible CANCELL

Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.

Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity ) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures , can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises