WSBN24 Apr 2019 00:45
Be very careful with your hard earned here,and before anyone posts I'm not trying to drive the price lower for a lower entry.
This shirade is mirror imaging PCGE,and for those who don't know what happened there I suggest you take a look.
RP at the helm,Manelli on the BOD plus a few NED,all on the take,zero revenue,actually no business whatsoever in two years,
PCGE Pouldon used the dangling carrot of expensive Chinese gaming licences for two years,publicly stating deals were incoming,hundreds of investors bought into this but every three or four months from early 2017 he kept raising capital with heavily discounted placings,of course there was a ramping frenzy before hand on each occasion.
He then did the River fort equity share agreement,likewise with WSBN but that ended in failure and substantial get out costs paid to RF by both company's.Pouldons good mate runs Riverfort.
With PCGR he paid off his mate Nick Bryant £289k for a settlement in an industrial tribunal for unfair dismissal,but Bryant is very good friends with Pouldon and their respective daughters are in a relationship,starting to smell fishy!!!
Could go on and on but Pouldon has and will fleece holders,he had substantial benefits from salary and expenses,with PCGE last year there was £1.8M administration costs,for what! there was not one dime made in two years but he brought in another NED.
My take on WSBN I very much doubt there's any gold mine in Honduras it's another sham,and suspect the ongoing investigation now underway with the regulators of AIM will soon halt this blatant deception of both Pouldons company's.
I suggest if you're heavy in this company then have a thorough look through the appalling failures of PCGE,and for one moment don't underestimate Pouldons greed,he will do another placing/restructure very soon.
I hope he is brought to account for his misdemeanours.