“The Company recognized revenue of $68,500 during the three months ended June 30, 2006… Revenue is recognized from management advisory services the Company provides to one of its portfolio companies.”
Translation: For the last three months this company has generated no revenue. It’s only revenue has come from the CEO selling himself out to other companies I’m sure he has an interest in.
“Sales, general and administrative expenses were $450,673 for the three months ended June 30, 2006”
Translation: They spent almost half a million dollars and generated no revenue. How do you spend half a million and have nothing to show for it?
“For the reasons above, the Company's net loss for the six months ended June 30, 2006 was $985,296”
Translation: In six months they have lost a million dollars. They have no new assets and no new equipment and yet they lost almost a million dollars? What exactly are their expenses?
“We have experienced losses from operations as a result of our investment necessary to achieve our operating plan, which is long-range in nature. For the years ended December 31, 2005, 2004, and 2003, we incurred net losses from continuing operations of $3,538,300, $62,591,443, and $3,308,609, respectively.”
Translation: In three years they have milked investors out of 69 million dollars and have nothing to show for it.
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
Check this out! Notice who the owner was at the time of foreclosure... (Mark Ellis, CEO of WNSH)
Clients' money removed instead of hair July 28, 2006 THE ISSUE
Ronda Scheil's son paid nearly $1,400 to Charlotte Laser Center near Ballantyne for a series of hair-removal treatments, but the center suddenly closed this month after he'd made only one visit. Scheil said she got bounced between two owners, who blamed each other for things going wrong. "My son delivered a lot of pizzas for this money," she said. Another laser business that specialized in hair removal, Bella Voi in Carolina Place Mall, unexpectedly closed last month with a number of customers out money.
WE INVESTIGATE
Both Charlotte Laser Center and Bella Voi have racked up complaints with the Better Business Bureau and N.C. attorney general's office since closing -- about 85 between the two this month.
Charlotte Laser Center is going through foreclosure, and customers have little chance of getting their money back, said Chuck Lewis, attorney for one-time center owner Gary Hamilton, who's owed money from the sale of the business last year. "You're dealing with a corporation that ... has no assets to pay (customers)," Lewis said. The owners at the time the center closed, Mark Ellis and Barry Lubitz, did not return calls and e-mails.
Bella Voi owner Rick Bagley said he closed the Pineville center he bought in January because it was losing money from mall construction. Bagley suggested customers request charge-backs on their credit card bills for unfulfilled services, though he declined to say how he would repay the card companies.
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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The Better Business Bureau® Serving Southern Piedmont Carolinas 13860 Ballantyne Corporate Place, Suite 225 Charlotte, NC 28277 (704) 527-0012 www.charlotte.bbb.org
Charlotte Laser Center 11220 Elm Ln. Charlotte, NC 28277 Telephone: (704) 369-0429
The BBB reports on members and non-members. If a company is a member of the BBB, it is stated in this report BBB Definition:
report - A summary of activity reflected in a company's BBB file. Includes basic business background, BBB membership information, and Bureau complaint activity over the previous three years. Also reports may include any known government actions, advertising issues or other information that results from activity conducted by the BBB.
.
File Open Date: June 2004 TOB Classification: Hair Removing, Electrolysis BBB Membership: This company is not a member.
Additional DBA Names
Charlotte Laser Center and MedSpa
Out of Business
According to information in the Bureau files, it appears that the company is no longer in business. The phone numbers the Bureau had for this company are disconnected, and directory assistance does not have a listing for this company. The Bureau's mail to this company has been returned as undeliverable. If you have an unresolved BBB Definition:
unresolved - The company failed to resolve the complaint issues.
dispute with this company you may wish to seek legal advice.
