A marriage made in Hell

[griswold]

I thought some would be interested in this:

Wayne Root's company (publicly traded and essentially a penny stock) has bought out Jim Feist's operation. These two conmen have worked together in the past but apparently don't get along. Now, Root's company is taking over all of Feist's assets and operations. It seems like a pure merger as Feist will own 50 percent of the stock and the Root company shareholders the other 50 percent. Root will be the chairman and CEO of the company. Feist and all of his current "handicappers" will now become part of the newly merged company's stable.

One other point: in attempt to make the company seem to be a better investment, they are doing a 1-for-20 reverse stock split. That means the current price, 4.9 cents (that's right, under five cents), will become 98 cents but shareholders will have only one-twentieth their former shares.

Since Root's company is public, you can check thier financials easily. They took in $1.8 million in sales last reported quarter and lost $440,000. For the year, they were slightly profitable at one cent a share.

Anybody interested in following this train wreck, the stock symbol is GWNI.

[tash]

Lol....

[savage1]

On another forum(I don't think I am allowed to stated it here) there is another thread about this.
As you might expect, I have posted many times in the same thread.
Here is a copy of my initial response:

I love the way Root and Feist try to come off sounding like they are presiding over some kind successful multi billionaire corporation.
The truth is that both of these guys are among the biggest scammers of our time and are combining assets out of necessity because they are both hurting.
They talk about shareholder value;what shareholder value? The POS compnay GWIN trades at a little over $.04 a share and with a 20-1 reverse split, the shares will trade at a $1.00 -Big fucking deal-is that the only way they can make their pathetic company stock price sound respectable?
The truth of the matter is as someone mentioned is that the internet has exposed these clowns to what they really are-marketers with little or no handicapping skiles,who have been successful in duping the public for many years;thank god the jig is up.
ps What is even funnier is that neither Root nor Feist makes note of the fact(for obvious reasons)that the internet has killed their business because more and more folks realize their picks are available for NOTHING and that better picks from better cappers than they are also available for NOTHING.

[savage1]

Here is something else which I said:

Here is a copy of what Root said and what follows is what he should have said:

"This is a marriage of industry leaders and legends that will create a dominant market leader. Our merger is a classic example of industry consolidation and economies of scale where a relatively fixed overhead can support substantially higher revenues. This merger will allow the combination of our revenues and the ability to keep more of those revenues as profits, further amplifying shareholder value. Also, as sponsorship, branding opportunities, and database rental become increasingly larger revenue opportunities, the synergy we can offer corporate sponsors with our two TV shows, along with our combined databases, puts us in a strong position going forward. By combining our efforts we will be well positioned to lead the consolidation of the industry and offer a higher quality product to our audience of global sports betting enthusiasts. With critical mass now assured, we can turn our attention to increasing our online presence and open additional sales offices both in the U.S. and internationally."

This is a marriage of industry leading scammers and fabricators that hopefully will save our failing businesses. Our merger is a classic example of industry consolidation and economies of scale born out of NECESSITY to try to cut down on our overhead because the revenues are not there and are sagging.
We have decided to do a 20-1 reverse split to give shareholders the impression that their .04 investment, which is currently worth around $.04 a share will be worth substantially more, actually in the area of $.80-.90.
In addition, we hope that our merger will offer us additonal revenue from our corporate sponsors for out two tv shows so that we can continue to mislead the public about our actual abilities as handicappers, and thus continue to be one of the "leaders" in this area and to actually increase our audience of global sports betting enthusiasts.
Hopefully, when/if we obtain critical mass(translation-scammed/mislead even more people than presently), we can then turn our attention to increasing our online presence and perpetrating the deception even further and to open additional sales/deception offices both in the US and internationally.

[rocko]

OHHHH BOY u HAVE TO BE KIDDING MEEEEEE CAN I GET 200 SHARES DUHHHHHHHHHHHHH
GETER DONE

[ChuckLazar]

A friend of mine moved to Vegas a few years ago at age 55...Joined Roots Company and made over $300,000 last year off commissions....He told me the plays that most see are the little bettors who pay a couple Hundred for picks...He has clients from around the world who bet Thousands and I mean like $50,000 to $250,000 on games and they get special plays that we will never see...He made $30,000 one weekend from commissions and I saw the check handed to him when I was visiting out there...You can believe this or not, but he quit a nice job he had selling Pharmaceutical goods...
I don't like services because they all screw you at some point, but I can see how they are still around beause there will always be young people that start gambling, get suckered in paying for picks...
Remember the "NightMare" who has been boasting all over the net and asking guys to send him an email and he will give free picks....He always plays High Money Lines and has been lucky winning most of them.....Well he's going service, but who didn't know that was coming.....He wants $500 a month and some young suckers will pay him and get burried, especially when he gives out some MLB ML games at $6,000 to $10,000 to win $2,000 and it loses...
Suckers are born every day in this world...

[GOLDENGREEK]

Lets hope this marraige doesnt produce any children

[savage1]

Chuck-Your friend was/is wise for what he did-talk about easy money1
I will say though that I believe that whether someone bets $100, $500, $1000 or even up to the $250000 you mentioned, that person has very little respect for the value of money and/or is just stupid if he would pay ANYONE more than a couple of hundred dollars tops for an opinion(thats all it is) on a sporting event.
A service which just chatges say $25 for a big game has access to the same information for which Root and other scamdicappers charge thousands.
As you say though, at least for the time being, there are suckers who think because they spend more than a thousand dollars for a pick, that their information is something special.

[savage1]

Lets hope this marraige doesnt produce any children

They would be the devil incarnate!!

[savage1]

The stock price of gwin(symbol gwni) is back to its customary .045 today with a "mighty" 10000 shares traded (value $400).
Actually this is a fitting price because the value of Feist and Root both as cappers and personalities(especially Root) add to about .04 total.
They may have duped thousands over the years into buying into their lies and deceptions but thankfully the curtain is beginning to descend on these lowlifes!

[savage1]

Volume again is ZERO. There is about as much interest in this stock as there is in a 90 year old hooker with no teeth.

[jcindaville]

Fiest and Root could get killed in a head on collision and the world would be a better place. I would offer them both up to Osama Bin Laden for a beheading if i could. JMO

[griswold]

Volume again is ZERO. There is about as much interest in this stock as there is in a 90 year old hooker with no teeth.

The no teeth thing may actually have advantages.

[molta02]

The no teeth thing may actually have advantages.

I hope you aren't speaking from experience!

[savage1]

Another paltry 10000 shares have traded today on this piece of turd stock.
Only a person born yesterday with no knowledge of computers and the information disseminated (including Root's and Feist's picks) and the scam that these guys have perpetrated over the years would consider buying their picks and/or this stock.
There ought to be a national (handicapping) holiday when these two dirtbags finally go under(it is interesting that even Feist's wife couldn't stand him any longer and divorced him;I guess money isn't everything to some in life, although from what I understand, she raked him under the coals pretty good in the divorce settlement).
ps Thanks to your guys for your great humor and take on this.