slotpoker 0 Posted March 24, 2007 Share Posted March 24, 2007 Got this blurb on them and thought it was very interesting.Wow stock only half a cent.World Hockey Association - WHAsymbol: WHKAprice: 0.005 (1/2 cent)Highlights* First Season Completed* 4 teams have submitted forms for franchises based in the USA* WHA on track to grow from 6 to 16 team league for 2007-2008 season.* Hall of Famer - Bobby Hull is league commissioner and director* NHL great - Garry "Iron Man" Unger coaches a team* Hall of Famer - Brad Park and Terry O'Reilly assisted the WHA this year* Edmonton group recently purchases franchiseFinancialThe WHA is about to file a lawsuit against parties related to Global Development Inc.Per press releases and interviews we found out that the related parties were supposed to fund the league for the first season and instead issued illegal shares to the tune of 100 million shares+This put the WHA in financial difficulties of which they are currently working out of.The stock declined from .30 to .50 range pre December "06" to the current area due to the share pressure.When this lawsuit and its claims are revealed the market should respond positively to WHKA.We believe those 100+ million shares will be forced to be returned. Causing this stock to recover to previous highs.besides thatWith current and future revenue streams coming from:*League Franchisers *Corporate Sponsorships*Licensing Revenue from WHA Logo's Brand Recognitionand more, we feel WHA is on track to be a competitve and profitable entity in the Junior Leagues.CommentaryIts a shame that a company has tried to take down WHA that was doing good for the up and coming athletes. This future success story of the WHA will be a testament to CEO Ricky Smith as they overcome the diversity. David and Goliath story at its best or should we say WHA vs Goliath.In this case as before we are pulling for the little guy, our money is on the WHA. (WHKA) chartlink to yahoo finance site for chart on WHKA Link to post Share on other sites
slotpoker 0 Posted March 24, 2007 Author Share Posted March 24, 2007 subpennyradio.com interviewed the CEO last week. He mentioned the lawsuit and the 100 million shares illegally placed. Link to post Share on other sites
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