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
ewwwwwww i was stung by this piece of dung. Lucky for me soon as i started posting about it people were quick to shot the thing down. Forcing me to make a quick exit at 0007
woooooooossssh
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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"Charlotte has turned cash flow positive ever since we instituted the Nu Image model there 6 months ago," stated Winsted CEO Mark Ellis. "Revenue and net cash flow are both on the rise. Even with extraordinary items like paying off the previous owner, Charlotte still managed to bring in a healthy 10% net profit. Given the fact that we have only been there for about 6 months, our staff has done a remarkable job. It took a concerted effort by all concern to achieve this enviable success. Going forward, our goal is to reach 30% net without the extraordinary items in the calendar year 2006. For the first two months of this year, it appears that this goal is attainable."
How do people get away with stuff like this? One month he PR's how much profit he is making there and a few months later it is in foreclosure? This guy is a piece of work...
-------------------- If you made money, it was a good trade Posts: 453 | From: Cleveland, Ohio | Registered: Apr 2005
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posted
You know, I think I actually owned this at one time. I see that about 5 reverse splits ago its name was InDigiNet. Sounds awfully familiar. Hell, I might still own a tenth of a share or so.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Check this out. Prior to any knowledge of the ticker or before I watched it, I took over advertising for many companies in 04. Nu Image Med Spa was one of my clients and I did many ads for them until mid 05 when they could pay the bills, I remember hassling with them and never receiving phone calls, finally got paid. Since then the store locations in my area are under new management, I have grown with them in their business and they are making money now. Mark Ellis is not a part of my client base anymore and I am grateful, unfortunately I am stuck with a couple of shares, sell orders at the limit come back at the end of the day as expired. It's okay with me cause I found a winner somewhere else. Plus another thing that is wierd is Winstead says its out of Newport Beach but still also bases itself out of Texas, fishy & funny. Don't have time for companies that play games with our money.
I'm on "will advise" status. and whats up with the Oceanside CA. Realtor entreprenuer that signed a contract with Winstead. One announcement with no detail or follow up. Gotta be more professional than that, people see thru the BS pretty easily. WNSH better get ligit after all the 8-K's the chuck at the SEC.
dinner42
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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posted
Still could be good for the .0001 buy especially since they had to cancel the r/s, just keep an eye on it. Plenty of POS's run. Just get in, get out.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
Anyone see the volume on this today? 216,237,998 million so far.
at .0001 I think a group is loading, shakerz tried to push it last week but got distracted with other plays he was pumping. This may be worth looking into.
posted
gotta good laugh, thanks. It's good to laugh on Mondays! lol..
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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posted
Schwabie, Whats your Rally Monkey look like?
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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SOMETHING UNPRESIDENTED HAS HAPPENED IN THIS STOCK TODAY !!!
YOU MIGHT ASK WHAT... WHAT HAPPENED ?
AFTER SO MUCH TIME PASSED WITH NO VOLUME...
IT GOT VOLUME !!!!!
I AM VERY AMAZED THAT SOMEONE WOULD WASTE A WHOLE $0.568 ON THIS.
I WOULD RATHER BUY A COFFEE !!
Today’s Price Performance as of 10/04/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0001 Last Price 0.00 0.00% Today’s Change $0.0001 Today’s Open 5,680 Below Avg. Today’s Volume
WINSTED HOLDINGS INC - Nasdaq National Market: WNSH
Time & Sales most recent next page Rec. Time Action Price Volume 11:44:26 AM Trade 0.0001 1280 9:34:52 AM Trade 0.0001 4400
most recent next page 4:36:35 PM EDT - Wednesday, October 4, 2006 - data is delayed 15 minutes
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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posted
We need a Frankenstein here!! Where's the blood!
Winstead Holdings!!!?? Do you guys exist anymore? Are you in a Quiet Period? What happened to all those plans of Oceanside Realestate Investors and the National Chain of Med Spa's across America?
I have had no ALERTS for months!!! Whats the DEAL or NO DEAL DUDES!!!!
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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posted
What's up with it? My account is showing $3 per share???? Cannot find any R/S info - or it was 1:30000?
Posts: 1580 | From: World | Registered: Jul 2006
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